Aave’s presence on the Celo blockchain just got a lot more visible. Token Terminal announced on July 6 that it now tracks Aave’s on-chain data on Celo, and the first headline number is a big one: monthly active users on the network are up roughly 80% over the past month.

What the numbers actually tell us

The 80% MAU increase represents Aave’s user adoption trajectory on Celo since the protocol’s V3 deployment there. Aave V3 went live on Celo on March 17, 2025, following community governance approval the year prior.

Token Terminal, which publishes standardized on-chain metrics across protocols, now provides analytics for Aave on Celo covering active addresses, revenue, and monthly active users.

The supported asset list on Celo includes CELO, USDC, USDT, cUSD, and cEUR. Transaction costs on Celo sit below one cent, with near-instant finality.

The mobile-first thesis

Celo’s entire identity revolves around mobile accessibility. The blockchain was architected from the ground up to work on smartphones, mapping wallet addresses to phone numbers and keeping computational requirements light enough for low-end devices.

Aave founder Stani Kulechov has specifically highlighted the potential for the Celo deployment to onboard new users and connect real-world assets to DeFi opportunities.

Celo already counts hundreds of thousands of daily active users across its ecosystem.

Why this matters for investors

The Token Terminal integration provides standardized, publicly accessible data covering how Aave performs on Celo versus other chains, including active addresses, revenue, and monthly active users. That kind of transparency tends to attract institutional money.