Aptos (APT) Shatters Records with 326M Daily Transactions, Outperforming Solana
Aptos, a layer-1 blockchain, has once again defied expectations by hitting a staggering 326 million daily transactions, marking a new industry benchmark. This impressive figure surpasses Solana’s daily transaction count by a significant margin of 8.5 times.
The driving force behind this unprecedented network activity is Tapos Cat, a popular click-to-earn game that has taken the Telegram ecosystem by storm. The game’s second iteration generated a mind-boggling 500 million transactions within just three days, contributing significantly to Aptos’ record-breaking performance.
Avery Ching, co-founder and CTO of Aptos Labs, expressed his enthusiasm for the achievement, stating, “This achievement more than doubles the previous record set…Web3 infrastructure is ready for the large-scale and novel use cases in the world.”
The surge in Aptos’ network activity has ignited discussions about the platform’s potential to rival Solana and Sui in the DeFi space. The blockchain’s ability to handle such a massive transaction volume demonstrates its readiness for large-scale applications and its potential to become a leading player in the industry.
Aptos vs. Solana: A Battle for Transaction Supremacy
In a separate development, Aptos and Solana have emerged as the top performers in terms of transaction volume over the past week. Solana claimed the top spot with 273 million transactions, followed closely by Aptos with 197 million. This highlights the intense competition between these two blockchains for dominance in the high-performance segment.
APT Price Outlook
While the record-breaking transaction numbers have generated positive sentiment, APT’s price has experienced some volatility. Technical indicators suggest a potential price reversal, with the Stochastic RSI in the oversold zone. If market conditions improve, APT could aim for the $7 supply area, representing a 14% gain. However, if short-sellers gain momentum, the $5 support level may become a crucial testing ground.
Aptos Price Prediction
Analysts predict a bullish outlook for APT, with a potential high of $7.69 by the end of 2024. In the longer term, the price is expected to range between $8.49 and $10.22 in 2025 and between $53.74 and $65.18 in 2030.
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