Pocket Network | Blockchain: Aave partners with Pocket Network to access on-chain data from multiple blockchains

Synopsis

The implementation of Pocket RPC will not only provide scalable and cost-effective access to Aave dApps, but it will also reinforce Aave’s status as one of the most decentralized platforms in the market.The provision of Pocket Network’s 44,000 nodes to Aave developers unlocks new capabilities for deriving real-time blockchain data, such as pricing and smart contract state, said Michael O’Rourke, CEO of Pocket Network.

Decentralized Web3 protocol Pocket Network has partnered with open source liquidity market and lending platform Aave, which will enable it to utilise Pocket’s distributed network of more than 44,000 nodes to access on-chain data from multiple blockchains.

The partnership also benefits developers building Aave-powered dApps, allowing them to access reliable blockchain data from Pocket Network on demand.

This agreement was funded through Aave Grants DAO, which approved a Grant for the acquisition of the necessary POKT for Aave’s frontend traffic.
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The implementation of Pocket RPC will not only provide scalable and cost-effective access to Aave dApps, but it will also reinforce Aave’s status as one of the most decentralized platforms in the market.

The provision of Pocket Network’s 44,000 nodes to Aave developers unlocks new capabilities for deriving real-time blockchain data, such as pricing and smart contract state, said Michael O’Rourke, CEO of Pocket Network.

“The goal is to power the next wave of decentralized applications that combine Aave liquidity market with Pocket’s RPC coverage, which supports 50 blockchains and is on its way to achieving its goal of 100 blockchains in 2022,” he added.

Aave currently uses multiple RPCs by various infrastructure providers to service its needs. The reliability of these solutions can differ, resulting in occasional instability which can impact user experience as well as impede developers.

While operational across multiple blockchains, much of Aave’s liquidity originates on Ethereum and Polygon. Both the blockchains have been in red-hot form lately.

The second largest crypto token, Ethereum, has gained about 45 per cent in the last one week to hit the $1,600 mark, whereas Polygon has zoomed close to 80 per cent in the same period topping the $0.9-level.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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