The introduction of Aave V3 on the Aptos blockchain has received a resounding endorsement from the Aave community.
There was a remarkable 99.6% approval rating for the vote that took place between July 16 and July 19, 2024. By making this choice, Aave has made its first step toward expanding outside Ethereum-based platforms.
The transition of Aave to Aptos, which is well-known for its transition programming language, represents a major change for the DeFi platform, which had previously been restricted to networks that were compatible with Ethereum.
The integration code, which has previously been tested and built, is almost ready to make a seamless move to the mainnet of Aptos.
It is anticipated that this development would improve the loan and borrowing services offered by Aave inside the expanding ecosystem of Aptos.
The price of Aave is now at $100.42, which represents a gain of 1.62% over the course of the last twenty-four hours and a rise of 4.98% over the course of the previous week. Both the market capitalization of $1.4 billion and the trading volume of $94.9 million are indicators of the excellent reaction that this strategic move has received.
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