{"id":24252,"date":"2026-07-06T04:53:48","date_gmt":"2026-07-06T04:53:48","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2026\/07\/06\/aave-v3-7-launches-on-monad-as-network-tvl-nears-450m\/"},"modified":"2026-07-06T04:53:48","modified_gmt":"2026-07-06T04:53:48","slug":"aave-v3-7-launches-on-monad-as-network-tvl-nears-450m","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2026\/07\/06\/aave-v3-7-launches-on-monad-as-network-tvl-nears-450m\/","title":{"rendered":"Aave V3.7 Launches on Monad as Network TVL Nears $450M"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Aave has officially deployed Aave Protocol v3.7 on Monad on July 2, opening an additional lending and borrowing market on this EVM-compatible Layer 1 after receiving approval from Aave governance. The launch comes as Monad\u2019s DeFi Total Value Locked (TVL) approaches $450 million, according to DeFiLlama data, while Aave\u2019s Monad market quickly surpassed $100 million in total market size following its initial deployment phase.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aave_V37_Launches_on_Monad\"\/><b>Aave V3.7 Launches on Monad<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Aave went live on Monad with Aave Protocol version v3.7 after securing approval through Aave governance, according to an <\/span><a href=\"https:\/\/blog.monad.xyz\/blog\/aave-live-on-monad\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">announcement from the Monad Foundation<\/span><\/a><span style=\"font-weight: 400;\"> on July 2. The deployment opens an additional lending and borrowing market for Monad users, supporting 12 assets from day one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The list of supported assets includes USDT0, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe. This selection covers stablecoins, ETH liquid staking assets, BTC wrappers, and yield-bearing collateral, establishing a foundation for both asset supply and borrowing activities on Aave.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The arrival of Aave adds a major lending protocol to the Monad ecosystem, where borrowing and lending markets have begun to form alongside the growth of on-chain liquidity.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monad_Market_Tops_117M\"\/><b>Monad Market Tops $117M<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Aave\u2019s Monad market has reached a total market size of $117.56 million, according to data from the Aave app. Within this, available liquidity is $69.08 million, while total borrowings are $48.47 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This momentum follows the $75 million deposit milestone within the first 24 hours post-launch, announced by Aave on X on July 3. In the same update, Aave stated that deposits on Monad had neared $80 million.<\/span><\/p>\n<div id=\"attachment_162445\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162445\" class=\"lazyload size-full wp-image-162445\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/07\/HMT3ftxW4AANG_3.jpeg\" alt=\"Aave V3 on Monad.\" width=\"1200\" height=\"1200\"\/><\/p>\n<p id=\"caption-attachment-162445\" class=\"wp-caption-text\">Aave V3 on Monad. Source: Aave<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Total market size reflects the amount of assets supplied to Aave on Monad, while borrows show the portion of liquidity that users have borrowed. With $48.47 million in total borrowings, the amount of borrowed assets currently equates to over 40% of the total market size, indicating that the market experienced early two-way activity after launch. For a newly deployed lending protocol on a new chain, the noteworthy point is not only the volume of supplied assets but also the speed at which liquidity began to be utilized by borrowers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monad_TVL_Nears_450M\"\/><b>Monad TVL Nears $450M<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Monad recorded approximately $449.84 million in DeFi TVL according to DeFiLlama data, placing the network among the chains with significant on-chain liquidity during its early mainnet phase.<\/span><\/p>\n<div id=\"attachment_162444\" style=\"width: 2366px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162444\" class=\"size-full wp-image-162444\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-05-at-14.36.53.jpg\" alt=\"Monad\u2019s Total Value Locked.\" width=\"2356\" height=\"824\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-162444\" class=\"lazyload size-full wp-image-162444\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-05-at-14.36.53.jpg\" alt=\"Monad\u2019s Total Value Locked.\" width=\"2356\" height=\"824\"\/><\/p>\n<p id=\"caption-attachment-162444\" class=\"wp-caption-text\">Monad\u2019s Total Value Locked. Source: DeFiLlama<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Aave joins Monad at a time when the lending market on this network already sees the presence of multiple other protocols. According to data from DeFiLlama, Euler V2, Morpho Blue, and Curvance are all among the major lending markets on Monad by TVL.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This competition makes Aave\u2019s deployment not just an addition of a major lending venue to Monad, but also a test of Aave\u2019s ability to attract liquidity within an ecosystem that already offers multiple borrowing and lending options.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stablecoin_Borrowing_Leads_Early_Activity\"\/><b>Stablecoin Borrowing Leads Early Activity<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Borrowing activity on Aave\u2019s Monad Market is predominantly concentrated in the stablecoin sector. According to Aave app and DeFiLlama data, USDT0 recorded approximately $20.2 million borrowed, USDC around $16.0 million, AUSD around $5.0 million, and mUSD around $4.1 million. WETH also saw over $3 million borrowed, but stablecoins still account for the majority of borrowing activity in the early phase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">syrupUSDC is currently the asset with the largest supply in the market, at approximately $46.85 million. This structure indicates that Aave\u2019s initial liquidity on Monad tilts toward stablecoins and yield-bearing collateral, rather than being evenly distributed across all 12 supported assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Monad Foundation stated that subsequent phases could add Pendle PT assets and Fastlane\u2019s LST. Expanding the asset list could help Aave move beyond the initial stablecoin borrowing demand, especially if demand for yield assets and liquid staking collateral continues to rise on Monad.<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/aave-v3-7-launches-on-monad-network-tvl-nears-450m\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=aave-v3-7-launches-on-monad-network-tvl-nears-450m\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aave has officially deployed Aave Protocol v3.7 on Monad on July 2, opening an additional lending and borrowing market on this EVM-compatible Layer 1 after receiving approval from Aave governance. The launch comes as Monad\u2019s DeFi Total Value Locked (TVL) approaches $450 million, according to DeFiLlama data, while Aave\u2019s Monad market quickly surpassed $100 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2026\/07\/0407-2.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24252"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=24252"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/24252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/24253"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=24252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=24252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=24252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}