The lending market Aave on the Monad network surpassed $100 million in deposits just two days after its launch on July 2. For many DeFi projects, it takes months to achieve such a result.
On Thursday, the largest DeFi lending protocol launched its V3 version on the Monad network. This is the first official launch of the Aave ecosystem on this blockchain, including lending and borrowing services, as well as the GHO stablecoin.
Aave Bets on Monad’s Speed
The new launch supports 12 assets, including USDT0, USDC, GHO, WETH and cbBTC from Coinbase. But the main strategic change is the expansion of the GHO stablecoin’s presence. Previously, it was only available on Base and Arbitrum networks, and integration with Monad became its first move outside of Ethereum Layer 2.
The rapid growth was no surprise. In the first 24 hours after launch, the protocol attracted over $75 million in deposits. The new launch is another step in Aave‘s multichain strategy aimed at attracting liquidity to emerging blockchain ecosystems.
Aave deposits on Monad exceeded $100 million. Source: TokenLogic.
Monad is a first-layer blockchain compatible with Ethereum. It was created by former Jump Trading engineers, with a focus on speed and the ability to run high-load applications.
The market saw the influx of funds as a signal that users are willing to move capital to networks with cheaper transactions and fast processing, as long as compatibility with Ethereum is maintained.
Monad Foundation to Allocate $15 Million for Ecosystem Development
After the mainnet and MON token launch in November 2025, the Monad team has focused almost entirely on scalability. According to developers, the network can process up to 10,000 transactions per second, and a new block is created in about 800 milliseconds.
According to LlamaRisk, as of June 8, about $359.5 million was locked in DeFi protocols on the network. More than a quarter of this amount was attracted by Aave in just two days after launch.
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Much of this growth is due to an incentive program. According to a proposal by TokenLogic, approved in May, the Monad foundation will allocate $15 million for rewards during the first year of operation and is committed to holding 10 million GHO for more than six months. In turn, Aave DAO will allocate another 500,000 GHO to accelerate the spread of the stablecoin in the network.
The path to launching Aave on Monad began back on February 24, 2026, when the Temp Check proposal was published. The initiative received broad community support, passed all voting stages, and received final approval at the end of June. The launch took place on July 2.
At the same time, LlamaRisk supported the integration but recommended acting cautiously, as the Monad network is only seven months old. Analysts also noted that after a strong start, activity on the network decreased, and most liquidity is concentrated in well-known protocols such as Uniswap, Curve and Morpho.
Meanwhile, Aave V4 set a new record on Saturday, surpassing $250 million in deposits. The updated protocol version was launched on the Ethereum mainnet at the end of March and received a new hub-and-spoke architecture. At that time, CEO Aave Labs Stani Kulechov said the team intends to roll out the update gradually, as with previous versions.
Now the decision to move to V4 is up to the Monad foundation, which must decide whether and when the update will be implemented.
Commenting on the new deposit record, Kulechov said:
“I can’t wait for the moment when Aave grows to $1 billion thanks to increased crypto loan volumes and the development of securities-backed lending.”
Kulechov Expects $50 Trillion ‘Abundance Assets’ Market by 2050
Recently, Stani Kulechov said that by 2050, a new market worth $50 trillion could come to blockchain. He was referring to tokenized assets that can be used as collateral. According to his estimate, $15 trillion to $30 trillion of this amount will come from solar energy.
He gave a simple example. A company builds a solar power plant worth $100 million, tokenizes the project, and immediately gets the opportunity to borrow $70 million against it. This money can be used to build new facilities without waiting for the first one to fully pay off.
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For crypto investors, this is another way to earn not only from coin growth. Instead of speculative assets, it will be possible to invest in real projects and receive income from infrastructure that is already operating in the economy.
According to Kulechov, this model will allow investors to enter projects for several years, lock in profits, and then direct capital to new initiatives. And it’s not limited to solar energy. The same principle can be applied to batteries, robotics, vertical farms, chip manufacturing, and even 3D printing.
Currently, almost $25 billion in real assets are tokenized on blockchain. Mostly these are government bonds, stocks, commodities, private loans, and real estate.
The concept of ‘abundance assets’ is different in that it focuses not on scarce resources, but on industries capable of rapidly increasing production and creating new infrastructure.
