Proof-of-Stake L1 Blockchain Token Aptos Climbs Close to 20% Higher in 24 Hours

Proof of Stake L1 Blockchain Token Aptos Rise Near 20% Higher in 24 Hours – Altcoins Bitcoin News

Five days ago, the Aptos blockchain was launched after the project received an influx of capital from venture capital (VC) firms and crypto exchanges such as a16z, Binance, and FTX. In the past 24 hours, aptos (APT) is up more than 19% against the US dollar and 11.1% against the value of bitcoin. The VC-backed blockchain token has managed to position itself among the 60 largest cryptocurrency market caps in existence.

Aptos market cap rises to over $1 billion, APT transactions per second increase from 4 to 16

A new token has entered the top 100 cryptocurrency market caps after developers from Aptos Labs announce The launch of the project’s mainnet on Monday, October 17, 2022. Prior to the launch of the mainnet, the Layer 1 (L1) blockchain project was backed by millions of venture capital firms and crypto exchanges such as Multicoin Capital, Binance, FTX and Andreessen Horowitz (a16z).

The founders of Aptos Labs, Mo Shaikh and Avery Ching, worked at Facebook (now Meta) on the now-defunct Diem blockchain project. After the launch of the mainnet, Aptos has come under a lot of criticism from the cryptocurrency community, with the block chain dubbed “Solana killer” being criticized upon its launch.

Engineer from Paradigm compressed In a tweet that “Aptos is down” and further noted that “Aptos currently has less [transactions per second (TPS)] of Bitcoin and the majority of the tokens are either stored or ready to be dumped on retail investors.” At the time, the model’s architect said Aptos was handling 4 TPS, but promised 100,000 transactions per second (TPS) in its final version.

Aptos network explorer on October 22, 2022.

At the time of writing, Aptos has been recording 16.68 TPS 8,188,514 APT transactions have been settled so far. The current 16 TPS tracked by Aptos Explorer is faster than Bitcoin 2.87 TPS Registered on October 22nd.

Meanwhile, the Aptos blockchain is very new and APT has managed to position itself in the top 60 by market capitalization. Currently, aptos (APT) It is ranked 52nd out of over 13,000 cryptocurrency projects listed today.

suitable/USDT The graph is on Saturday, October 22, 2022.

APT has a circulating supply of about 130,000,000 tokens and the total supply can be up to 1,000.935.772 APT tokens. On Saturday, October 22nd, APT saw $322.34 million in global trade volume and today’s market cap just over one billion at around $1,060,489,188.

Market stats show that APT tokens are trading at prices ranging from $7.24 today to $8.65 per unit. The Aptos blockchain is up more than 20% from a three-day low of $6.73 per coin.

Huobi Global It is currently the most active exchange on Saturday, followed by Huobi, Okex, and Digifinex respectively. Rope (USDT) is the most active trading pair with APT today and USDT Pairs followed by BUSD, USD, and BTC.

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What do you think of the market performance that aptos (APT) has seen over the past 4 days? Tell us your thoughts on this topic in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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