Definition. The amount of each token currently available to be borrowed on version 3 of the Aave platform — supplied reserve minus outstanding borrows, per listed token.

Interpretation. Provides insight into per-token lending-pool capacity and the available-to-utilized split that drives borrow-rate dynamics.

This is the Point-in-Time (PiT) variant of Aave V3: Available Liquidity Volume by Token. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.