Hassan Maishera
Chainlink announced via X on Saturday that Aave has officially adopted Chainlink SVR on Arbitrum and Base in a near-unanimous vote to increase DAO revenue.
This development builds upon Aave’s successful use of SVR on Ethereum, which has already recaptured $16.7M+ in non-toxic liquidation MEV. Chainlink SVR is a novel oracle solution, built with Bgdlabs, that enables DeFi apps to recapture non-toxic liquidation MEV.
The recent acquisition of Atlas accelerated SVR's presence across a growing number of blockchain ecosystems, bolstering revenue and security for Aave. Chainlink SVR is now live across Arbitrum, Base, BNBCHAIN, Ethereum, and HyperliquidX’s HyperEVM.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and a market leader powering the majority of decentralized finance (DeFi). Chainlink stands to benefit most from emerging blockchain industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 2.27% over the past 24 hours, trading at $8.69.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $98.39 per token, up 1.3% in the last 24 hours.
