The second Ecosystem Spotlight for Aries Markets has been presented and published on the main Aptos X account and the Aptos Foundation forum.
The previous Aries Markets Ecosystem spotlight was on March 3d earlier this year, highlighting some of the achievements at the time of Aries. Some of these stats at the time can be seen in the post below which included:
$100M+ TVL & $35M borrowed assets !
Top 3 in Weekly Active Users
The latest Ecosystem Spotlight was published today and it highlights some of the achievement by Aries Markets as of the last two years, which includes:
Number 1 DeFi protocol on Aptos ✓
2 years of record growth ✓
$800M+ in TVL ✓
A short summary of the article’s important points is as follows:
Celebrating 2 Years of Growth
Aries Markets, the leading DeFi protocol on the Aptos blockchain, has achieved remarkable growth, becoming one of the top 10 lending protocols across all blockchains. With over $830M in Total Volume Locked (TVL), Aries has outperformed all other Move-based DeFi projects, solidifying its place as a cornerstone of Aptos’ ecosystem.
Why Aries Chose Aptos
Aries launched on Aptos in 2022 due to its high-performance blockchain optimized for DeFi, offering rapid transaction speeds and scalability. This infrastructure allowed Aries to expand its services and user base, driving its success.
Major Innovations in 2024
- Efficiency Mode (E-Mode): Enables borrowers to access up to 90% Loan-to-Value (LTV), optimizing capital efficiency and boosting TVL.
- Incentive Programs: Introduced up to 30% APY rewards on stable assets like USDT and zUSDC, attracting a broader user base.
- Ecosystem Collaborations: Partnered with projects like Panora Exchange to enhance swap routing and on-chain order efficiency.
- Native USDT Support: Added liquidity with one of the most widely used stablecoins, driving user adoption.
Impactful Statistics
- $830M in supplied assets.
- $470M in borrowed assets.
- 738K+ unique users and 120K followers, demonstrating strong community engagement.
Looking Ahead
Aries Markets plans to expand its asset support, enhance its product suite, and scale its community further. Its success showcases the value Aptos brings to next-generation finance applications, ensuring a promising future for both Aries and the Move ecosystem.
https://defillama.com/chain/Aptos
For the full details, make sure to check out the most recent blog post on the Aptos Foundation forum, Currents.
Also make sure to check out the Aries Markets X account to stay tuned to all their updates.
What do you think about DeFi on Aptos and Aries Markets ? Comment below and let us know 
