Aave Weighs Closing V3 Markets on Six Blockchains

July 31, 2026 · DeFi · CryptoRefuge Team

Aave's governance proposal would wind down the lending protocol's V3 markets on six blockchains, including Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, and retire dozens of low-use token listings.

$98.1M in supplied assets and $15.6M in debt are currently locked on the affected markets.

Live market snapshot (at publish): AAVE $97.56 (+2.0% 24h)

RugShield security check — Aave Token (AAVE): Contract grade AAA · Speculative risk LOW · full on-chain scan

The proposal, which has received 923,400 votes in favor, aims to reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.

"reduce Aave’s economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework."

Liquidity on the six blockchains has declined by 94% in recent months, prompting the proposal to also retire 50 low-use reserves and 21 matured Pendle principal token listings.

11 months of data show a consistent decline in usage on the affected markets.

The market impact of the proposal is likely to be negative, as the closure of V3 markets and retirement of low-use token listings may lead to a decrease in overall liquidity and trading activity.

$2M annual revenue floor is expected to be maintained despite the proposed changes.

As the DeFi lending protocol evolves, the proposal marks a step towards reducing risk and increasing efficiency.

Analysis: If implemented, the proposal may lead to a shift in market dynamics, with users migrating to other lending protocols or markets. The closure of V3 markets on six blockchains may decrease overall market liquidity, negatively impacting the price of AAVE and other related tokens.

The Aave community awaits the next steps, expected to be announced in the coming weeks, with a key date to watch being December 5, when the proposal is expected to be implemented if approved.