Data: Aave's new Monad market surpassed $100 million in deposits within two days of its launch, and total deposits for V4 exceeded $250 million, setting a new record

According to The Block, the decentralized lending protocol Aave saw its deposit scale surpass $100 million about two days after launching the V3 market on the Monad network. Aave deployed the V3 version on July 3, introducing lending functions and the GHO stablecoin to the network for the first time, initially supporting 12 assets including USDT 0, USDC, GHO, WETH, and cbBTC. Within 24 hours of launch, the deposit scale had already exceeded $75 million.

According to the Aave governance proposal, the Monad Foundation has committed to providing $15 million in incentives over the next 12 months and to purchase and hold 10 million GHO for at least 6 months; the Aave DAO will also provide an additional 500,000 GHO to support the development of the stablecoin ecosystem.

In addition, Aave founder Stani Kulechov stated that the deposit scale of Aave V4 on the Ethereum mainnet has also surpassed $250 million, setting a historical high for this version. He expressed hope that the future deposit scale of V4 will further grow to $1 billion and continue to expand into crypto asset collateralized loans and securities-backed lending businesses.