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

After receiving capital from venture capital companies and cryptocurrency exchanges like Binance and FTX, Aptos’ blockchain was made live on 5/22/2017. During the past 24 hours, aptos (APT) is up more than 19% against the U.S. dollar and up 11.1% against bitcoin’s value. The VC-backed crypto token, aptos (APT), has managed to place itself among the top 60 biggest cryptocurrency market capitalizations.

Aptos Market Cap Grows Above $1 Billion. APT Transactions per Se Increase From 4 to 16.

A new token has entered the top 100 largest crypto market caps after the developers from Aptos Labs announced the project’s mainnet launch on Monday, October 17, 2022. The mainnet launch of the L1 blockchain project was preceded by the backing of millions from VC firms as well as crypto exchanges such Astreessen Horowitz (a16z) and Multicoin Capital.

Mo Shaikh (now Meta), and Avery Ching were the co-founders Aptos Labs. They worked on the now-defunct Diem cryptocurrency project for Facebook. After the mainnet went live, Aptos took a great deal of flak from the crypto community, as the blockchain dubbed a ‘Solana killer’ was immediately criticized at launch.

Paradigm’s engineer stressed in a tweet that “Aptos is broken” and further noted that “Aptos is currently has lower [transactions per second (TPS)] than Bitcoin and a majority of tokens are either staked or ready to be dumped on retail investors.” At the time, the Paradigm engineer said that Aptos was handling 4 TPS, but promised 100,000 transactions per second (TPS) in its finalized version.

At the time of writing, Aptos is recording around 16.68 TPS and ​​8,188,514 APT transactions have been settled to date. The current 16 TPS tracked by the Aptos explorer is faster than Bitcoin’s 2.87 TPS recorded on October 22.

The Aptos blockchain, which is still relatively new, has seen the native token APT rise to the top 60 in market capitalization. Current ranking for aptos is 52 from more than 13,000 cryptocurrency coin projects.

APT’s total supply is approximately 130,000,000 tokens. APT had $322.34M in global trade volume, and today’s market capitalization stands at just $1,060 489,188.

According to market statistics, the price of an APT token traded between $7.24 and $8.65 today. Aptos’ blockchain currency has risen more than 20% since the lowest price recorded 3 days ago, $6.73 per coin.

Huobi Global is the current most active exchange. Binance and Okex are closely following Huobi. Digifinex, Digifinex, and Okex follow. Today, Tether (USDT), the most active pair of trading pairs with APT, is followed by BUSD and USD and BTC.

How do you feel about the performance of the market aptos has witnessed over the last four days? Please share your views on this topic in the comment section.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has continued to be active ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 6000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.