📉 The Aptos Foundation proposed to expand its blockchain capabilities by introducing Aave Protocol v3 on the Aptos main network. If the Aave community approves the proposal, it will mark the first time that the Aave open liquidity protocol goes beyond Ethereum Virtual Machine (EVM) compatible blockchains.

Aptos is a layer 1 blockchain designed for scalability and easy development of decentralized applications (DApps). It is not compatible with EVM, instead using its own architecture and virtual machine based on the Move programming language.

Aave is a non-custodial liquidity protocol where users can participate as depositors or borrowers. Aave is one of the most popular decentralized finance protocols, with a total value locked of over $12 billion.

Aptos recently achieved a record level of user transactions, reaching 115.4 million in a single day, largely due to the popularity of the game "Tapos Cat". However, in October 2023, the Aptos network experienced a five-hour outage, which led to a temporary suspension of deposits and withdrawals on crypto exchanges.