Transitioning to EigenDA positions Aevo as a leader in on-chain derivatives trading, focusing on both current and future scalability.
Aevo has announced a major upgrade by transitioning to EigenDA for its data availability layer, marking a significant step in improving the trading experience for users. Aevo is a derivatives L2 platform focused on options and perpetual contracts trading, and this change is set to make trading faster, cheaper, and more secure.
Since its inception, Aevo has supported modular blockchains, with Celestia serving as a key partner. The platform noted that, as it continued to grow, it became clear that closer integration with Ethereum’s security, lower operational costs, and faster data processing were essential. EigenDA, a solution that meets these needs perfectly, was selected. Aevo stated:
“From day one, we’ve believed in modular blockchains – Celestia was an incredible partner on that journey. However as we evolve, we need even tighter synergy with Ethereum’s security, lower costs, and near-instant data throughput. EigenDA checks all those boxes.”
How EigenDA Enhances Aevo’s Data Processing and Security
The switch to EigenDA will result in immediate data updates, enhancing the speed of trades and reducing execution delays. The technology also integrates Ethereum’s restaking, offering top-tier security and trust for every transaction. With 15 MB/s throughput, the new system ensures swift order processing and a seamless trading experience, while lower operational costs mean tighter spreads and better pricing.
The core benefits of EigenDA include high data throughput, blazing speed, cost efficiency, Ethereum-grade security, and a simplified system architecture that eliminates unnecessary components. These features are designed to create a more efficient, scalable platform for the future of high-performance trading.
EigenDA, a data availability store, also provided more insight into the transition, stating that being on it gives Aevo several exclusive advantages. The platform can implement custom quorums, allowing for potential future AEVO staking to enhance data availability and security. It also ensures reserved bandwidth, guaranteeing no congestion, which ensures smooth operation.
Aevo’s Future-Proofing with EigenDA Integration
Built by EigenLabs, EigenDA described Aevo as specifically designed for Ethereum traders, with $95 billion in cumulative trading volume since launch. It’s supported by Binance Labs, Coinbase Ventures, Dragonfly Capital, and Paradigm. The platform also features enshrined oracle protection. EigenDA noted that while it handles data availability, Aevo can focus on enhancing decentralized finance (DeFi).
EigenDA added that Aevo is built to last with EigenDA. As a result, traders using the platform won’t experience high transaction fees, as the cost per trade is extremely low. The platform also doesn’t need to worry about high data costs, as it only costs pennies per megabyte. EigenDA wrote:
“Future-proofed on EigenDA. Traders don’t have to worry about transaction costs for pennies per trade. Aevo doesn’t have to worry about high throughput DA with pennies per MB. All on Ethereum.”
Transitioning to EigenDA positions Aevo as a leader in on-chain derivatives trading, focusing on both current and future scalability. The platform is committed to delivering the fastest, most secure, and most cost-efficient trading experience.
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