APT has increased in value by about 19% and 11.1% during the past day compared to the US dollar and the price of one bitcoin, respectively. The blockchain token with VC backing has been able to place itself among the top 60 coins with the highest market capitalizations.
Infusion from venture capital (VC) firms and cryptocurrency exchanges like a16z, Binance, and FTX.
APT has increased in value by about 19% and 11.1% during the past day compared to the US dollar and the price of one bitcoin, respectively. The blockchain token with VC backing has been able to place itself among the top 60 coins with the highest market capitalizations.
Following the announcement by the Aptos Labs developers that the project's mainnet launch would take place on Monday, October 17, 2022, a new token has risen to the top 100 largest cryptocurrency market caps. Before the mainnet debut, VC firms and cryptocurrency exchanges like Multicoin Capital, Binance, FTX, and Andreessen Horowitz invested millions in the layer one (L1) blockchain project (a16z).
Mo Shaikh and Avery Ching, the co-founders of Aptos Labs, worked on the now-defunct Diem blockchain project for Facebook (now Meta). Aptos received a lot of criticism from the cryptocurrency community after the mainnet went live because the blockchain, which had been branded a "Solana killer," was attacked right away.
In a tweet, a Paradigm engineer emphasised that "Aptos is broken" and said that the network's [transactions per second (TPS)] are currently lower than those of Bitcoin and that the bulk of tokens are either staked or prepared to be pumped onto retail investors. The Paradigm engineer claimed that Aptos was capable of 4 TPS at the time but promised 100,000 TPS when it was finished.
While writing this, Aptos is averaging 16.68 TPS and 8,188,514 APT transactions have been completed. The 2.87 TPS Bitcoin recorded on October 22 has been surpassed by the current 16 TPS observed by the Aptos explorer.
The native token APT has managed to position itself in the top 60 rankings in terms of market capitalization size while the Aptos blockchain is still relatively young. Apotos (APT) is currently ranked 52 out of more than 13,000 crypto project listings.
The total supply of APT tokens is 1,000,935,772 and there are currently 130,000,000 tokens in circulation. APT experienced $322.34 million in global trade activity on Saturday, October 22, and as of this writing, the market cap is slightly over $1 billion, or roughly $1,060,489,188. According to market statistics, the APT token has been trading for between $7.24 and $8.65 per unit today. The Aptos blockchain currency has increased by more than 20% since it hit a low of $6.73 per coin three days ago.
On Saturday, Huobi Global is the most active exchange, and Huobi is followed by Binance, Okex, and Digifinex, in that order. The most popular trading pair with APT right now is Tether (USDT), followed by BUSD, USD, and BTC.
