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Aave's 40 Web3 Business Partners Illustrated: Defining On-Chain USD Interest Rate Market
RootData, a Web3 asset data platform, has mapped Aave’s 40 partners, covering multiple layers including TradFi/RWA, stablecoins, infrastructure, wallets, DeFi protocols, exchanges, and custodians. From its early focus on optimizing crypto-asset lending efficiency to its post-GHO launch battle for on-chain USD liquidity, Aave may be aiming to define the on-chain USD interest rate system.
At the TradFi and RWA layer, institutions such as BlackRock, Franklin Templeton, VanEck, and JPMorgan appear prominently—alongside RWA platforms like Centrifuge, OpenEden, and Securitize—indicating that Aave is no longer satisfied with lending exclusively against crypto-native assets, but is actively seeking to serve financing demand arising from real-world assets tokenized on-chain.
At the stablecoin layer, partners including Circle, Tether, Ethena, Ripple, and Plasma signal Aave’s push to capture the on-chain “USD liquidity” gateway. Whoever controls stablecoin deposits holds greater influence over on-chain interest rate pricing.
At the infrastructure layer, partners such as Chainlink, ConsenSys, Flashbots, and Mantle provide Aave with price oracles, MEV optimization, and multi-chain expansion capabilities.
At the user distribution layer, wallet partners—including MetaMask, Ledger, Bitget Wallet, Privy, and Turnkey—are lowering user onboarding barriers; meanwhile, institutional channels such as Kraken, Bybit, and Fireblocks further amplify capital inflows. DeFi protocols like Pendle, Maple Finance, and CoW Swap extend Aave’s liquidity into fixed-income, institutional lending, and trading use cases.
