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DeFi Leader Aave Debuts on Sony-Backed Soneium Blockchain
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Ian Allison
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By Ian Allison|Edited by Stephen Alpher
Jun 10, 2025, 4:00 p.m.
- Soneium’s 7-million user ecosystem already includes Uniswap v4, Velodrome, Stargate, Lido, and native protocols like Kyo Finance and SuperVol.
- The integration of GHO, Aave’s decentralized overcollateralized stablecoin, into Sonieum is being explored for real-world use cases.
Decentralized finance (DeFi) firm Aave is arriving on Soneium, the Ethereum L2 blockchain linked to Japanese electronics giant Sony, the companies said on Tuesday.
Decentralized finance, which shot to prominence during the so-called “DeFi summer” of 2020, is resurgent, amid a huge growth in stablecoins and crypto-backed lending. The integration of GHO, Aave’s decentralized overcollateralized stablecoin, into Sonieum is being explored for real-world use cases in payments, savings, and digital commerce, according to a press release.
STORY CONTINUES BELOW
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Soneium’s 7-million user ecosystem already includes Uniswap v4, Velodrome, Stargate, Lido, and native protocols like Kyo Finance and SuperVol.
“Aave wants to be where consumers are, in trusted, accessible environments,” said Aave Labs Founder Stani Kulechov in a statement. “Sony’s global reputation and Soneium’s focus on consumer-facing applications make this a unique opportunity for Aave to reach new mainstream users.”
The partnering will include Aave’s participation in upcoming liquidity incentive campaigns, including with the Astar, a blockchain prominent in the Japanese Web3 ecosystem, and a 100 million ASTR allocation (currently valued at $4M) to bootstrap adoption, according to a press release.
Soneium, which this week announced a new gaming incubator to help drive more traffic to the blockchain, is developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group.
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
