BIG NEWS: Aptos Overtakes Solana

Aptos has set a new benchmark in blockchain transactions, eclipsing Solana by processing 96.6 million transactions in just one day, while Solana managed 31.7 million.

Aptos Overtakes Solana

This remarkable increase in transaction volume marks a historic peak in the Layer 1 blockchain sector, exceeding the previous record held by Sui Network by over 50%.

The spike in transactions on Aptos is due to the introduction of a new tap-to-earn game called Tapos Cat. This game rapidly gained traction, processing 10 million transactions on its initial day on the mainnet.

Tapos Cat rewards players with $HEART tokens for 'tickling' a virtual cat, leading to a high volume of transactions. Additionally, the game offers a 72-hour period with no gas fees, encouraging even more user participation.

Furthermore, Aptos has managed to maintain stable gas fees and success rates despite the high frequency of transactions. This consistency is attributed to the Aggregator functionality on the Aptos platform, which enables the simultaneous execution of multiple transactions.

This advanced feature has been crucial in managing the increased network load, ensuring that performance remains unaffected even during periods of intense activity. This stability not only enhances user experience but also reinforces the reliability and scalability of the Aptos blockchain.

Why Aptos Faced Heavy Criticism?

Not everyone is applauding the emergence of Tapos Cat. Recently, the CEO of Helius Labs voiced concerns about the game's long-term viability and practicality. He suggests that the game's focus on encouraging users to click and make purchases may be more about boosting statistics than fulfilling genuine user needs.

Defenders of the Aptos strategy emphasize the importance of innovation and the caliber of talent within the company. They argue that although Tapos Cat may not have an obvious immediate purpose, it represents a vital engineering venture that underscores the Aptos network's viability and endurance.

By demonstrating the capability to handle significant transaction volumes without imposing additional gas fees or encountering transaction errors, the game serves as a testament to the network's capacity for large-scale operations.

How has the APTOS Price Moved Recently?

The current price of Aptos stands at $9.16, with a 24-hour trading volume of $187.86 million. Its market capitalization totals $3.99 billion, with a market dominance of 0.15%. Over the past day, the price of APT has increased by 0.62%.

Aptos reached its peak price on January 30, 2023, hitting an all-time high of $19.86. Conversely, its lowest price was recorded on December 29, 2022, bottoming out at $3.08. Following its all-time high, the lowest price experienced was $4.73 (cycle low), while the highest price since the last cycle low reached $19.28 (cycle high). Currently, the sentiment for Aptos price prediction is bullish, with the Fear & Greed Index showing 75 (Greed).

Aptos's circulating supply currently amounts to 435.77 million APT out of a maximum supply of 1.00 billion APT. The yearly supply inflation rate sits at 120.18%, resulting in the creation of 237.85 million APT in the past year.