Aave Launches Services on Soneium Ethereum Layer 2 Network

Coin WorldTuesday, Jun 10, 2025 8:29 pm ET
1min read

Aave, a prominent decentralized finance (DeFi) protocol, has announced the launch of its services on Ethereum Layer 2 (L2) network, Soneium. This development is supported by Sony and includes participation in liquidity incentive programs such as the Astar chain. The Soneium ecosystem has already attracted over 7 million users and has integrated major protocols like Uniswap v4 and Lido.

The collaboration between Aave and Soneium is strategic, as both parties are exploring the use of Aave's over-collateralized stablecoin, GHO, in various scenarios including payment, savings, and e-commerce. Aave founder Stani Kulechov highlighted that Soneium's consumer-focused approach, combined with Sony's global brand influence, presents a unique opportunity for Aave to attract mainstream users. This move is expected to enhance the accessibility and usability of DeFi services, potentially drawing in a broader audience beyond the traditional crypto enthusiasts.

This partnership signifies a significant step forward for Aave in expanding its reach and integrating with mainstream financial services. By leveraging Soneium's user base and Sony's brand recognition, Aave aims to make DeFi more accessible and user-friendly. The integration of GHO stablecoin in everyday financial activities could pave the way for wider adoption of DeFi solutions, bridging the gap between traditional finance and decentralized platforms.