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Independent Layer-1 Blockchain Platform, Aptos (APT) Clinches New Transaction Milestone as it Marks its Second Year Anniversary

Susan Sarandon
Release: 2024-10-20 04:32:11
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Aptos revealed in an X post that the volume of transactions across the platform has soared to 1.7 billion. This is an all-time high for Aptos

Independent Layer-1 Blockchain Platform, Aptos (APT) Clinches New Transaction Milestone as it Marks its Second Year Anniversary

Aptos (APT) recently celebrated its second year anniversary with an impressive new transaction milestone. In a X post, Aptos revealed that the total volume of transactions across the platform has now soared to 1.7 billion. This marks an all-time high for Aptos, further solidifying its status as a “Solana killer.”

In its celebratory post, Aptos highlighted the key achievements that the protocol has attained since launching two years ago. Among its accomplishments is the accumulation of over 27.7 million all-time active addresses throughout this period. This reflects the network’s increased adoption among users as they engage in various transactions on the Aptos blockchain.

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

Aptos also celebrated a record 326 million transactions that were performed on the network in a single day. Notably, Aptos now holds the top 4 records for daily transactions among all blockchains. The protocol also noted that 250 innovative projects have launched on its blockchain, along with 149 validator nodes that are spread across 22 countries and 47 cities around the world.

Furthermore, Aptos highlighted an approximately 5x increase in Total Value Locked (TVL) year-to-date, showcasing the network’s growth in attracting value. The network also spotlighted its upgrades and numerous integrations with top projects, such as the Ignition AI Accelerator.

This collaboration, which involves NVIDIA, Tribe, and Digital Industry Singapore (DISG), aims to drive the growth and advancement of AI startups in Asia, As CNF reported previously, this initiative will provide selected startups with access to technical mentorship, go-to-market support, and a community of investors and partners.

To further enhance its platform, Aptos has also launched its Non-Fungible Token (NFT) bridge on Wormhole. In another move to further enhance Web3 adoption, Aptos has acquired HashPalette Inc., a blockchain developer in Japan.

Besides these integrations, Aptos has also received over $150 million in funding from the Aptos Foundation to fuel innovation for over 165 projects. This ongoing investment aims to empower Aptos developers as they create the next-generation applications that will help drive the ecosystem forward.

Aptos is well-positioned to handle financial transactions at a global scale, thanks to its ability to facilitate fast, cheap, and reliable payments. This year, Aptos introduced Move 2, an upgrade to the Move programming language that aims to simplify the development of DeFi applications.

As Aptos looks to the future, it plans to accelerate use cases in payments, advertising, and loyalty programs, which aligns with the network’s mission to onboard the next 5 billion internet users. Overall, Aptos is leading the charge into a new era of digital finance, where money moves better and faster than ever.

Within the last two years, APT, the network’s native token, has seen some exciting sentiment. A few days earlier, the coin’s price added almost 7.5%, while its capitalization reached $4.62 billion.

As of this writing, APT waes trading at $9.69, up 7.5% in the past week. Its market capitalization is pegged at $5 billion.

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