Aave V3 Secures Community Approval for Aptos Integration

The Aave community has enthusiastically endorsed the launch of Aave V3 on the Aptos blockchain.

The vote, held between July 16 and July 19, 2024, achieved an impressive 99.6% approval rate. This decision marks Aave’s first expansion beyond Ethereum-based platforms.

Aave’s move to Aptos, known for its Move programming language, signifies a significant shift for the DeFi platform, which has previously been limited to Ethereum-compatible networks.

The integration code, already tested and developed, is poised for a smooth transition to Aptos’s mainnet.

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This expansion is expected to enhance Aave’s lending and borrowing services within Aptos’s growing ecosystem.

Currently, Aave’s price stands at $100.42, reflecting a 1.62% rise over the last 24 hours and a 4.98% increase over the past week. The market cap of $1.4 billion and trading volume of $94.9 million underscore the positive reception of this strategic move.

Alexander Stefanov