Aave (AAVE) is a cryptocurrency and operates on the Ethereum platform. Aave has a current supply of 16,000,000 with 15,072,223.74805277 in circulation. The last known price of Aave is 263.39740736 USD and is up 2.82 over the last 24 hours. It is currently trading on 1013 active market(s) with $287,218,645.56 traded over the last 24 hours. More information can be found at https://aave.com/.
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AAVE, one of the leading decentralized finance (DeFi) platforms, has been experiencing notable developments in its ecosystem. Over the past year, the platform has witnessed significant growth, with net deposits exceeding $20 billion.
Spot On Chain data has revealed that The Ethereum Foundation supplied 10,000 ETH each to Spark and Aave, valued at approximately $53.4 million. The foundation has supplied 30,800 ETH in total to Aave today, worth a little over $85 million, with 10,000 ETH going to Aave Prime and 20,800 ETH going to Aave Core.
TL;DR Aave proposes deploying on Soneium, a Layer 2 blockchain by Sony, to leverage its scalable infrastructure and extensive distribution network. The integration aims to attract new users and deepen liquidity, enhancing Aave's position and expanding DeFi opportunities on Soneium.