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Home»ALTCOIN NEWS»Decentralized Financial Money Market Protocol Aave Launches on BNB Chain
ALTCOIN NEWS

Decentralized Financial Money Market Protocol Aave Launches on BNB Chain

By Crypto FlexsFebruary 23, 20242 Mins Read
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Decentralized Financial Money Market Protocol Aave Launches on BNB Chain
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The leading lending platform in decentralized finance (DeFi) is now on the BNB Chain.

in line BNB Chain revealed on social media platform X that money market protocol Aave (AAVE) has now been integrated into the network.

“We are excited to announce that Aave, the largest DeFi money market protocol, has officially joined the BNB Chain ecosystem.

Aave’s integration is achieved through strong governance support from the community. “This is consistent with BNB Chain’s commitment to empowering users through decentralized decision-making.”

Aave is currently the largest DeFi lending protocol, with total value locked (TVL) of $8.598 billion, according to DeFi data aggregator DeFi Llama.

With the launch of BNB Chain, Aave joins the growing list of DeFi platforms in the blockchain ecosystem that includes Uniswap (UNI), Ambit Finance (AMBT), PancakeSwap (CAKE), and Lista DAO.

BNB Chain said this development will benefit both Aave and users of its network.

“Aave gives BNB Chain users access to a leading lending platform and enhanced liquidity. FDUSD guarantees strong liquidity from day one, allowing users to dive into the world of DeFi possibilities.

Aave users can now enjoy competitive fees on the BNB chain and seamless integration with one of the largest DeFi ecosystems. “It creates new opportunities and synergies between the two communities.”

AAVE and BNB saw slight price increases following the announcement. BNB is currently worth $382.15, up 1.01% over the last 24 hours, while AAVE is trading at $92.45, up 0.50%.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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