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Aptos Ecosystem Thrives: 3570% Transaction Increase in 24 Hours – Is APT Preparing to Explode?

source-logo  crypto-news-flash.com 16 August 2024 04:27, UTC
  • APT sees explosive 3570% transaction growth, with bullish signs pointing to further price gains.
  • Tapos Cat game fuels Aptos’ surge, positioning APT for a potential breakout.

The Aptos network has seen a remarkable increase in transactions, soaring by over 3,570% on August 13, driven largely by the launch of the Tapos Cat click-to-earn game. Daily user transactions on Aptos surged from 1.4 million to over 51 million, reaching its highest level since May, with transactions per second hitting a record 14,340, surpassing Solana’s figures.

This update followed the recent CNF update on Aptos Labs launch of seamless Coin to Fungible Asset Migration on the mainnet, enhancing asset management for developers. Moreover, according to a recent update shared by CoinMarketCap, the increased transaction volume in the Aptos ecosystem is due to the Tapos Cat click-to-earn game.

On August 13, transactions surged 3,570% to over 51 million, with a peak TPS of 14,340, driving APT’s price up by 30% in a week. As of now, Aptos (APT) is trading at $6.24, with a decline of 6.65% in the past day but a surge of 8.70% in the past week further gains.

Therefore, the sustained network growth and increased DeFi activity suggest that APT could continue its upward trajectory, potentially targeting the $8.62 Fibonacci level.

crypto-news-flash.com