Hassan Maishera
On Monday, Aave Labs announced via X that, thanks to Chainlink CCIP, Aave is now live on the Base blockchain. By adopting the Cross-Chain Token (CCT) standard, Aave's stablecoin GHO is now natively available on Coinbase's L2 Base network.
Aave is the largest liquidity protocol on Base and serves hundreds of thousands of users. GHO’s expansion to Base brings Aave’s native stablecoin to a rapidly growing DeFi ecosystem.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $259.80 per token, up 5.5% in the last 24 hours.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 3% over the past 24 hours, trading at $19.06.
