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Aave Teamed Up With Network to Release Work On Enhanced DApp Design

By Natalie Wu | August 14, 2022

The open source (DeFi) protocolAave (AAVE) is reportedly partnering up with decentralized Web3 entity Pocket Network to release enhanced scalability and ease of use for Aave-based DApp design.

Specifically, Aave is reportedly going to utilize Pocket’s distributed network of over 44,000 nodes to tap into on-chain data from a wide array of blockchains to operate decentralized applications. 

Developers designing Aave-based DApps will reportedly have the freedom to tap into blockchain data from Pocket Network on demand when the new integration is completed. 

“The goal is to power the next wave of decentralized applications that combine Aave’s best-in-class liquidity market with Pocket’s unrivaled RPC coverage, which now supports 50 blockchains and is well on its way to achieving its goal of 100 blockchains in 2022.” Michael O’Rourke, CEO of Pocket Network, further remarked. 

Aave Grants DAO reportedly managed to carry out this development via offering a Grant for the purchase of the required Pocket Network’s native token POKT for Aave’s frontend traffic. 

In order to satisfy all demands, Aave is taking advantage of numerous Remote Procedure Calls (RPC) from different infrastructure providers at the moment. Due to the fact that the reliability level of these solutions are uncertain, there is an occasional chance of them turning unruly and user deteriorate user experience.

The freshly forged alliance with Pocket Network reportedly works towards the alleviation of these issues via providing Aave a more stable and durable infrastructure solution for its decentralized apps.

Per Defi Llama’s analytical insights, Aave ranks in the third spot regarding the top valuable protocol, total value locked (TVL) ranking-wise, possessing a price of $95.91 at the moment, and an overall value locked (TVL) equivalent of $6.1 billion as of writing.

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