Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Aave Targets Mainstream with Soneium Deployment

Aave Targets Mainstream with Soneium Deployment

AltcoinbuzzAltcoinbuzz2025/02/12 00:00
By:By Victor -Victor -

Mingshi S. has proposed an exciting new opportunity for Aave

This proposal , part of a “Temperature Check,” aims to gauge community interest in tapping into Soneium’s ecosystem.

Soneium is designed for mainstream adoption with a focus on DeFi, gaming, NFTs, and entertainment applications.

Soneium: A Gateway to Mainstream DeFi Adoption

This new chain was built using OP Stack technology. It offers a highly scalable, low-cost, and interoperable infrastructure for decentralized finance. Within three weeks of its launch, Soneium has already achieved remarkable milestones. This includes over 10 million on-chain transactions, 2 million unique wallets, and $45 million in total value secured. The proposal suggests that Aave could position itself as the leading liquidity market on Soneium. Also, it will leverage Sony’s vast distribution network to reach a wider audience.

This deployment represents an opportunity to bring Aave to the doorstep of Sony’s massive user base. This will integrate DeFi into real-world use cases. With Soneium’s established network and a planned $4 million (100 million ASTR) ecosystem-wide liquidity incentive campaign. So, Aave could attract a wave of new users and deepen liquidity on the platform.

A proposal to deploy Aave V3 on Sony’s blockchain, @soneium , is live.

Built with @Optimism , Soneium offers scalable, low-cost, infrastructure for DeFi protocols. pic.twitter.com/OKzwIy7al9

— Aave (@aave) February 10, 2025

The proposal also highlights Soneium’s plans to adopt Aave’s GHO stablecoin. Particularly for real-world use cases like JPY-USD on-chain carry trades.

More About Aave

GHO , Aave’s native stablecoin, is now live on Base, powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This means that users can bridge, borrow, and supply GHO on Base. As the largest liquidity protocol on Base, Aave serves hundreds of thousands of users.

GHO is live on @Base , enabled by @Chainlink CCIP.

Bridge, borrow, and supply GHO on one of Ethereum’s fastest-growing L2s. pic.twitter.com/WdkoiHw5vx

— Aave (@aave) February 10, 2025

The integration brings Aave’s stablecoin to a thriving DeFi ecosystem. This will unlock new opportunities for users to access low-cost borrowing and lending. GHO’s initial supply cap is set at 2.5 million, with a borrow cap of 2.25 million. So, this will support sustainable growth as Base continues to attract more activity and users.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Why a US crypto strategic reserve would need active management

Basic strategy might work if it’s only bitcoin, but otherwise it could get ugly fast

Blockworks2025/02/12 05:00