It is exciting news for crypto enthusiasts that Aptos moves ahead of Solana in daily transactions. The Aptos was successful in keeping its momentum on the 23rd and 24th of May 2024, and 24 million transactions were reported on the 25th of May 2024. The market cap of Aptos is currently at a lower level from its March 26 record of $7.1 billion. The huge increase in transactions helped Aptos to move ahead of top-notch blockchain networks. The Aptos leads behind Solana, Near Protocol, and Sui.
A decentralized finance liquidity engine and the TruFin protocol are the smart features of Aptos that help it stand apart. The transaction spikes in blockchain networks like Aptos are often influenced by factors like bots or voting activity on PoS mechanisms. Aptos is a layer 1 network developed by former employees of the social media giant Facebook, and it has always been a trendsetter ever since its inception, dating back to 2022.
The spike in Aptos transactions has set a new standard, and the user transactions per second of Aptos scaled 32000 on 25th May 2024. The introduction of Tapos Cat, a brand-new tap-to-earn game, is the major cause of the recent spike in Aptos transactions.
The Tapos Cat game processed an unbelievable 10 million transactions, resulting in increased platform activity. The game provides users a fantastic opportunity to earn $HEART tokens by interacting with a virtual cat. Aptos was able to manage constant gas fees and success rates even though a large surge in transaction volume has been reported. The aggregator feature is the striking attraction of the Aptos platform, which showcases multiple transaction processing simultaneously. The seamless and excellent user experience offered by the Aptos platform made it a big hit among the crypto investor community.
The substantial increase in Aptos transaction volume is a testimony to the growing popularity and significance of the Aptos platform. Aptos shot into fame as a vital digital project featuring the Aptos platform’s robustness, scalability, and potential to act as a torchbearer for future projects. They are proponents of the mission of enabling global citizens of the Internet age to get inclusive access to decentralized digital assets. Aptos Labs recruited new advisers including David Lawee, Google’s former corporate development Vice President recently. The company was in the news in 2023 for its plan to begin a Web3 wallet service in association with SK Telecom, a South Korean telecommunications company.
Aptos broke the erstwhile industry record for most transactions a layer 1 blockchain platform recorded. Industry reports indicate that the Aptos surpassed the transactions on the Solana blockchain by a very big margin. It is perceived that the increase in Aptos transaction volume will have a bullish impact on the price of APT, the platform’s native token. The price of APT is on an upward trajectory now, and cryptocurrency market analysts are apprehensive about the survival of Tapos Cat in the long term. The immense potential of the Aptos platform can address the issue of increased load on the network without compromising performance.