• Aptos (APT), a layer-1, proof-of-stake blockchain, has grown in popularity over the last month, with its price soaring by more than 400%.
• It recently concluded the first leg of its world hackathon tour in Seoul and announced a partnership with METAPIXEL to launch ‚Pixelcraft‘ on the Aptos network.
• Its transaction speed advantage could position it as a potential „Solana Killer,“ as it can process up to 150,000 transactions per second compared to Solana’s 65,000 TPS.
Aptos’s Growing Popularity
Aptos [APT] has made waves in the crypto world over the last month, with its price soaring by more than 400%. It recently wrapped up the first leg of its ambitious world hackathon tour in Seoul and expanded its footprint in the web 3 gaming ecosystem through a partnership with METAPIXEL for an upcoming launch of ‚Pixelcraft‘ on Aptos.
Transaction Speed Advantage
Aptos challenges Solana [SOL] precisely in terms of transaction speeds. According to ZebPay, Solana can process 65,000 transactions per second (TPS) while Aptos could clock in more than twice that at 150,000 TPS. This throughput difference could potentially shift the momentum decisively in APT’s favor in the long run.
Total Volume Locked (TVL)
Aptos’s total volume locked (TVL) has exhibited better growth over recent weeks compared to SOL – which grew by 0.44% over the last seven days compared to APT growing by almost 4% during that same period. APT’s TVL stood at $61.38 million at press time, primarily driven by Pancakeswap [CAKE], which had a dominance of almost 60%.
NFT Space Showing Promise
The NFT trade volume on Aptos network has also been steadily rising and reached its three-month high earlier this week according to data from NFT Analytics Platforms such as OpenSea and NonFungibleAnalytics. The platform is further looking forward to launching several new projects related to NFTs including an NFT marketplace called XchangeX and an AI project for creating personalized digital art experiences titled CreativeBlockchainArtistsAcademy (CBAA).
With all these developments taking place around it and considering its advantages when compared Solana – Aptos looks likely to cement itself as one of most promising projects within blockchain space going into 2021 and beyond.