Ava Protocol, an event-driven EigenLayer Active Validated Service (AVS), has seen significant growth since its launch in July. Automation provider Web3 reported a significant increase in demand for its “massive workload” solution ahead of the token launch.
Web3 Automation Provider Sees 900% Increase in Demand
Ava Protocol reported a 900% increase in demand for its blockchain automation solution. EigenLayer AVS provides a Web3 infrastructure to support cross-chain exchange, enables scalable automated transactions and allows developers to rapidly deploy dApps.
The protocol has recorded 3 billion dollars in recovered assets since its launch on the EigenLayer mainnet four months ago. Ava Protocol Value Locked (TVL) company reportedly raised $1.7 billion in Ethereum (ETH) within two weeks of launch.
Additionally, the report reveals that it has acquired more than 11,500 unique wallets and achieved more than 1,000 daily automated transactions running on the testnet.
The Web3 provider’s “super-transactions” solution aims to provide “seamless, private, and scalable automation” for any smart contract activity, eliminating the need for developers to write code.
The Ava Protocol simplifies blockchain for developers and non-technical users. With an automation provider solution, users can achieve improved privacy, usability and significantly lower transaction costs.
The Future of the Blockchain Automation Landscape
Chris Li, co-founder of Ava Protocol, commented on how Big Works is “changing the landscape of blockchain automation” by helping creators to efficiently build and simplify the creation of Web3 applications:
By offering no-code, scalable automation, we empower developers and creators to build more effectively, whether they’re working on DeFi, NFTs, or RWAs. Our platform brings simplicity to complex processes, making them accessible to non-technical users with intuitive tools like a drag-and-drop interface, or our copy automation with AI.
Web3 infrastructure provider recently partnered with Soneium, Sony’s Ethereum Layer 2 (L2) blockchain, to bring automation to the network through Soneium Spark’s Incubation program. The partnership aims to “simplify the blockchain” for Soneium developers and users with limited technical knowledge by performing tasks and smart contracts based on predefined conditions.
The partnership is designed to enable creators and developers on Sony’s blockchain to monetize their work with purpose-based, no-code automation, allowing them to tokenize Real-World Assets (RWA) and unlocking partial ownership and new distribution methods.
In addition, Ava Protocol has also partnered with other EigenLayer AVS to provide its own automation services, including limited lending dApp Term Finance, limited trading DEX Lhava, RWA ecosystem Zoth, and rewards provider Hourglass.
Ava Protocol expects to release its token following its latest development and collaboration in the coming months. The automation provider wants to “establish” itself as a leading player in the sector by launching its own cryptocurrency in the next two to three months.
At the time of this writing, additional details about the token launch have not been disclosed.
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