A Visual Guide to Aave's 40 Web3 Business Partners: Defining the On-Chain USD Interest Rate Market

According to ChainCatcher, Web3 asset data platform RootData has compiled a list of 40 partners for Aave, covering multiple levels including TradFi/RWA, stablecoins, infrastructure, wallets, DeFi protocols, exchanges, and custody. From its early focus on improving lending efficiency for crypto assets to its competition for on-chain dollar liquidity after the launch of GHO, Aave may be aiming to define an on-chain dollar interest rate system. At the TradFi and RWA levels, institutions such as BlackRock, Franklin Templeton, VanEck, and JPMorgan are prominently featured, along with RWA platforms like Centrifuge, OpenEden, and Securitize, indicating that Aave is no longer satisfied with just native crypto asset lending but is attempting to address the financing needs of real-world assets after they are put on-chain. At the stablecoin level, partners such as Circle, Tether, Ethena, Ripple, and Plasma signify that Aave is vying for the on-chain "dollar liquidity" gateway. Whoever controls stablecoin deposits is closer to on-chain interest rate pricing power. 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 like MetaMask, Ledger, Bitget Wallet, Privy, and Turnkey are lowering the barrier to entry for users; meanwhile, institutional channels such as Kraken, Bybit, and Fireblocks are further expanding the flow of funds. DeFi protocols like Pendle, Maple Finance, and CoW Swap extend Aave's liquidity to fixed-income, institutional lending, and trading scenarios. The recent rsETH/Kelp risk event caused Aave's TVL to plummet from a high of $44 billion to $15 billion, once again testing the risk management capabilities of this established DeFi protocol. Related compilation: [Aave Web3 Partner Network Compilation (Continuously Updated)] Crypto projects proactively showcasing their partner networks has become a key way to improve transparency and market trust. RootData welcomes Web3 projects to submit their information and will continue to track and open more channels for disclosing project business relationships. The platform has already released multiple editions of its crypto project ecosystem map, nominating Web3 ecosystem partners serving upstream clients such as Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecosystem maps, please fill out the "RootData 2026 Industry Ecosystem Mapping" form to add your key clients.