Hassan Maishera
On Tuesday, Aave Labs announced via X that Aave V3 had been deployed on the Aptos testnet, making it the first non-EVM deployment of the Aave Protocol. This testnet phase aims to validate Aave V3’s safety, stability, and performance on Aptos ahead of a potential mainnet launch.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $301.84 per token, down 10.5% in the last 24 hours.
Aptos is a scalable layer-1 blockchain based on the Move programming language. APT is the project's native token. APT is down 8.5%, trading at $9.31 per coin.
