Aave is seeking to launch its personal blockchain, dubbed Aave Community, after its forthcoming V4 improve. Given the lending protocol’s $13 billion in whole worth locked (TVL), the proposed community may probably grow to be one of many largest Layer 2 options in DeFi.

On Might 1, Aave unveiled its V4 iteration that includes a unified cross-chain liquidity layer and liquidity premiums.

Yesterday, following hypothesis from Aave DAO members on social media, Aave CEO Stani Kulechov posted, “This is not a drill, Aave Network is planned to come after V4.”

When questioned on the timeline for V4, Kulechov continued, posting, “Next year for sure.” Whereas there’s little info publicly out there on the potential Aave Community, it’s presumed that the community might be secured by Ethereum and act as a hub for each Aave Protocol and its native stablecoin, GHO.

The Aave group was excited by the information, with figures akin to Marc Zeller, founding father of the Aave-Chan Initiative (ACI), saying, “It would also be the 3rd largest “chain” after Ethereum and Tron.”

Aave’s TVL has elevated by 21% over the past month. In the meantime, its AAVE governance token is up 9% on the week, outperforming different established DeFi protocols akin to Lido and Maker.