AAVE, the native token of the Aave DeFi platform, is now available on the Solana blockchain network. The move will give Solana users access to one of the largest lending protocols in decentralized finance without leaving the network.
Aave's move to Solana tests whether faster throughput can drive genuine usage or merely shift liquidity across chains.
Babylon Foundation is committing $3 million to Aave in a bid to support DeFi markets following recent instability. The move signals growing alignment between bitcoin-focused projects and broader decentralized finance ecosystems. Key Takeaways: Babylon Foundation deploys $3 million USDT to Aave V3 ($2 million) and V4 ($1 million) after rsETH shock.
A coordinated decentralized finance ( DeFi) relief effort has reportedly raised $160 million to cover bad debt created when attackers exploited KelpDAO's bridge and deposited unbacked collateral into Aave V3 markets on April 18, 2026. Key Takeaways: Aave froze rsETH reserves within hours of the April 18 Kelp DAO exploit, which created up to $230.
Recovery efforts depend on execution and ecosystem alignment.
Lily Liu Says the Move Supports DeFi Recovery and Open Finance Across Competing Blockchain Networks
Despite the bounce from the $90-demand zone, selling pressure and momentum could send AAVE to new local lows.
Aave founder has also backed the effort with a personal ETH pledge.
Spark Protocol deposits have recorded a net inflow of $2.4 billion as investors rotate to safety.
Aave's founder has pledged 5,000 ETH of his own money as a growing DeFi coalition races to contain the fallout from the KelpDAO exploit.
Aave launched "DeFi United" with commitments from Lido, EtherFi, Ethena, and others to cover the rsETH shortfall created by the $292 million KelpDAO bridge exploit.
On April 18, 2026, a cybercriminal discovered and exploited a critical flaw in KelpDAO's LayerZero bridge infrastructure, fabricating 116,500 rsETH tokens without any legitimate underlying assets.