- Aave blockchain is set to launch its V3 cloud upgrade this week.
- The new upgrade will introduce cross-chain asset functionality, community contribution tools, and a gas optimization model.
- The price of Aave continues to rise as the community looks to new development.
Aave, an open source liquidity protocol is set to launch a V3 cloud this week. According to popular crypto reporter Collins Wu, the launch plan was announced by an Aave supporter with the Twitter handle @0x4Graham. Wu explained that the V3 upgrade will introduce cross-chain asset functionality, community contribution tools, and a gas optimization model on the Aave blockchain.
The optimization model mentioned by Aave is expected to reduce transaction costs by up to 25% and make the protocol more efficient and ready for further upgrades. This is in line with the V3 upgrade details released by the Aave team at the end of Q1 2022.
Aave team member @0x4Graham tweeted that the Aave V3 might launch this week. The v3 upgrade brings cross-chain asset functionality, community input as well…
Aave Price Rallies post appeared as the community prepares for the V3 Cloud Update debuted in Coin Edition.