Aave CEO Stani Kulechov has suggested that DeFi’s largest lending platform might launch its own blockchain, the Aave Network, in 2025.
Following the upcoming V4 upgrade, Aave plans to introduce its own blockchain, named Aave Network. With the protocol’s impressive $13 billion in total value locked (TVL), this new network could become one of the largest Layer 2 solutions in the DeFi space.
On May 1, Aave announced its V4 iteration, which features a unified cross-chain liquidity layer and liquidity premiums.
Yesterday, after speculation from Aave DAO members on social media, Kuleshov posted, “This is not a drill, Aave Network is planned to come after V4.”
When asked about the V4 timeline, Kulechov responded, “Next year for sure.” While details about the Aave Network are limited, it is expected to be secured by Ethereum and serve as a hub for the Aave Protocol and its native stablecoin, GHO.
The Aave community is excited by the news, with notable figures such as Marc Zeller, founder of the Aave-Chan Initiative (ACI), commenting, “It would also be the 3rd largest ‘chain’ after Ethereum and Tron.”
Aave’s TVL has increased by 21% over the last month, and its AAVE governance token has risen 9% this week, outperforming other established DeFi protocols like Lido and Maker.
