Aave, the largest DeFi lending protocol with $14.3 billion in deposits, is deprecating 50 low-adoption asset reserves and fully winding down six chains (Sonic, Scroll, zkSync, Metis, Soneium and Aptos) under a governance proposal posted by LlamaRisk. This impacts $98.1 million in supplied assets and $15.6 million in outstanding debt, representing less than 1% of the protocol’s deposits. The six retiring chains saw deposit declines ranging from 74% to 95% over six months, each generating under $5,000 in quarterly protocol revenue, insufficient to cover operational costs. Meanwhile, Aave V4 deposits nearly doubled over the past month, illustrating the protocol’s strategy to focus on high-value markets while reducing its risk surface.
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