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The top lending platform in decentralized finance (DeFi) is now on the BNB Chain.<\/p>\n
In a thread<\/a> on social media platform X, BNB<\/a> Chain says money market protocol Aave (AAVE<\/a>) is now integrated into its network.<\/p>\n \u201cWe\u2019re thrilled to announce that Aave, the largest DeFi money market protocol, has officially joined the BNB Chain ecosystem. <\/em><\/p>\n Aave\u2019s integration is powered by strong governance support from the community. This aligns with BNB Chain\u2019s commitment to decentralized decision-making, putting the power in the hands of the users.\u201d<\/em><\/p>\n Aave is currently the largest DeFi lending protocol with $8.598 billion in total value locked (TVL), according to DeFi data aggregator DeFi Llama<\/a>.<\/p>\n With its launch on the BNB Chain, Aave joins the roster of DeFi platforms in the blockchain\u2019s ecosystem, which include Uniswap (UNI<\/a>), Ambit Finance (AMBT), PancakeSwap (CAKE<\/a>) and Lista DAO.<\/p>\n BNB Chain says the development will benefit the users of both Aave and its network.<\/p>\n \u201cWith Aave on board, BNB Chain users gain access to a leading lending platform and enhanced liquidity. FDUSD ensures robust liquidity from day one, enabling users to dive into a world of DeFi possibilities.<\/em><\/p>\n Aave users now enjoy BNB Chain\u2019s competitive fees and seamless integration with one of the largest DeFi ecosystems; creating new opportunities and synergies between the two communities.\u201d<\/em><\/p>\n AAVE and BNB see modest price jumps following the announcement. BNB is currently worth $382.15, up by 1.01% over the past 24 hours, while AAVE is changing hands for $92.45, up by 0.50%.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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