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Aave V3 Has Been Deployed on Aptos Testnet

Twitter icon  •  Published 19 hours ago on January 8, 2025  •  Hassan Maishera

On Tuesday, Aave Labs announced via X that Aave V3 had been deployed on the Aptos testnet, making it the first non-EVM deployment of the Aave Protocol. T

Aave V3 Has Been Deployed on Aptos Testnet

On Tuesday, Aave Labs announced via X that Aave V3 had been deployed on the Aptos testnet, making it the first non-EVM deployment of the Aave Protocol. This testnet phase aims to validate Aave V3’s safety, stability, and performance on Aptos ahead of a potential mainnet launch. 

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $301.84 per token, down 10.5% in the last 24 hours. 

Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token. APT is down 8.5%, trading at $9.31 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.