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Cryptocurrency News Articles
Aptos (APT) Celebrates Two Years of Existence, Highlighting Growth Metrics and Ecosystem Expansion
Oct 19, 2024 at 10:43 pm
Aptos (APT) has established itself in the broader crypto ecosystem within the past two years. As the blockchain marks its second anniversary, Aptos highlighted four major milestones it has recorded since its launch.
Aptos (APT) has seen remarkable growth since its launch two years ago. To commemorate this milestone, the Layer-1 blockchain highlighted four key achievements.
Aptos' Active Addresses Surpass 27.7 Million
One of the most significant milestones is the blockchain's total number of unique addresses, which has reached 27.7 million. These addresses represent users who have interacted with the Aptos network over the past two years.
This growth is particularly noteworthy considering the competition from other Layer-1 protocols such as Solana. Experts attribute Aptos' growing market share to its high user capacity, which is a natural attraction for users seeking efficient Proof-of-Stake networks.
Aptos' Scalability Demonstrated by 1.7 Billion Transactions
The Aptos blockchain has also processed a staggering 1.7 billion transactions since its launch. This cumulative figure is a testament to the network's capacity, which is largely measured by its Transactions Per Second (TPS) metric.
With a high TPS of approximately 5,000, Aptos boasts one of the fastest and most scalable blockchains in the industry. This capability has enabled it to handle a record volume of transactions in a single day.
Aptos Hits Peak Network Usage with 326 Million Transactions
According to the data shared by Aptos, its peak network usage reached 326 million transactions in a single day. This massive scale of activity further highlights the protocol's efficiency in handling users' requests.
The blockchain's ability to support such high levels of usage is crucial for a network that aims to power a wide range of decentralized applications (dApps) and Web3 projects.
250 Projects Launch on Aptos, Validator Nodes Expand Globally
Finally, Aptos has played a pivotal role in fostering innovation within the broader Web3 ecosystem. Since its launch, over 250 projects have launched on the Aptos blockchain, ranging from DeFi protocols to NFT marketplaces.
To further decentralize the network, 149 validator nodes are now spread across 22 countries and 47 cities worldwide. These validators help secure the blockchain and ensure its integrity.
These highlights showcase Aptos' growth in the broader Web3 landscape. As the "Solana killer," it has competed effectively within the Layer-1 ecosystem by onboarding new projects to expand its network for efficiency and utility.
In 2023, for instance, it launched the Lava testnet, which provides fast and reliable APIs to help developers easily bootstrap their applications. Lava's multi-chain Web3 infrastructure is set to drive further innovation on the Aptos platform.
Furthermore, the Layer-1 blockchain also launched its Non-Fungible Token (NFT) bridge on Wormhole. This Wormhole Aptos NFT Bridge is designed to enable digital art collectors to mint their NFTs on any protocol and seamlessly move them through Aptos.
Despite these remarkable achievements, APT price has slipped 1.21% in the last 24 hours, currently trading at $9.965. As it approaches the $10 resistance level, some traders anticipate a breakout, while others note that Aptos' growth may face challenges in the long run due to its increasing competition within the Layer-1 space.
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