A governance proposal would shut deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, and retire 50 asset markets elsewhere. Deposits on some have fallen more than 90%.
- Aave plans to exit six low-usage blockchains, affecting about $98 million in deposits, as part of a broader cleanup of underperforming markets.
- The six chains together account for less than 1% of Aave’s roughly $14 billion in assets and generate under $5,000 in quarterly revenue each, far below the cost of maintaining them.
- Aave will freeze these markets to new activity and make borrowing prohibitively expensive so users unwind positions voluntarily, framing the move as both a cost-cutting and risk-reduction measure.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
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