Aptos needs support from the Aave community for non-EVM integration

The Aptos Foundation has introduced a governance proposal that could expand its blockchain capabilities.

Based on the July 1 heat test proposal, the Foundation is seeking input from the Aave community by introducing the Aave Protocol v3 on the Aptos mainnet. If the proposal moves forward and is approved, the network will mark the first time that Aave's open-source liquidity protocol will cross Ethereum Virtual Machine (EVM) compatible blockchains.

Aptos is a layer-1 blockchain specifically designed for developing decentralized applications and user-friendly development (DApps) and is not an EVM-compatible blockchain. Instead, Aptos uses its own architecture and virtual machine based on the Move programming language – originally developed by Facebook for the Libra (later Diem) blockchain. According to the protocol, it can handle up to 30,000 transactions per second.

Meanwhile, Aave is a non-custodial liquidity protocol where users can participate as depositors or borrowers. Depositors can market their money to earn income, while borrowers can borrow with excess or insufficient credit. Aave is one of the most popular decentralized finance protocols, with a total value of more than $12 billion locked in, according to Defillama.

“Aave Labs has built significant expertise in the Move programming language and is ready to continue the deployment process pending community approval and further development steps,” the proposal reads, adding that a code version of the Aave protocol has been implemented in the Move programming language. By Aave Labs.

Ave Labs says it has “conducted extensive research into the Aptos ecosystem” on the proposal, saying the protocol could provide “new and exciting use cases not previously available with EVM.” He continued, “We fully support this idea and are excited about its potential for both the Aave and Aptos communities.

From delays to ATHs

Aptos recently hit an all-time high in user transactions, reaching 115.4 million in a single day and surpassing Solana's transactions on May 25.

The Aptos blockchain, created by former Facebook employees, has also faced challenges. In October 2023, a five-hour network outage disrupted onchain transactions, alerting users of crypto exchanges such as Upbit and OKX and temporarily suspending deposits and withdrawals on the network.

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