Aave, the biggest decentralized lending protocol, is contemplating a proposal to desert six of the blockchains it had expanded onto, in a cleanup affecting about $98 million in deposits. The proposal would see Aave retire “low-adoption” asset markets and 21 expired Pendle principal tokens throughout 11 Aave deployments, whereas shutting down its presence on Sonic, Scroll, zkSync, Metis, Soneium and Aptos fully.
The arguments relies on economics. Every of the six deployments now generate lower than $5,000 1 / 4. Metis, Soneium and Aptos herald beneath $1,000 every, in keeping with the proposal. That doesn’t cowl the price of operating them, which incorporates sustaining value feeds, liquidation programs and monitoring for every market.
For context, Aave’s Ethereum mainnet deployment generates greater than $142 million a yr and Base about $4.7 million, whereas Metis produces roughly $3,000.
Deposits have collapsed throughout all six over six months. Soneium fell 95%, accessible liquidity on Aptos dropped 94%, zkSync declined 88% to about $844,000, Scroll fell 86% to roughly $2 million, Metis dropped 79%, and Sonic, the biggest of the group, fell 74% to simply beneath $8 million.