Aave V3 Secures Community Approval for Aptos Integration
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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.
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.
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