Wednesday, February 19, 2025

Aries Markets Achieves Top DeFi Status on Aptos Blockchain

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KEY TAKEAWAYS

  • Aries Markets has become a leading DeFi protocol on the Aptos blockchain, achieving over $800 million in Total Volume Locked (TVL).
  • The platform’s strategic deployment on Aptos has facilitated its growth, leveraging the blockchain’s scalability and rapid transaction speeds.
  • Aries introduced new features like Efficiency Mode and an incentive program, enhancing user experience and capital efficiency.
  • Strategic partnerships within the Aptos ecosystem have expanded Aries’ offerings, reducing fees and improving transaction efficiency.

Aries Markets has solidified its position as the leading decentralized finance (DeFi) protocol on the Aptos blockchain, achieving a significant milestone in Total Volume Locked (TVL). The platform is now recognized as one of the top 10 lending protocols across all blockchains, a testament to its strategic deployment on Aptos.

The decision to leverage Aptos’ scalable and finance-oriented blockchain ecosystem has been crucial to Aries’ growth. The network’s high-performance capabilities, designed for the future of finance, have supported Aries’ vision of creating a powerful and user-friendly DeFi platform.

Why Aries Chose Aptos

In 2022, Aries Markets launched on Aptos, attracted by its rapid transaction speeds and scalability. These features aligned with Aries’ goals, facilitating the platform’s expansion and growth. Since its inception on Aptos, Aries has surpassed other Move-based DeFi projects, boasting more than $800 million in TVL, an increase of over $300 million since September.

Aries’ smart contracts currently hold $830 million in supplied assets and $470 million in borrowed assets, highlighting its success in asset lending. The protocol’s integration with Aptos has allowed it to become a fully integrated DeFi hub, offering lending, borrowing, and more.

Inside Aries’ DeFi Hub

To enhance user experience, Aries introduced several features in 2024, transforming into a comprehensive DeFi hub. The Efficiency Mode (E-Mode) allows borrowers to access up to 90% Loan-to-Value (LTV), optimizing capital efficiency and boosting TVL.

In January 2024, Aries launched an incentive program, offering up to 30% APY on stable assets like USDT and zUSDC. This initiative has attracted more users and added significant value. Aries also plans to introduce native USDC pools through its incentive program.

Strategic collaborations with other DeFi protocols in the Aptos ecosystem, such as Panora Exchange, have further enhanced Aries’ offerings. These partnerships introduce on-chain limit orders and optimized swap routing, reducing fees and slippage for users.

Future Prospects for Aries Markets

Looking ahead, Aries Markets aims to achieve even greater milestones in its third year on Aptos. The platform plans to expand asset support and scale its community, continuing to evolve its product suite for its user base.

The rapid growth of Aries Markets underscores the value of Aptos in unlocking next-generation finance use cases. For more details, visit the official announcement here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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