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Cryptocurrency News Articles
APT Token Surges 7.1% as K-pop Group Blackpink Member Releases New Song Titled “APT”
Oct 23, 2024 at 05:03 pm
APT, the native token of the Aptos blockchain, has risen by 7.1% in the last 24 hours, pushing its market rank to 19th and surpassing SUI
The native token of the Aptos blockchain, APT, has seen a 7.1% rise in value over the last 24 hours, pushing it up to the 19th rank in the market, surpassing SUI, another Layer-1 blockchain that utilizes the Move programming language.
This recent surge in APT's value may be linked to the excitement generated by the release of a new song titled "APT" by a member of the popular K-pop group Blackpink, which has sparked a wave of enthusiasm within the Aptos community.
As reported by Wu Blockchain, the Total Value Locked (TVL) on the Aptos chain currently stands at $1.634 billion, reflecting the network's growing significance in the DeFi space.
Last week, Aptos demonstrated its technological capabilities by achieving high throughput, processing approximately 160,000 transactions per second with validation times of less than one second. These milestones showcase the chain's efficiency and scalability.
Aptos Highlights from Last Week
1/ @Aptos achieves high throughput and low latency, processing approximately 160,000 transactions per second and validating them in under one second.
https://t.co/YUMUli9i55 pic.twitter.com/m9qMN1giJA
— Aptos Insights 🌐🖤🤍 (@AptosInsights) October 21, 2024
Over the course of just two years, Aptos has attained remarkable milestones:
Happy Birthday, Aptos!
In just two years, here's what we have accomplished together 🌐
– 27.7M all-time active addresses
– 1.7B all-time transactions
– 326M transactions done in a single day
– 250 innovative projects that are #builtdifferent
and we’re just getting started ⚡ pic.twitter.com/OMvk7oj0NX
— Aptos (@Aptos) October 18, 2024
These achievements highlight the rapid growth and innovation occurring within the Aptos ecosystem, making it one of the most exciting blockchain projects in the industry. With its combination of high throughput, low latency, and a growing list of projects, Aptos is positioning itself as a leader in the next generation of blockchain technology.
As community enthusiasm continues to grow, particularly with support from pop culture, Aptos is likely to see increased adoption and further expansion in both market value and use cases. All eyes are on Aptos as it continues to solidify its place in the blockchain landscape.
The mentioned pop song has also contributed to APT's recent market surge. The song, titled "APT," is performed by Jisoo, a member of the renowned South Korean girl group Blackpink. The song's lyrics and music have resonated with fans, creating a positive atmosphere around the token.
This enthusiasm, coupled with APT's strong fundamentals and the broader market recovery, has led to a significant rise in the token's value. As a result, APT has now surpassed SUI in the market rankings, becoming the 19th most valuable cryptocurrency.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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