AAVE JUST HIT $100M DEPOSITS ON MONAD IN 48 HOURS š
Aave V3 launched on Monad, the high-speed L1 from ex-Jump Trading engineers, and deposits crossed $100M in just two days. Thatās over a quarter of Monadās entire TVL. The main driver? A $15M Monad Foundation liquidity incentive plus a commitment to hold 10M GHO for six months.
Meanwhile, Aave V4 on Ethereum just hit $250M deposits since late March. AAVE sits at $89 with a $1.32B market cap ā still quiet relative to the on-chain activity. Monadās on-chain action has cooled since mainnet, meaning most of this flow is incentive-driven right now.
Is this short-term farming or the start of real adoption?
Not financial advice. Always manage your risk.
#AAVE #DeFi #Monad #TVL #LiquidityIncentive
š„
Aave V3 launched on Monad, the high-speed L1 from ex-Jump Trading engineers, and deposits crossed $100M in just two days. Thatās over a quarter of Monadās entire TVL. The main driver? A $15M Monad Foundation liquidity incentive plus a commitment to hold 10M GHO for six months.
Meanwhile, Aave V4 on Ethereum just hit $250M deposits since late March. AAVE sits at $89 with a $1.32B market cap ā still quiet relative to the on-chain activity. Monadās on-chain action has cooled since mainnet, meaning most of this flow is incentive-driven right now.
Is this short-term farming or the start of real adoption?
Not financial advice. Always manage your risk.
#AAVE #DeFi #Monad #TVL #LiquidityIncentive
š„
