Aptos Flips Solana in Daily Transactions, Here’s Why


Aptos has achieved a new milestone in blockchain transactions, surpassing Solana by recording 96.6 million transactions in a single day, compared to Solana’s 31.7 million.

This surge in transaction volume is a record high in the Layer 1 blockchain industry, surpassing the record set by Sui Network by more than 50%.

Factors Behind Aptos’ Surge in Transactions

Increased transactional activity on Aptos can be linked to the release of a new tap-to-earn game called Tapos Cat. This game has been quickly adopted, and within the first day on the mainnet, it processed 10 million transactions.

Tapos Cat is a game that enables users to accumulate $HEART tokens as a reward for engaging in the game, which entails ‘tickling’ a virtual cat. The structure of the game provides for multiple transactions, and no gas fees are taken for the first 72 hours of the game’s operation.


Source: Artemis

Moreover, Aptos has kept the gas fees and the success rates relatively constant even though the transactions are quite frequent. Such stability is achieved due to the Aggregator functionality provided on the Aptos platform, which allows for multiple transactions to be performed simultaneously.

This technical capability has evidently been instrumental in addressing the issue of increased load on the network without negatively impacting the performance.

Criticism and Defense of New Transaction Models

Despite the entry of Tapos Cat, not everybody raised the baton to celebrate its arrival on the scene. The CEO of the Helius Labs has recently shared his doubts about the game’s longevity and practical application. He notes that the game mainly encourages users to click and buy, which he believes is done to manipulate numbers rather than serve users’ needs.

In defense of the Aptos approach, its supporters have pointed out that innovation is the key to success and that the company is staffed with the best professionals. They state that although Tapos Cat might seem to lack an intrinsic use case at first, it is a crucial engineering endeavor that establishes the viability and durability of the Aptos network.

Thus, reaching high transaction volumes without increasing gas fees or having failed transactions, the game proves the network can operate large-scale operations.

Meanwhile, amid this development, Aptos (APT) price has been bullish in the last 24 hours. At press time, APT was exchanging hands at $9.05, a 1.46% surge from the day’s support. Solana (SOL) price, however, has had a tough time in the last 24 hours, failing to breach the $170 resistance. Trading at $167 at press time, SOL was down 0.96% from the intra-day high. 

Read Also: Elon Musk’s xAI Teams Up with Oracle for AI Supercomputer

✓ Share:

Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source link


Please enter your comment!
Please enter your name here