Aave's Monad lending market topped $100 million in deposits within 48 hours of its July 2 launch. Aave V4 deposits exceeded $250 million, marking a new milestone for the protocol's lending ec
Aave reached two major lending milestones within days as V4 deposits climbed above $250 million and its newly launched Monad market surpassed $100 million. According to Aave and CEO Stani Kulechov, the achievements followed the July 2 Monad deployment, while the protocol continued expanding its lending network and multichain stablecoin strategy.
According to Aave, its lending market on the Monad blockchain exceeded $100 million in deposits within 48 hours of launch. The deployment runs Aave V3.7 and supports 12 assets, including the GHO stablecoin.
The rollout followed a governance process that began with a Temp Check proposal on Feb. 24, 2026. Later, the community approved the deployment before the market officially launched on July 2.
Meanwhile, the Monad Foundation committed $15 million in first-year incentives to support liquidity. In addition, 10 million GHO tokens were bridged and locked for more than six months to seed the lending market.
At the same time, Aave announced that V4 deposits crossed $250 million, marking a new all-time high. Stani Kulechov described the quarter-billion-dollar milestone as a remarkable achievement for the protocol.
According to Kulechov, Aave aims to expand through additional crypto-backed loans and securities-backed lending. He previously highlighted V4 surpassing $1 million in liquidations as another milestone during the protocol's growth.
The latest figures also show V4 continued attracting deposits while the Monad market expanded. As a result, both markets recorded growth during the same period.
The Monad deployment also broadened GHO's availability beyond Ethereum Layer 2 networks. Previously, the stablecoin had launched on Base and Arbitrum before reaching the new Layer 1 ecosystem.
According to the provided information, the multichain rollout expands GHO's role as collateral, a borrowing asset, and a trading pair. Furthermore, the deployment supports broader access to Aave's lending markets across multiple blockchain networks.
Monad launched its mainnet and MON token in November 2025. The network targets 10,000 transactions per second with approximately 800-millisecond transaction finality.
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