TokenLogic

We provide Capital Management Solutions for Institutions and DeFi Protocols.

[TokenLogic @Token_Logic]

https://t.co/WS0GDM95OW

[TokenLogic @Token_Logic]

TokenLogic proposed the DAO funding behind these incentives, which went live on October 13.

Track deposits and active loans on our dashboard ↓
https://t.co/nlgkxyiXFM

[TokenLogic @Token_Logic]

358% growth in active $USDC loans took @aave V4’s Coinbase Tokenized Stocks market on @base from $1.14M to $5.20M since the start of October.

User deposits increased 102% over the same period to $18.2M.

[TokenLogic @Token_Logic]

Coinbase Tokenized Stocks on @aave V4 on @base now earn 3% incentives.

Borrow $USDC against them at a rate capped at 3%, and get paid to hold leverage.

Explore here: https://t.co/wdAE4VlLCA

[TokenLogic @Token_Logic]

Track Aave V4 data: https://t.co/oXYRqbrwev

[TokenLogic @Token_Logic]

Active loans on @aave V4 have crossed $500M, less than a month after passing $400M.

[Aave @aave]

Aave V4 crossed $500 million active loans, more than doubling in the past two months.

[MatthΞw (HIRING 👀) @Matthew_Graham_]

Are you working to bring Private Credit on-chain?

We are doing just this at @Token_Logic

Reach out and lets build.

✅ No Token Needed
✅ Proof of Reserve
✅ Duration
✅ Fixed Yield
✅ Access to Credit
✅ Loan Loss Reserve support

Just some of the tools that can help 👀

[TokenLogic @Token_Logic]

@iris_credit 👻👀

[TokenLogic @Token_Logic]

Fixed-rate borrowing on @aave liquidity, very soon 👀

[IRIS @iris_credit]

1/ A borrowing protocol gets better with every lending protocol it can settle on.

At launch, IRIS settles on Aave V3.

[TokenLogic @Token_Logic]

@aave @XLayerOfficial @ethena Supply $USDe or borrow against it on Aave’s X Layer market ↓

https://t.co/CiXXMksGmi

[TokenLogic @Token_Logic]

TokenLogic’s AIP-533 has executed, adding $USDe lending and borrowing to Aave on X Layer.

The listing also lets users borrow other stablecoins against USDe through a dedicated optimised borrowing setup.

[jfab @josefabregab]

Swaps are becoming a real revenue line for @Aave.

Swap fees as a share of monthly protocol revenue:

Oct ‘25: 0.8%
Nov: 0.8%
Dec: 0.04%
Jan ‘26: 0.04%
Feb: 0.01%
Mar: 0.3%
Apr: 3.6%
May: 4.9%
Jun: 4.4%
Jul: 8.2%
Aug: 4.7%
Sep: 8.4%
Oct (MTD): 5.3%

September alone brought in $524K in swap fees, up from $4K in December.

The turning point was April, when the Aave Will Win proposal passed and swap fees from the Aave interface (routed through @CoWSwap) started flowing to the DAO. CoW Swap accounted for $503K of September’s total.

Part of the rising share comes from lower borrow interest. However, both have been ticking up since June, so this is a second revenue stream growing alongside lending, and it accrues to the DAO and $AAVE holders.

Data by TokenLogic

[TokenLogic @Token_Logic]

Cleared for takeoff ✈️

One liquidity hub across seven chains. Congrats to the Aero team!

[Aero @aeroxyz]

Aero is here 🌤️

Get on board at https://t.co/F6xJ2xYcgY

[Defi Jonaso ❖ @Jonasoeth]

11 Aave markets ended Q3 with $1.3B+ in deposits and $417M borrowed.

Across V3 and V4, @aave expanded into new chains, consumer credit, and different lending structures.

A few things stood out to me 🧵

[jfab @josefabregab]

DeFi Q3 Earnings: @aave edition

Q3 2026 revenue: $18.9M

> Down 23% QoQ (Q2: $24.6M)
> Down 50% from Q1 ($37.9M)
> Lowest quarter of 2026

What happened: Q3 was the first full quarter after April's LayerZero hack, while Q2 still had a strong April. Protocol earnings fell $7.6M QoQ, and buybacks remain paused.

What's improving:

1. Protocol earnings rose every month: $4.56M, $4.66M, $5.15M

2. Expenses down 32% QoQ to $14.9M, partly because Q2 carried a one-off $5.0M Aave Labs payment

3. Net income up 50% QoQ to $4.0M and rising every month, with margin up from 18.2% to 23.8%

4. Deposits up 41% to $33.6B, active loans up 32% to $13.2B (+9% at constant prices)

What to watch in Q4:

1. V4 ramp: 10 spokes opened in Q3, and https://t.co/6tQPMN1MKn Cash already holds $311.5M, with Aave earning 20% of its revenue

2. Native BTC collateral via Babylon

3. Tokenized stocks growth on Base, live since Sep 29

4. Aave App and Aave Institutional

5. When buybacks restart

*Figures exclude DeFi United.

My read: Q3 was a quarter focused on rebuilding the foundations. Q4 is when the sauce starts.

Data by TokenLogic.

[TokenLogic @Token_Logic]

Merkl campaigns: https://t.co/GG2u9aIKhr

[TokenLogic @Token_Logic]

A delta-neutral strategy on Coinbase stocks, using @aave V4 on @base and Hyperliquid.

Deposit the stock on Aave, borrow USDC against it, and short the same stock on Hyperliquid.

At today’s rates, it works out to up to 11% a year, with no exposure to the stock price ↓

[TokenLogic @Token_Logic]

Things to watch:

> funding changes every hour and can go negative
> if the stock rallies, top up your Hyperliquid margin. If it drops, watch your Aave health factor
> Aave stock prices pause on weekends, Hyperliquid doesn’t