Ava Protocol Experiences 900% Surge in Demand for Web3 Automation Solution
Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has witnessed remarkable growth since its launch in July. The Web3 automation provider has recently reported a staggering 900% increase in demand for its blockchain automation solution, known as EigenLayer AVS. This infrastructure supports cross-chain automation, empowering developers to deploy decentralized applications (dApps) quickly and efficiently.
Since its launch on EigenLayer’s mainnet four months ago, Ava Protocol has recorded $3 billion in restaked assets. Its Total Value Locked (TVL) has surpassed $1.7 billion worth of Ethereum (ETH) within a mere two weeks. Furthermore, the platform has attracted over 11,500 unique wallets and processes more than 1,000 daily automated transactions on the testnet.
The standout feature of Ava Protocol’s solution is its “super-transactions,” which aim to provide seamless, private, and composable automation for smart contract functions without the need for developers to write code. This simplifies blockchain technology for both developers and non-technical users, offering enhanced privacy, composability, and reduced transaction costs.
Chris Li, the founder of Ava Protocol, emphasized how super-transactions are revolutionizing the blockchain automation landscape. By enabling no-code, composable automation, Ava Protocol empowers creators to build efficiently in various sectors, including DeFi, NFTs, and RWAs. The platform’s intuitive tools and AI-powered automation copilot make complex processes accessible to non-technical users.
In a strategic move, Ava Protocol has partnered with Soneium, Sony’s Ethereum Layer 2 (L2) blockchain, to introduce automation to the network through Soneium Spark’s Incubation program. This collaboration aims to simplify blockchain for Soneium developers and users with limited technical knowledge, facilitating the execution of transactions and smart contracts based on predefined conditions.
Additionally, Ava Protocol has joined forces with other EigenLayer AVSs to provide automation services, collaborating with entities such as Term Finance, Lhava, Zoth, and Hourglass. The automation provider plans to launch its token in the coming months following recent developments and collaborations to solidify its position in the industry.
As Ava Protocol continues to drive innovation in the blockchain automation sector, the focus remains on delivering user-friendly solutions that streamline processes and unlock new possibilities in decentralized finance. Stay tuned for further updates on the impending token launch.
