🌎 Aave Plans Expansion Amid Record Growth

Aave Looks to Build on Record Year with Ambitious 2025 Plans

Aave, a leading decentralized finance (DeFi) protocol, is poised for an even bigger year in 2025, following a year of key milestones and record-breaking growth. The protocol, which allows users to earn interest on deposits and borrow assets, is eyeing further expansion and innovation.

Key Milestones in 2024

In its year-end review, Aave highlighted several key milestones, including the introduction of Aave 2030 and V4. The proposal for V4 focuses on the strategic evolution of Aave across DeFi, with improved modularity, reduced governance overhead, capital efficiency, and innovative liquidity rollouts.

Other notable achievements in 2024 include the launch of new markets and a record-breaking total value locked (TVL) of $35 billion, with net deposits hitting $35 billion and new markets adding a combined value size of $2.55 billion. These new markets included Aave DAO’s expansion to Scroll, BNB Chain, ZKSync Era, and Ether.fi.

Future Plans and Expansion

In 2025, Aave DAO governance approval will see more than six new chains added, including targeted integrations with Sonic, Mantle, Linea, Botanix Labs’ Spider Chain, and Aptos. Additionally, the decentralized overcollateralized stablecoin native to the Aave protocol, GHO, will look to expand cross-chain after debuting on Arbitrum in 2024. GHO is set to go live on Base and Avalanche in the coming months.

Aave Token Performance

The Aave token saw its price rise to highs of $385 in the past 12 months, a peak last seen in September 2021. While the token has pared recent gains, its current price is more than 183% up in the past year and about 52% off its all-time high above $661 reached in May 2021.

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