{"id":84435,"date":"2024-07-20T12:47:00","date_gmt":"2024-07-20T16:47:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84435"},"modified":"2024-07-20T12:48:09","modified_gmt":"2024-07-20T16:48:09","slug":"community-approves-for-aave-v3-on-aptos-mainnet","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/community-approves-for-aave-v3-on-aptos-mainnet\/","title":{"rendered":"Community Approves for Aave V3 on Aptos Mainnet"},"content":{"rendered":"\n

Aave community<\/a> approves V3 deployment on Aptos Mainnet, marking its first move into a non-EVM blockchain.<\/p>\n\n\n\n

\"Community
Community Approves for Aave V3 on Aptos Mainnet<\/figcaption><\/figure>\n\n\n\n

The deployment of Aave V3 on the Aptos Mainnet has received enthusiastic support from the Aave community.<\/p>\n\n\n\n

This decision, made through a community referendum that concluded on July 19, 2024, represents the tokens' initial entry into a blockchain ecosystem not based on the Ethereum Virtual Machine (EVM).<\/p>\n\n\n\n

This sanction is a significant milestone for the token, as it signifies the protocol's initial foray beyond Ethereum-compatible blockchains.<\/p>\n\n\n\n

Historically, the foremost DeFi lending platform<\/a> has operated on circuits compatible with EVMs (Ethereum Virtual Machines).<\/p>\n\n\n\n

The protocol enters a new era of interoperability and expansion with the transition to Aptos, a layer-1 blockchain that employs the Move programming language.<\/p>\n\n\n\n

Aave Labs has already developed the integration code for Aave V3 on Aptos using the Move language. This code has been subjected to exhaustive testing on the testnet, which has facilitated a seamless transition to the mainnet.<\/p>\n\n\n\n

The successful deployment has the potential to encourage innovation and the development of new DeFi applications by making it accessible to developers within the Aptos ecosystem.<\/p>\n\n\n\n

It is renowned for its high-performance blockchain and rapidly expanding ecosystem, which creates an ideal environment for DeFi protocols<\/a>.<\/p>\n\n\n\n

The partnership endeavors to expand the Aptos ecosystem's liquidity and attract a broader user base by integrating the token's established lending and borrowing services into the layer-1 blockchain.<\/p>\n\n\n\n

Aave price is currently trading at $100.42, with a 24-hour trading volume\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> of $94.9 million, according to the most recent data.<\/p>\n\n\n\n

The token has experienced a 1.62% increase in the past 24 hours and a 4.98% increase over the past week. Aave's open interest has increased by 2.27% and is currently valued at $55.1 million, as per Coinalyze data.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Currently, the token is trading within a high and low range of $100.84 and $98.98. The protocol's market capitalization is $1.4 billion, with 15 million tokens circulating.<\/p>\n\n\n\n

The market's favorable response to the tokens' expansion plans and overall performance in the DeFi sector is evidenced by these figures.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Aave community approves V3 deployment on Aptos Mainnet, marking its first move into a non-EVM blockchain. The deployment of Aave V3 on the Aptos Mainnet has received enthusiastic support from the Aave community. This decision, made through a community referendum that concluded on July 19, 2024, represents the tokens’ initial entry into a blockchain ecosystem […]<\/p>\n","protected":false},"author":36,"featured_media":84438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20671,20670,12649],"class_list":["post-84435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aave-v3","tag-aptos-mainnet","tag-community"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/shutterstock_2086238089.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84435"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84438"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}