Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has seen notable growth since its launch in July. Automation provider Web3 reported a significant increase in demand for its “super transactions” solution ahead of the launch of its token.
Automation provider Web3 sees a 900% increase in demand
ava protocol reported a 900% increase in demand for its blockchain automation solution. EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling composable autonomous transactions and allowing developers to quickly deploy dApps.
The protocol sees $3 billion in assets repurchased since its launch on the EigenLayer mainnet four months ago. The Ava Protocol operator's total value locked (TVL) reportedly skyrocketed to $1.7 billion in ethereum (eth) within two weeks of its launch.
Furthermore, the report reveals that it has obtained more than 11,500 unique wallets and has reached more than 1,000 daily automated transactions running on the testnet.
Automation provider Web3's “supertransactions” solution aims to deliver “seamless, private and composable automation” for any smart contract function, eliminating the need for developers to write code.
Ava Protocol simplifies blockchain for developers and non-technical users. With the automation provider's solution, users can access greater privacy, composability, and significantly lower transaction costs.
The future of the Blockchain automation landscape
Chris Li, founder of Ava Protocol, commented on how supertransactions “are transforming the blockchain automation landscape” by helping creators build more efficiently and simplify the creation of Web3 applications:
By offering code-free composable automation, we enable developers and creators to create more efficiently, whether they work in DeFi, nft, or RWA. Our platform brings simplicity to complex processes, making them accessible to non-technical users through intuitive tools like our drag-and-drop interface or our ai-powered automation co-pilot.
Infrastructure provider Web3 recently partnered with Soneium, Sony's ethereum Layer 2 (L2) blockchain, to bring automation to the network through the Soneium Spark incubation program. The collaboration seeks to “simplify blockchain” for Soneium developers and users with limited technical knowledge by executing transactions and smart contracts based on predefined conditions.
The partnership is intended to enable Sony blockchain creators and developers to monetize their work with intent-based codeless automation, allowing them to tokenize real-world assets (RWA) and unlock fractional ownership along with new methods. distribution.
Additionally, Ava Protocol has also partnered with other EigenLayer AVS to offer its automation services, including fixed rate lending dApp Term Finance, quantitative trading DEX Lhava, RWA ecosystem Zoth, and recovery rewards provider Hourglass.
Ava Protocol hopes to issue its token following its recent development and collaborations in the coming months. The automation provider seeks to “consolidate” itself as a leading player in the sector by launching its cryptocurrency in the next two or three months.
At the time of writing, no further details regarding the token launch have been revealed.
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