Aave is shutting down six V3 markets, offboarding 50 low-use reserves across Sonic, Scroll, zkSync, Metis, Soneium, and Aptos. $98.1 million supplied and $15.6 million in debt are affected.
LlamaRisk, an Aave risk provider, recommended the wind-down due to low liquidity and revenue. Aptos, for example, saw a 94% liquidity drop in six months and quarterly revenue under $1,000, just 11 months post-launch.
This isn't a multichain retreat. Aave is getting serious about capital efficiency and risk, cutting dead weight to focus on what works. This is a good signal for core DeFi health, the cost of doing business in a crowded market.
$AAVE needs to reclaim EMA20 at 92.18 to show strength. Lose 90.47 and the 7-day low is next. $AAVE $APT
LlamaRisk, an Aave risk provider, recommended the wind-down due to low liquidity and revenue. Aptos, for example, saw a 94% liquidity drop in six months and quarterly revenue under $1,000, just 11 months post-launch.
This isn't a multichain retreat. Aave is getting serious about capital efficiency and risk, cutting dead weight to focus on what works. This is a good signal for core DeFi health, the cost of doing business in a crowded market.
$AAVE needs to reclaim EMA20 at 92.18 to show strength. Lose 90.47 and the 7-day low is next. $AAVE $APT