Aave V3 is Officially Available in Celo! DeFi is Now Easier for Mobile Users

Jakarta, Pintu News – Aave V3, the leading decentralized liquidity protocol, is now officially present on the Celo network. This integration opens wider access for Celo users to utilize DeFi services, including lending, borrowing, and digital asset staking with very low transaction fees.

The launch is a result of the approval of the Aave AAVE->Current AAVE PriceRp 0Market Cap-Trading Volume-Circulating Supply- community, who saw great potential in Celo’s mobile-focused ecosystem.

Featuring one-block finality and a transaction time of just one second, Celo (CELO) offers a fast and efficient user experience in accessing blockchain-based financial services.

Positive Impact on Aave and Celo Ecosystems

With the presence of Aave V3 on Celo, users can now use various assets as collateral, including Celo (CELO), Tether USDT->Current USDT PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and USD Coin USDC->Current USDC PriceRp 0Market Cap-Trading Volume-Circulating Supply-. In addition, they can also borrow assets such as cUSD and cEUR, the two main stablecoins in the Celo ecosystem.

Read also: Ethena Labs & Securitize Launch Blockchain Converge for Crypto Revolution

According to Aave Labs founder Stani Kulechov, this integration will bring new communities into the Aave ecosystem, especially from emerging markets that rely on mobile devices for financial transactions.

“Aave’s deployment of Celo has the potential to bring a large community of new people into the Aave ecosystem, reach mobile-first users in emerging markets, connect real-world assets to DeFi, and accelerate the use of stablecoins for simple transactions,” said Aave Labs Founder Stani Kulechov.

This move is also expected to connect real-world assets (RWAs) into the DeFi system, as well as accelerate the adoption of stablecoins for everyday transactions.

Huge Support from Crypto Communities and Figures

The launch of Aave V3 on Celo has the full support of various parties in the crypto industry.

Isha Varshney, Head of Ecosystem at Celo Foundation, emphasized that Aave’s presence will help realize Celo’s mission of providing efficient and accessible financial tools to the global community.

Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- co-founder Vitalik Buterin also praised the rapid development of the Celo network. He noted that the use of stablecoins on Celo has helped the network surpass Tron TRX->Current TRX PriceRp 0Market Cap-Trading Volume-Circulating Supply- in the number of daily active addresses.

According to him, increasing global access to payments and financial services is one of the main ways Ethereum can have a positive impact on the world.

Direct Benefits for Users and Developers

Aave’s integration into Celo brings a range of benefits to both users and developers. For users, they now have access to a proven DeFi lending protocol, increased ecosystem liquidity, investment opportunities with competitive returns, and wider adoption of DeFi in emerging markets.

Meanwhile, developers in the Aave ecosystem can now reach a large mobile-first user base on Celo, take advantage of the low transaction fees, as well as explore further integration possibilities with stablecoins and tokenized assets in the Celo ecosystem.

Read also: YZi Labs Supports Plume Network: The Future of Real-World Assets on Blockchain!

The Future of Aave and Celo in the DeFi Ecosystem

Aave’s decision to integrate with Celo marks a strategic step in expanding DeFi’s reach to a wider market.

With a total value locked (TL) of IDR 1.13 quadrillion (USD 17.486 billion), Aave continues to prove itself as a major player in the crypto industry.

Meanwhile, Celo also experienced rapid growth, with a total TVL of IDR 1.19 trillion (USD 72.02 million) in the DeFi sector.

With an ever-evolving ecosystem, both Aave and Celo are poised to play a key role in a more inclusive and affordable digital financial future for everyone.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CryptoNews. Aave V3 Is Now Live on Celo. Accessed March 19, 2025.
• Darya Nassedkina. Aave V3 Goes Live on Celo, Expanding DeFi to Mobile-First Users. Accessed March 19, 2025.