- Aave CEO Stani Kulechov made a suggestion that Aave Network would debut in 2025 on DeFi’s biggest lending platform.
Aave plans to release its own blockchain, called Aave Network, following the release of its next V4 upgrade. With $13 billion in total value locked (TVL) in the lending protocol, the suggested network might grow to be among the biggest Layer 2 solutions in DeFi.
Aave debuted its V4 version, which includes liquidity premiums and a uniform cross-chain liquidity layer, on May 1.
This is not a drill: Aave Network is scheduled to launch after V4, as Aave CEO Stani Kulechov stated on social media yesterday in response to rumors circulated by Aave DAO members.
In response to a query regarding the release window for V4, Kulechov wrote, “Next year for sure.” Although there isn’t much information on the proposed Aave Network available to the public, it’s assumed that Ethereum would protect the network and serve as a hub for the Aave Protocol and its native stablecoin, GHO.
The revelation thrilled the Aave community, as evidenced by the statements made by people like Marc Zeller, the Aave-Chan Initiative (ACI) creator, who stated, “It would also be the third largest “chain” after Ethereum and Tron.”
The last month has seen a 21% growth in Aave’s TVL. Its AAVE governance coin, however, has increased by 9% over the past week, outperforming other well-known DeFi protocols like Maker and Lido.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
