Aave, a prominent lending protocol, is planning to launch its own blockchain, dubbed Aave Network, following its upcoming V4 upgrade. With a staggering $13 billion in total value locked (TVL), the proposed network could become one of the largest Layer 2 solutions in the decentralized finance (DeFi) sector.

Recently, Aave unveiled its V4 iteration, which includes a unified cross-chain liquidity layer and liquidity premiums. This development sparked speculation among Aave DAO members on social media, leading CEO Stani Kulechov to confirm the news. "This is not a drill, Aave Network is planned to come after V4," he posted. When asked about the timeline for V4, Kulechov assured that it would be completed by next year.

Although details about the Aave Network are scarce, it is believed that the network will be secured by Ethereum and serve as a central hub for both Aave Protocol and its native stablecoin, GHO. The Aave community has been enthusiastic about the news, with figures such as Marc Zeller, founder of the Aave-Chan Initiative (ACI), noting that the network could potentially become the third largest blockchain after Ethereum and Tron.