Since its launch in July, Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has experienced impressive growth. The Web3 automation provider has reported a substantial increase in interest for its “super-transactions” solution ahead of the upcoming token launch.
Web3 Automation Provider Experiences 900% Surge in Demand
Ava Protocol announced a staggering 900% increase in demand for its blockchain automation solution. The EigenLayer AVS provides Web3 infrastructure for cross-chain automation, facilitating composable autonomous transactions and enabling developers to quickly deploy dApps.
Since launching on EigenLayer’s mainnet four months ago, the protocol has recorded $3 billion in restaked assets. Additionally, Ava Protocol’s operator Total Value Locked (TVL) reportedly surged to $1.7 billion worth of Ethereum (ETH) just two weeks after its launch.
The statistics further indicate that it has attracted over 11,500 unique wallets and surpassed 1,000 daily automated transactions operating on the testnet.
The Web3 automation provider’s “super-transactions” solution is designed to deliver “seamless, private, and composable automation” for any smart contract function, removing the need for developers to write code.
Ava Protocol simplifies the blockchain landscape for both developers and non-technical users. With this solution, users can enjoy better privacy, composability, and significantly reduced transaction costs.
Envisioning the Future of Blockchain Automation
Chris Li, founder of Ava Protocol, commented on how super-transactions are “transforming the landscape of blockchain automation” by enabling creators to work more efficiently while streamlining the development of Web3 applications:
Through no-code, composable automation, we empower developers and creators to build more effectively, whether they are in DeFi, NFTs, or RWAs. Our platform simplifies complex processes, making them accessible to non-technical users via intuitive tools like our drag-and-drop interface or our AI-powered automation copilot.
Recently, the Web3 infrastructure provider partnered with Soneium, Sony’s Ethereum Layer 2 (L2) blockchain, to integrate automation into the network through Soneium Spark’s Incubation program. This collaboration aims to “simplify blockchain” for Soneium developers and users with limited technical expertise by executing transactions and smart contracts based on pre-established conditions.
The partnership will enable creators and developers in Sony’s blockchain ecosystem to monetize their work through intent-based, no-code automation, which allows them to tokenize Real-World Assets (RWA) and explore fractional ownership alongside innovative distribution methods.
In addition, Ava Protocol has teamed up with other EigenLayer AVSs to provide its automation services, including the fixed-rate lending dApp Term Finance, the quantitative trading DEX Lhava, the RWA ecosystem Zoth, and restaking rewards provider Hourglass.
Following its recent advancements and collaborations, Ava Protocol anticipates issuing its token in the coming months. The automation provider aims to “solidify its position” as a key player in the sector by launching its cryptocurrency within the next two to three months.
As of now, no further details regarding the token’s launch have been disclosed.
