Aptos Climbs 58% On the Week, Dominating the Layer-1 Token Rally 

• APT or Aptos token, the native asset on the Aptos network has been on a fast-paced procession of actions or events from the beginning of this year, receiving about 58% in worth in just the past week.

This is after a 1.5% downfall on the last day, which took APT from its all-time high which stood at about $14.47 on January 23 to the recent value of $12.89, data by CoinGecko reveals.

Introduced with a great amount of publicity and criticism in October of the last year, Aptos in recent times swanked a market cap of only more than $2 billion, which makes it the crypto industry’s 35th most estimated network.

The current price hype really started two weeks prior after the well-known decentralized exchange (DEX) PancakeSwap kept a community vote to carry on its deployment on Aptos. At the current times, PanCakeSwap is the leading DEX on the Aptos blockchain having $32.2 million in TVL, or 58.5%dominance. Today’s complete Aptos TVL is calculated at $55.1 million, as per the data from DefiLlama.

The value of the ATP token also witnessed a good influence from the current amalgamation into Atomic Wallet, a non-custodial multi-chain crypto wallet, along with the developing interest in Aptos-based NFT collections.

At the same time, Fantom is up by about 29% in the last week, as a set of noteworthy gains in the last weeks also aided the token to double in worth in the last month. At the beginning of this month, the Fantom Foundation publicized the victorious vote for a governance offer that permitted the creators making on the Fantom network to have revenue from gas fees on their agreements.

This was just after the introduction of Fantom’s decentralized vault last week which targets to back ecosystem projects by sponsoring 10% of the network’s transaction fees. As per Fantom, “the Vault is a new capital targeted at strengthening creators on Fantom by providing a decentralized avenue for funding projects, ideas, and developments by a community-pushed decision process.”

Back on all happenings together, Fantom rallied to $0.42 prior to January 24, to the values last witnessed in May 2022, before dropping to $0.40 today, as per CoinGecko.