Aave Launches Lending on Solana via Sunrise

Aave, the prominent decentralized finance lending protocol, launched its services on the Solana blockchain on March 14, 2025, through the Sunrise DeFi integration, enabling users to deposit, borrow and earn interest on assets with Solana's low fees and high transaction speeds.

The integration connects Aave's Ethereum-based smart contracts to Solana via Sunrise DeFi, a decentralized bridge that verifies cross-chain transfers using validators and Chainlink oracles for price data. This allows seamless movement of assets like USDC, USDT, SOL and wrapped ETH between the networks without centralized intermediaries. Solana's proof-of-history consensus supports over 2,000 transactions per second, contrasting with Ethereum's sequential processing, and offers average fees under $0.01. Security features include audits by Trail of Bits and OpenZeppelin, plus emergency pause mechanisms.

Users access the platform through wallets such as Phantom or Solflare, supplying collateral for loans up to 80% loan-to-value ratios. Liquidations trigger if health factors fall below 1.0, with penalties of 5-10% to protect lenders. Solana's total value locked exceeded $8 billion in early 2025, up 300% from...