Aptos blockchain, backed by Meta’s Diem engineers, sees explosive growth with a 43% increase in active accounts and record transactions and a surge in its native token, APT.APT, currently valued at $9.40 with a market cap of $2.88 billion, has drawn comparisons to “Solana killer” and is predicted to reach $10.86 by January 2024.
The Aptos blockchain, led by Meta’s Diem engineers, has recently experienced a remarkable surge in activity, signaling a potential shift in the digital asset landscape. Notably, the Aptos blockchain has witnessed an explosive surge in activity.
According to data provided by, Aptos Explorer active accounts on the platform have surged by an astonishing 43%, skyrocketing from 667,382 to an impressive 955,961 between December 23 and now. This substantial increase in active accounts reflects a growing interest in the Aptos blockchain.
Unprecedented Daily Activity
The daily activity on the Aptos blockchain has reached unprecedented levels. On December 26, the platform saw an astounding 113,480 daily active users, demonstrating robust engagement within the network. This surge in daily activity underscores the growing popularity and utility of Aptos.
One of the most notable achievements during this surge in activity was the record-breaking transaction volume. On December 24, the Aptos blockchain recorded an impressive 3.88 million transactions in a single day. Moreover, the peak transactions per second (tps), a critical metric for evaluating blockchain efficiency, reached an all-time high on December 29, hitting 323 tps. These figures highlight the scalability and efficiency of the Aptos blockchain.
APT Token’s Roller-Coaster Ride
Since its mainstream launch in October 2022, Aptos has drawn attention as a potential “Solana killer,” drawing comparisons with the influential blockchain outlier. Aptos’ surge in online activity, combined with unexpected bursts, often precedes significant price movements. After hitting a local bottom in mid-October, APT demonstrated impressive growth, surging by 118%, aligning with broader crypto market trends.
The surge in user activity on the Aptos blockchain has raised questions about the future of the APT token. While the crypto community eagerly awaits further developments in what some call “the next Solana,” it is important to consider the potential for a sustained rally for the APT token. The combination of heightened interest and technical indicators suggests a positive outlook.
The native blockchain token, APT, experienced a roller-coaster ride in sync with the heightened activity. APT witnessed a surge of over 17%, reaching a peak but subsequently undergoing a correction of 13.5%. Presently, APT is valued at $9.40, boasting a market capitalization of $2.88 billion, securing its position as the 32nd largest cryptocurrency. This current valuation underscores the growing interest and investment in the Aptos ecosystem.
Technical Analysis Supports Bullish Sentiment
Technical analysis further bolsters the bullish sentiment surrounding APT. The Aptos Fear & Greed index currently stands at 71, indicating “extreme greed” among investors. Additionally, the token is trading above its 21-day and 50-day Exponential Moving Averages (EMAs), signaling strong upward momentum. These indicators suggest that APT may continue its upward trajectory.
Experts in the cryptocurrency space have weighed in on the future of APT. Some experts predict that APT could reach $10.86 by January 2024. This optimistic projection reflects the positive sentiment and the strong performance of the Aptos blockchain and its native token.
$APT #Aptos #APT