Aave

Ethereum

Reported by The Defiant, Aave is looking to launch its own blockchain, dubbed Aave Network, after its forthcoming V4 upgrade. Given the lending protocol’s $13 billion in total value locked (TVL), the proposed network could potentially become one of the largest Layer 2 solutions in DeFi.
On May 1, Aave unveiled its V4 iteration featuring a unified cross-chain liquidity layer and liquidity premiums.
Yesterday, following speculation from Aave DAO members on social media, Aave CEO Stani Kulechov posted, “This is not a drill, Aave Network is planned to come after V4.”
When questioned on the timeline for V4, Kulechov continued, <a rel="noopener noreferrer nofollow" target="_blank" href="https://x.com/StaniKulechov/status/1795176660939006194">posting</a>, “Next year for sure.” While there is little information publicly available on the potential Aave Network, it is presumed that the network will be secured by Ethereum and act as a hub for both Aave Protocol and its native stablecoin, <a rel="noopener noreferrer nofollow" target="_blank" href="https://gho.xyz/">GHO</a>.
The Aave community was excited by the news, with figures such as Marc Zeller, founder of the Aave-Chan Initiative (ACI), <a rel="noopener noreferrer nofollow" target="_blank" href="https://x.com/lemiscate/status/1794999405096927738">saying</a>, “It would also be the 3rd largest “chain” after Ethereum and Tron.”

Aave Plans to Launch own Blockchain After V4 Upgrade

TokenInsight

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