Aave's Monad Market Tops $100M in Deposits Two Days After Launch

AAVE2.52%
MON-1.20%
USDC-0.01%
GHO0.14%

According to TokenLogic, Aave's newly launched Monad market surpassed $100 million in deposits on Saturday morning (July 2), roughly two days after the lending protocol went live on Thursday. Deposits hit $75 million within the first 24 hours.

The V3.7 deployment supports 12 assets including USDT, USDC, GHO, WETH, and cbBTC. The Monad Foundation committed $15 million in incentives over 12 months and agreed to hold 10 million GHO, while the Aave DAO pledged 500,000 GHO to support stablecoin adoption on the network.

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