Hassan Maishera
On Tuesday, Aave Labs announced via X that Aave swap adapters are live on Sonic Labs. With this launch, users can now repay borrow positions, swap collateral or borrow assets, and withdraw and swap assets.
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 $327.54 per token, up 3% in the last 24 hours.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its S coin is up 4.9% in the last 24 hours and is currently trading at $0.3581.
