Aave V3 launched on the Aptos blockchain, marking its first expansion to a non-EVM network, leveraging the Move programming language for enhanced speed and security.
This significant integration boosts Aave's engagement in decentralized finance, enhances liquidity on Aptos, and positively influences market trends for both AAVE and APT tokens.
Aave V3 is now live on Aptos, marking its entry into a non-EVM blockchain. This integration leverages the Move programming language for enhanced performance.
The collaboration involves Aave Companies and Aptos Labs. Major changes include deploying Aave’s DeFi protocol on Aptos, introducing faster transaction speeds and security enhancements.
The launch saw a rise in AAVE and APT prices, reflecting market optimism. Community forums express wide support, indicating potential user growth and increased liquidity.
Financial implications include trading volume boost. Technical advances stem from Move’s architecture. Historical data from similar rollouts suggests further TVL inflows and new user acquisition post-launch.
Previous Aave expansions, similar to those on Polygon and Avalanche, witnessed rapid user and TVL growth. This non-EVM integration with Aptos introduces new DeFi possibilities.
Experts highlight potential liquidity increases in the DeFi space, driven by Move’s efficiency. The tech shift is expected to attract users from existing EVM-based networks.
Avery Ching, Co-Founder & CTO, Aptos Labs, "Aave v3 has launched on the Aptos blockchain, marking its first non-EVM integration. This deployment leverages the Move programming language, offering traders faster transaction speeds, enhanced security, and real-time performance compared to traditional EVM-based networks."
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By Kanal Coin
about 5 hours ago
