Web3 Automation Provider Ava Protocol Witnesses 900 Percent Demand Following For Token Launch

This event-driven EigenLayer Active Validated Service that goes by the name Ava Protocol has reported to witness tremendous growth since July by the reported increase in demand for the solution for Web3 automation at a whopping 900 percent. That is before the token launch.

Demand Soars by 900% for Ava Protocol

Ava Protocol, the infrastructure provider in the world of Web3, announced the significant increase in demand for the blockchain automation solution. EigenLayer AVS is powering the platform which enables cross-chain automation, autonomous transactions, and easy quick dApp deployment by developers.

Since it launched on EigenLayer's mainnet, the protocol has seen $3 billion in restaked assets; its Total Value Locked doubled in two weeks to total out at $1.7 billion worth of Ethereum, and it has attracted more than 11,500 unique wallets while processing over 1,000 daily automated transactions on testnet.

The Ava Protocol offers "super-transactions" that execute functions of a smart contract in a manner that does not require any programming writing, so there's always an issue with privacy. It also enables composability with considerably reduced transaction costs. This makes it possible to make blockchain applications accessible both to developers and non-developer users.

Blockchain Automation in the Future

According to Chris Li, the Ava Protocol founder, super-transactions are truly transformative in the context of the blockchain automation landscape. Such transactions make the development of sector-specific Web3 applications easier in areas such as DeFi, NFTs, and RWA. The no-code, composable automation tools proposed in the platform, which include a drag-and-drop interface as well as an AI-powered automation copilot, enable developers and creators to innovate much more efficiently.

Ava Protocol has also just teamed up with Soneium, Sony's Ethereum Layer 2 (L2) blockchain, as one of the participants in Soneium Spark's incubation program. With this collaboration in place, blockchain automation will no longer be a complicated process for developers and users of Soneium. It will help them tokenize Real-World Assets and later access fractional ownership.

As part of its further capacity growth to automate other EigenLayer AVS projects, the protocol has established partnerships with some of them, such as Term Finance, Lhava, Zoth, and Hourglass.

Token Launch is knocking at the door.

The Ava Protocol plans to issue its token in the past few months that saw such fast growth and cooperation. No further details have been provided regarding the launch date, yet the platform has sworn to do everything in their best efforts to make sure that it consolidates its place as a prime leader in the Web3 automation arena.

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