Aave says 75% of stock-token borrowers on Base are new to the network

The story so far: Tokenised stock deposits on Aave Base

Aave's Equities Hub on Base drew first-time users for 75% of its stock-token borrowers, with collateral at $9.57m and loans at $4.08m as of 18 October. Deposits of Coinbase-issued tokenised stock into Aave V4 on Base have now passed $10m, up 514.5% in a month, mostly in big tech shares.

1. 20 Oct 202612:41 UTC

   Aave says 75% of stock-token borrowers on Base are new to the network

   Aave's Equities Hub on Base drew first-time Aave users on that network for 75% of its stock-token borrowers, with borrowing wallets rising from eight at launch to 144 by mid-October. Collateral stood at $9.57m and loans at $4.08m as of 18 Oct, with the loan-to-value ratio up to 42.9% from 22.2%.

   AltcoinsCoinNessAIBullish

2. 26 Oct 202611:14 UTC

   Aave V4 deposits of tokenised stocks on Base pass $10m, up 514% in a month

   Deposits of Coinbase-issued tokenised stock into the Aave V4 protocol on Base have passed $10m, a rise of 514.5% over the past month. Most of the value came from tokenised shares in big tech firms including Alphabet, Nvidia and Meta, as such tokens gain use as on-chain loan collateral.

   AltcoinsCoinNessAIBullish