In the opening days of 2025, Aptos, a highly sought-after L1 blockchain outside the Ethereum Virtual Machine environment, marked two significant milestones in its adoption journey. Firstly, it welcomed the arrival of DeFi veteran Aave v3 on its test network, signifying an important step towards broader decentralized finance integration. Secondly, its principal Initial Dex Offering (IDO) platform expanded its support to include native USDT, enabling more seamless transactions within the Aptos ecosystem.
Aave lands on Aptos’ testnet, its first non-EVM blockchain
In simpler terms, the well-respected decentralized finance (DeFi) project known as Aave V3 is making its debut beyond the Ethereum Virtual Machine (EVM) ecosystem by moving to the Aptos blockchain. The team’s announcement indicates that the protocol could be launched on the Aptos testnet, with a possible future deployment on the main network.
On the Aptos test network, Aave V3 has been launched – marking the first instance of the Aave Protocol operating outside of the Ethereum Virtual Machine (EVM) environment. This testing phase is designed to assess the safety, reliability, and efficiency of Aave V3 on Aptos before a potential mainnet release. You can find more details about this development in the full update.
— Aave (@aave) January 7, 2025
Stani Kulechov, founder of Aave, highlighted that this launch is crucial for the worldwide acceptance of the protocol, addressing the challenges posed by isolated liquidity pools.
With this update, Aave moves a substantial distance towards expanding the protocol’s influence beyond Ethereum-like systems, integrating with Aptos.
Rather than relying on the commonly used Solidity language in Ethereum Virtual Machine (EVM), Aptos opts for Move language and its accompanying virtual machine to execute smart contracts. This choice represents a unique, distinct method for blockchain modularity and transaction processing in parallel.
In the world of cryptocurrencies, it’s predicted that alternative virtual machines will be among the most buzzing trends in 2025. Two popular contenders in this area are Sui (SUI) and Aptos (APT), both successors to Facebook’s Diem blockchain platform, and they have already gained significant recognition.
Before moving into Aptos, Aave initially launched on 13 different blockchain networks within the Ethereum Virtual Machine (EVM) ecosystem. Currently, it manages approximately $33 billion in total deposits and processes hundreds of millions of dollars every month.
Aptos-based USDT now available for large network’s launchpad
In addition to the deployment of Aave V3, the Aptos (APT) ecosystem, which includes an Initial DEX Offering (IDO) launchpad, now welcomes the entry of native United States Dollar Tether (USDT), the most prominent stablecoin.
USD₮ on @aptos is now live on @MoveGPT
— Tether (@Tether_to) January 8, 2025
MoveGPT, the premier Aptos launchpad for initial token offerings, has started facilitating transactions involving Aptos-backed USDT.
Approximately 0.3% of the total Tether (USDT) supply, which amounts to around $137 billion, is generated on the Aptos blockchain, representing roughly $450 million in value.
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2025-01-08 19:15