Aries Markets mainnet is live.
Aries Markets, an Aptos-based decentralized exchange (DEX), recently announced that it is live on mainnet. The decentralized exchange took an iterative approach toward conducting a soft launch, with only a few features available at the moment. Some of the features the DEX offers for the time being include lending, borrowing, swapping, as well as global account management services.
Aries Markets said it would not launch its trading feature immediately. Notably, the trade feature will launch soon. At launch, Aries will support four crypto assets such as Aptos (APT), Solana (SOL), zUSDC (Layer Zero), and USDC (Wormhole Bridge). The team behind the DEX hopes to add more cryptocurrencies and also have a stable depth of liquidity.
Following the announcement, Aries Markets has become the first borrowing and lending protocol to launch on Aptos.
“Today is the day, Aries Markets Mainnet is here! As the first borrowing and lending protocol on Aptos, we are thrilled to announce that Aries Markets is moving towards our next milestone,” the DEX noted in an announcement.
Not An Easy Ride
The team behind Aries Markets noted that achieving the milestone was not easy. Aries Markets said it took months of iteration and building, accompanied by the release of its devnet in batches.
“To [conduct the soft launch], we’ve gone through months of building and iteration, followed by the unveiling of our Aries Markets devnet in batches, to test each set of improvements in controlled environments before shipping the next,” the company said in a statement.
Aries Markets said user safety is important to the team, adding that it had gone through the platform’s security audit with extreme caution.
Meanwhile, Aptos is currently one of the most popular cryptocurrency projects. Aptos is a Proof-of-Stake L1 network developed by the Meta team (formerly referred to as Facebook). The project, which attracted top investors like Andreessen Horowitz, is valued at $1 billion. The native cryptocurrency of Aptos (APT) is currently listed on major exchanges, including Binance, KuCoin, Coinbase, etc. At the time of writing, APT is trading at $9.09.