The Aptos Foundation has recently put forth a governance proposal that aims to expand the capabilities of its blockchain network. The proposal, which was presented for a preliminary opinion on July 1, seeks feedback from the Aave community regarding the potential integration of Aave Protocol v3 onto the Aptos mainnet. Should the proposal be greenlit and receive approval, it would signify the inaugural instance of Aave’s open-source liquidity protocol branching out from blockchains compatible with the Ethereum Virtual Machine (EVM).
**Aptos** is a blockchain engineered at the foundational level for scalability and the seamless creation of decentralized applications (DApps). Unlike EVM-compatible blockchains, Aptos is built on a unique architecture and virtual machine that utilizes the Move programming language, initially crafted by Facebook for its Libra (later renamed Diem) blockchain project. The protocol boasts an impressive capacity for processing up to **30,000 transactions per second**.
On the other hand, **Aave** operates as a non-custodial liquidity protocol, allowing users to engage as either depositors or borrowers. Depositors contribute liquidity to the market, earning passive income, while borrowers have the option to take out loans that are either overcollateralized or undercollateralized. Aave stands out as one of the leading decentralized finance protocols, with a total value locked exceeding **$12 billion**, as reported by DefiLlama.
“Aave Labs has amassed significant expertise in the Move programming language and is ready to move forward with the deployment, contingent upon community consent and subsequent developmental phases,” the proposal states. It further mentions that Aave Labs has already translated the Aave Protocol code into the Move programming language.
Aave Labs has expressed its endorsement of the proposal, highlighting its thorough investigation of the Aptos ecosystem and the novel opportunities the protocol could introduce, which were not feasible with the EVM. “We wholeheartedly support this initiative and are enthusiastic about the prospects it presents for both the Aave and Aptos communities,” they remarked.
**From Downtime to Record Highs**
Aptos has recently achieved a record-breaking milestone in user transactions, hitting an all-time high of **115.4 million transactions in a single day**, thereby eclipsing Solana’s transaction count on May 25. This spike in activity was primarily fueled by the viral success of the Tapos Cat game.
Despite its successes, the Aptos blockchain, which was developed by ex-Facebook engineers, has encountered its share of hurdles. For instance, in October 2023, the network experienced a five-hour interruption that affected on-chain transactions, prompting cryptocurrency exchanges such as Upbit and OKX to notify their users and temporarily halt deposits and withdrawals on the platform.
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