Aave (AAVE), an open source decentralized finance (DeFi) protocol, is partnering with decentralized Web3 infrastructure provider Pocket Network to offer developers greater scalability and ease of use when building decentralized applications (DApps). ) in the Aave protocol.
According to Tuesday’s statement, Aave will use Pocket’s distributed network of over 44,000 nodes to access on-chain data from various blockchains to power decentralized applications. Developers building Aave-powered DApps will now be able to access Pocket Network blockchain data on demand following new integration. Michael O’Rourke, CEO of Pocket Network, noted that:
“The goal is to power the next wave of decentralized applications that combine Aave’s best-in-class liquidity marketplace with Pocket’s unparalleled RPC coverage, which now supports 50 blockchains and is on track to reach its goal of 100 blockchains by 2022.”
Aave Grants DAO has made this deal possible by providing a grant for the purchase of the native Pocket Network POKT token needed for Aave frontend traffic. To meet your demands, Aave currently uses various remote procedure calls (RPC) from various infrastructure providers. Because these solutions have varying degrees of reliability, they can occasionally become unstable and cause the user experience to deteriorate.
The new connection to the Pocket Network aims to alleviate these issues by offering Aave a more stable and durable infrastructure solution for its decentralized applications.
According to Defi Llama analytical data, Aave is the third most valuable protocol in terms of total value locked (TVL) ranking, having a current price of $95.91 and a total value locked (TVL) of $6.1 billion at the time of writing.. Aave’s liquidity is derived primarily from Ethereum (ETH) and Polygon (MATIC), as most of its operations span multiple blockchains. Pocket Network also offers dedicated RPCs for these networks, reducing latency, improving uptime and providing optimized data services for multiple chains.
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