menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Aave’s Str...
source image

TronWeekly

2w

read

357

img
dot

Image Credit: TronWeekly

Aave’s Strategic Expansion to Sonic Blockchain Boosts DeFi Growth and Revenue Models

  • Aave deployed V3 on Sonic blockchain, expanding to a high-performance blockchain with $15M in liquidity.
  • The strategic partnership allows Aave to strengthen its position in the DeFi ecosystem and benefit from Sonic's revenue-sharing model.
  • Aave's move to Sonic marks its first Layer 1 expansion in 2025 and enables users to lend and borrow assets on this high-performance network.
  • Aave ceased lending services on Polygon's Proof of Stake chain and shifted its focus to Sonic following risk concerns tied to a rejected Polygon proposal.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app