22, February 2024 – <a href="https://www.bnbchain.world/" rel="noopener noreferrer nofollow">BNB Chain</a>, the community-driven blockchain ecosystem that includes the <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="noopener noreferrer nofollow">world’s largest smart contract blockchain</a>, today announced that Aave, the largest decentralized finance (DeFi) money market protocol, has deployed on its network.With strong governance support from the community, the launch sees Aave joining the growing BNB Chain DeFi ecosystem, alongside industry heavyweights like Uniswap, Ambit Finance, PancakeSwap and Lista DAO. As a result, the BNB Chain&#39;s DeFi ecosystem is expanding, showcasing its diversity, fostering collaboration, and opening new avenues for users on both platforms.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e1dba5d269e14c218b233146902d942b.jpg" />The arrival of Aave brings multiple benefits to the BNB Chain community with users having access to an industry leading lending platform. With strong liquidity on FDUSD, users can engage in more DeFi related activities on BNB Chain. In addition, the Aave community will benefit from being integrated with one of the largest DeFi ecosystems and have access to BNB Chain’s low fees.The new lending platform on BNB Chain not only complements the ecosystem but also aligns with BNB Chain’s strategy set out in its recently released <a href="https://www.bnbchain.org/en/blog/bnb-chain-2024-tech-roadmap" rel="noopener noreferrer nofollow">2024 outlook</a>. In the outlook report, BNB Chain outlines its focus on mass adoption by targeting high-frequency DeFi applications, amongst others. In addition, the outlook also introduces “One BNB”, “opBNB Connect” and reminds users of the upcoming <a href="https://www.bnbchain.org/en/bnb-chain-fusion" rel="noopener noreferrer nofollow">BNB Chain Fusion</a> which will retire the Beacon Chain to improve network efficiency.The BNB Chain Core Development Team shared that: “Aave&#39;s arrival enriches BNB Chain users and developers with access to a wide array of DeFi possibilities. The community can explore new lending and borrowing options and benefit from increased liquidity, accelerating a more inclusive and dynamic ecosystem.”Marc Zeller, founder of the ACI, commented: “We are excited to welcome fdUSD to Aave V3 and launch Aave on BNB Chain. This integration opens up new possibilities for Aave users and Aave DAO aims to be a key protocol in the BNB Chain ecosystem. We believe this addition will contribute to the overall growth and adoption of DeFi”.###About BNB Chain<a href="https://www.bnbchain.org/en" rel="noopener noreferrer nofollow">BNB Chain</a> is a community-driven blockchain ecosystem that seeks to remove barriers to Web3 adoption. Powered by BNB, it includes the world’s largest L1 blockchain, the EVM-compatible <a href="https://www.bnbchain.org/en/smartChain" rel="noopener noreferrer nofollow">BNB Smart Chain</a>, and fosters a multi-chain ecosystem with <a href="https://greenfield.bnbchain.org/en" rel="noopener noreferrer nofollow">BNB Greenfield</a> and <a href="https://opbnb.bnbchain.org/en" rel="noopener noreferrer nofollow">opBNB</a>. Offering ultra-low gas fees and superior TPS, the BNB Chain ecosystem hosts <a href="https://dappbay.bnbchain.org/" rel="noopener noreferrer nofollow">thousands of dApps</a> across DeFi, metaverse, gaming, SocialFi, NFTs and infrastructure, each of which add value to its ecosystem.BNB Chain fosters impactful Web3 innovation with its <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="noopener noreferrer nofollow">BNB Chain Builder Support Program</a>. This includes the <a href="https://www.bnbchain.org/en/bsc-mvb-program" rel="noopener noreferrer nofollow">MVB accelerator program</a>, run in partnership with Binance Labs and CMC Labs.For more, follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="noopener noreferrer nofollow">Twitter</a>.

BNB Chain Expands DeFi Ecosystem; Welcomes Aave, The Most Popular DeFi Leading Protocol

BNB Chain

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