Aave taps Pocket Network to strengthen decentralized application development

Aave (AAVE), a wide open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to provide developers elevated scalability and simplicity of use when building decentralized applications (DApps) around the Aave Protocol.

Based on the statement on Tuesday, Aave uses Pocket’s distributed network in excess of 44,000 nodes to gain access to on-chain data from various blockchains to power decentralized applications. Developers building Aave-powered DApps may now access blockchain data from Pocket Network when needed following a new integration. Michael O’Rourke, Chief executive officer of Pocket Network, pointed out that:

“The goal would be to power the following wave of decentralized applications that combine Aave’s best-in-class liquidity market with Pocket’s unrivaled RPC coverage, which now supports 50 blockchains and it is well coming to achieving its objective of 100 blockchains in 2022.”

Aave Grants DAO chose to make this agreement possible by supplying a Grant for purchasing the needed Pocket Network’s native token POKT for Aave’s frontend traffic. To satisfy its demands, Aave presently utilizes several Remote Procedure Calls (RPC) from various infrastructure providers. Since these solutions have different levels of reliability, they are able to from time to time become unmanageable and cause consumer experience to deteriorate.

The brand new reference to Pocket Network is supposed to alleviate these complaints by providing Aave a far more stable and sturdy infrastructure solution because of its decentralized apps.

Related: NEAR developers to obtain seamless Web3 application deployment with Pocket Network

According to Defi Llama’s analytical data, Aave may be the third-most valuable protocol when it comes to total value locked (TVL) ranking, getting a present cost of $95.91 along with a total value locked (TVL) price of $6.1 billion by writing. Aave’s liquidity comes mainly from Ethereum (ETH) and Polygon (MATIC), since most of its operations span multiple blockchains. Pocket Network also provides dedicated RPCs of these systems, lowering latency, improving uptime, and supplying enhanced multi-chain data services.

Latest stories

You might also like...