Ava Protocol, the event-driven Active Validated Service (AVS), has seen remarkable growth since launching in July. Automation provider Web3 reported a significant increase in demand for its “super transactions” solution ahead of the token launch.
Automation provider Web3 sees 900% increase in demand
Ava Protocol reported A 900% increase in demand for your blockchain automation solution. EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling autonomous composable transactions and enabling developers to quickly deploy DAPPs.
Protocol sees $3 billion in assets restored since launch Eigenlayer’s Mainnet four months ago. AVA’s protocol operator Total Value Locked (TVL) reportedly increased to $1.7 billion worth of Ethereum (ETH) within two weeks of its launch.
Additionally, the report reveals that it has gained over 11,500 unique wallets and achieved over 1,000 daily automated transactions running on TestNet.
Automation provider Web3’s “Super-Transactions” solution aims to deliver “seamless, private, and composite automation” for any smart contract function, eliminating the need for developers to write code.
The AVA protocol simplifies blockchain for developers and non-technical users. With the automation provider’s solution, users can access privacy, composability, and significantly lower transaction costs.
The future of the blockchain automation landscape
Chris Li, the founder of Ava Protocol, noted how super transactions “are transforming the landscape of blockchain automation” by helping creators build more efficiently and simplify the creation of Web3 applications:
By offering no-code, composable automation, we empower developers and creators to build more efficiently, whether they’re working on Defi, NFTs, or RWAs. 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 copilot.
Infrastructure provider Web3 recently partnered with Soneium, the Sony 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 set to enable creators and developers at Sony’s blockchain To monetize their work with intent-based, codeless automation, enabling them to tokenize real-world assets (RWA) and unlock fractional ownership along with new distribution methods.
Additionally, AVA Protocol has also partnered with other Eigenlayer AVSs to offer their automation services, including fixed-rate loan term financing, Dex Lhava, RWA EcoSystem ZOTH, and reinstatement rewards provider Horglass.
The Ava Protocol hopes to issue its token following its recent development and collaborations in the coming months. The automation provider seeks to “consume” itself as a leading player in the industry by launching its cryptocurrency in the next two to three months.
At the time of writing, further details about the token launch have not been revealed.
(tagstotranslate) Automation