
Jakarta, Pintu News â Aave , the largest loan provider in the decentralized finance sector, recently announced the launch of its protocol on the Aptos (APT) blockchain.
This marks Aaveâs first expansion to a non-EVM (Ethereum Virtual Machine) blockchain, representing a major step in their multichain strategy. This launch not only enhances Aaveâs capabilities but also opens up new opportunities for developers and institutions in the Aptos ecosystem.
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Since its founding, Aave has been operating on Ethereum and EVM-compatible chains. However, by launching on Aptos, Aave has undertaken a complete reimplementation of the Aave V3 version in the Move programming language.
Furthermore, these initiatives include the development of a new user interface, software development kit (SDK), and rigorous testing to ensure security and performance on Aptos.
Aptos, as a proof-of-stake based Layer 1 blockchain using Move, offers low latency and high throughput. With a total locked value (TVL) of over $1 billion and transaction speeds of up to 30,000 per second, Aptos appeals to developers in digital finance, consumer applications, gaming, and real-world assets.
Aave has integrated price feeds from Chainlink to secure an oracle-based marketplace in Aptos. In addition, risk parameters were designed by Chaos Labs and LlamaRisk, with extensive audits conducted by Zellic, Ottersec, SpearBit (Cantina), and Certora.
A $500,000 bug bounty in Aaveâs GHO stablecoin has also been launched to strengthen security. The Aptos Foundation provides liquidity incentives and user rewards to encourage adoption.
With the dominance of stablecoins such as Tether and USD Coin accounting for approximately 86% of assets in the Aptos ecosystem, Aave seeks to become a major liquidity engine, introducing new collateral markets, including liquid staking tokens (LST).
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Aaveâs launch on Aptos enables developers to integrate Aaveâs lending principles into new applications with full tool support, oracle feeds that are resilient to miner extraction value (MEV) exploitation, and liquidity incentives. This marks Aave as the Global Trading Engine for Aptos, opening up new opportunities in the stablecoin and tokenized asset markets.
From an institutional perspective, this move demonstrates Aaveâs intention to serve as a driving force in open global financial markets. The Aave DAO, which governs the protocol, secured over $50 billion in net deposits and nearly $37 billion in TVL across the chain, making it the second largest DeFi platform in the world.
Overall, with this launch, Aave and Aptos both see significant room for market growth. This integration not only strengthens Aaveâs position as a leader in the DeFi sector, but also establishes Aptos as fertile ground for scalable DeFi.
Both entities are committed to expanding the horizons of decentralized finance, opening a new chapter in cross-chain liquidity.
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