Summary
- The decentralized lending protocol Aave has launched on Aptos for the first time.
- It was announced that this is the first time Aave has launched on a blockchain that does not support the Ethereum Virtual Machine (EVM).
- The Aptos Foundation stated its plan to provide user rewards and liquidity incentives, adding that Aave’s total value locked (TVL) is $37 billion.
The decentralized lending protocol Aave (AAVE) has launched on the layer-1 blockchain Aptos (APT).
According to The Block on the 21st (local time), Aave was launched on Aptos on this day. This is the first time Aave has launched on a blockchain that does not support the Ethereum Virtual Machine (EVM).
The Aptos Foundation plans to provide user rewards and liquidity incentives to support Aave. Stani Kulechov, founder of Aave, said, “Aave’s launch on Aptos is a significant advancement in our multi-chain strategy,” adding, “Operating on multiple blockchains is crucial to building an open financial system.”
Aave is the second-largest platform in the global DeFi (Decentralized Finance) market, providing cryptocurrency lending services. According to The Block, Aave’s total value locked (TVL) as of this day is $37 billion (approximately ₩51.8 trillion).
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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