Aave's Monad Market Tops $100 Million in Deposits After V3 Deployment

Aave’s newly launched market on Monad surpassed $100 million in deposits on Saturday morning, according to TokenLogic in a post on X. According to NS3.AI, Aave deployed its V3 protocol on Monad on Thursday, enabling lending and borrowing services and adding support for its GHO stablecoin. The deployment proposal also included $15 million in incentives from the Monad Foundation over the first 12 months.