ME News reports that on July 30 (UTC+8), Aave founder Stani Kulechov tweeted that Aave’s recent phased shutdown of low-adoption assets and networks should not be interpreted as a stance on any L1 or L2. The goal is simply to reduce Aave’s operational, technical, and economic risk exposure, enabling the team to focus on higher-impact priorities such as growing existing high-value markets and expanding into securities financing. L2s remain critical to Ethereum’s user experience; for example, Aave App’s stable vault uses an L2 as its accounting layer, which will onboard mainstream users into DeFi. Similarly, networks like Avalanche play a vital role in bringing RWAs on-chain through institutional business development—an area Ethereum has historically lacked. Previously, Aave announced it would eliminate 50 low-adoption asset reserves and shut down deployments on six chains. (Source: PANews)
Aave Founder Clarifies Decision to Deprecate Low-Adoption Assets and Chains
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Summary
Aave founder Stani Kulechov explained that the decision to phase out low-adoption assets and chains is not a rejection of any L1 or L2. The move aims to reduce operational and technical risks in order to focus on high-value markets and securities financing. L2 remains critical for Ethereum’s user experience, with Aave App’s stable vaults leveraging it to attract mainstream users. Avalanche and other chains help onboard real-world assets through institutional partnerships. Aave plans to remove 50 low-utilization assets and six chain deployments. Traders monitoring altcoins to watch may note that this shift reflects broader market trends. The Fear & Greed Index remains a key tool for gauging sentiment in this evolving space.
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