Aave Seeks to Ditch Underperforming Blockchains Amid Revenue Decline

Aave, the largest decentralized lending protocol, is considering a proposal to abandon six low-performing blockchains that earn less than $5,000 in revenue per quarter.

The affected chains are Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, which collectively hold around 1% of Aave's assets, or approximately $13 million in deposits, compared to its total of roughly $14 billion across 23 chains.

Aave's Ethereum mainnet deployment generates over $142 million per year, while the six proposed-to-be-abandoned blockchains bring in less than $5,000 each per quarter. Metis, Soneium, and Aptos are among the lowest-performing, generating under $1,000 each.

The proposal aims to retire 'low-adoption' asset markets and expired Pendle principal tokens across 11 Aave deployments, as well as shut down Aave's presence on these six blockchains entirely. The decision is based on economics, with the costs of maintaining price feeds, liquidation systems, and monitoring for each market exceeding the revenue generated.