**[Developer: Aave V4 Aims to Transform Decentralized Liquidity into the Operating System of DeFi]** According to a report by Jinse Finance, the lending protocol Aave stated in a blog post that developers believe Aave V4 has the potential to transform decentralized liquidity into the operating system of DeFi. This model can empower the broader DeFi community, enabling developers to build on Aave rather than compete with it. Service providers and integrators can access ample liquidity while creating specialized service experiences, thereby driving innovation within the Aave ecosystem instead of fragmenting it due to market decentralization. According to data from DeFiLlama, Aave’s total value locked (TVL) across 19 blockchains exceeds $45 billion. The project positions V4 as a new foundational infrastructure layer in the DeFi space, aiming to address the "bootstrapping challenge" where new markets must compete with already successful existing markets for the same deposits. This model resolves a core issue in earlier versions of the Aave protocol: previously, liquidity was fragmented across multiple small, independent liquidity pools. Under the V4 version, different markets can share a larger, unified liquidity pool, eliminating the need to build separate liquidity pools from scratch.