Aave (AAVE), an open source Decentralized Finance (DeFi) protocol, is collaborating with decentralized infrastructure provider Web3 Pocket Network to provide developers with scalability and ease of use when building decentralized applications (DApps) on the Aave protocol.
According to a statement released on Tuesday, Aave will use Pocket’s distributed network of more than 44,000 nodes to access on-chain data from various blockchains to run decentralized applications. Developers building DApps powered by Aave can now access blockchain data from the Pocket Network on demand after the new integration. Michael O’Rourke, CEO of Pocket Network, notes that:
“The goal is to power the next wave of decentralized applications that combine Aave’s best-in-class liquidity market with unparalleled Pocket RPC coverage, which now supports 50 blockchains and is on track to achieve its goal of 100 blockchains in 2022.”
Aave Grants DAO made this agreement possible by offering a grant to purchase the original Pocket Network POKT token required for Aave front-end traffic. To meet its requirements, Aave currently uses several remote procedure calls (RPCs) from various infrastructure providers. Since these solutions have varying degrees of reliability, they can sometimes become unruly and degrade the user experience.
The new connectivity to the Pocket Network aims to mitigate these issues by offering Aave a more stable and sustainable infrastructure solution for its decentralized applications.
Related: NEAR Developers for Seamless Web3 Deployment Using the Pocket Network
According to Defi Llama’s analytical data, Aave is the third most valuable protocol in terms of total locked value (TVL) rankings, with a current price of $95.91 and a total locked value (TVL) of $6.1 billion as of writing. Aave’s liquidity is primarily derived from Ethereum (ETH) and Polygon (MATIC), with the majority of its operations spanning across multiple blockchains. Pocket network also provides dedicated RPCs for these networks, reducing latency, improving uptime, and providing improved multi-threaded data services.