Aave, a leading decentralized finance (DeFi) lending protocol, has announced the launch of Aave V4 on testnet. This new version aims to tackle liquidity fragmentation by introducing a Liquidity Hub and Spokes, which will centralize and dynamically allocate liquidity across Prime and Core markets. The initiative is part of Aave's strategy to evolve into a modular lending infrastructure. Additionally, Aave has launched the Aave App, designed to attract retail users by offering up to 6.5% annual percentage yield (APY) and $1 million in balance protection. With over $54 billion in total value locked (TVL), Aave is reinforcing its role as a key player in the on-chain capital markets.