Nikolas Sargeant
On Thursday, Aave Labs announced via X that Aave V3 is now live on Monad. Thanks to this launch, Aave brings a battle-tested lending and borrowing market to Monad with support for 12 assets on day one.
Monad is a high-performance EVM blockchain built for scale. The initial list of assets for this market includes USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe.
By deploying Aave v3 on Monad, the ecosystem gains a proven liquidity layer that enables lending, borrowing, yield generation, and stablecoin infrastructure. Because of Monad’s full EVM compatibility, Aave can be integrated quickly with minimal changes, making it easier for existing Ethereum builders to adopt.
Together, this positions Aave as the core liquidity engine within Monad, helping attract early users and capital while supporting the next generation of scalable, on-chain financial products.
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
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 $86.00 per token, up 1.3% in the last 24 hours.
The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products is “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction.
