Aave Teams up With Pocket Network to Enhance Dapp Development

by in DeFi News

DeFi Aave

Popular DeFi platform Aave joined forces with web3 infrastructure Pocket Network to provide higher scalability, and make the development process easier.

Related: DeFi Protocol Aave Intends to Issue Its Stablecoin

Aave will benefit from Pocket's 44,000 nodes to get data from various decentralized apps. Also, the integration will allow developers to receive data on demand.

Pocket’s CEO Michael O’Rourke said the goal of the partnership is to combine Aave's liquidity and Pocket’s technology which currently enables 50 blockchains, and aims to achieve 100 this year.

AAVE, the native crypto of Aave, currently trades at around $97. In the last 7 days, it increased by 34.8%. Aave is one of the top DeFi platforms. It ranks third by the TVL of around $6.3 billion. Recently, the platform announced the launch of its native stablecoin GHO. In March, Aave released its V3 upgrade to improve network efficiency and allow new features.