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Aave Expands to Sony Backed Soneium L2
Aave has deployed its decentralized finance protocol on Soneium, an Ethereum layer two (L2) developed by Sony Block Solutions Labs.
Sony’s Soneium Welcomes DeFi Giant Aave to Its L2 Network
Aave, a major decentralized finance (defi) protocol, has launched on Soneium, a new Ethereum L2 developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group. The deployment follows a community governance proposal approving the integration.
The move, according to the announcement shared with Bitcoin.com News, marks Aave’s expansion into a network geared toward consumer-facing applications. Soneium has recorded over 133 million onchain transactions and more than 6.6 million unique wallet addresses since its launch.
The project aims to bridge mainstream users with decentralized applications through a broader Web3 ecosystem. The integration, according to the release, supports USDT0, USDC.e, and WETH, with each asset configured with risk parameters for capital efficiency and protocol security.
This setup aligns with Aave’s strategy of providing foundational lending and borrowing infrastructure across multiple blockchain environments. Aave’s deployment on Soneium coincides with a liquidity incentive program coordinated with Astar’s Contribution Score.
The campaign includes a 100 million ASTR allocation, valued at approximately $4 million, aimed at increasing defi participation and onboarding new users. Further collaboration is under review, including the potential integration of GHO, Aave’s decentralized stablecoin.