Welcome back to Aptos’ Weekly Overview. The best place for Aptos community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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By The Numbers
Aptos transactions this week: 11.6M (+6.8%)
Network transactions per second (TPS): 19.1
Active users: 722.5K (-4.9%)
New users this week: 398.1K
Total staked APT: 876.7M (0%)
Aptos total value locked (TVL): $302M (-7.7%)
NFT weekly sales: 4.5K (-40.5%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of July 9, unless noted otherwise.
Inside the blockchain
🌐 What happened: Aptos Labs introduced Aptos Connect, a keyless self-custodial wallet.
🌐 Why does it matter: Aptos Connect utilizes zero-knowledge proofs (ZK-proofs) and OpenID Connect (OIDC) to verify user identities and allows them to create and manage Aptos blockchain accounts with just one click, eliminating the need for traditional private keys and seed phrases.
This integration aims to simplify the web3 onboarding process by leveraging familiar web2 login methods, making it easier for developers to attract new users, all while maintaining user privacy through ZK-proofs.
As it stands, the only way to secure ones’ Aptos account is by protecting it with a private key associated with it. While that may sound approachable for some, many users lose their private keys, have them stolen or forget to write it down when setting up their wallets. In turn, onboarding could be a cumbersome, stressful experience opposed to one that can appeal to the masses.
The new wallet enhances security and privacy by ensuring that the user's identity is not revealed or publicly stored in the blockchain. This approach could significantly lower the barrier of entry for new users who are hesitant to get into the web3 space, due to lack of knowledge and privacy concerns, among other reasons.
Aptos Connect hopes to enhance accessibility and cross-platform compatibility by supporting major login providers like Google and its future plans to integrate Apple ID.
🌐 The big picture: Aptos Connect marks a pivotal development in the evolution of wallet technology and user accessibility. It joins a list of platforms aiming to simplify crypto wallet access through traditional web2 login methods.
In general, it reflects a broader trend towards simplifying blockchain interactions and making them more user-friendly, while maintaining security and privacy.
Ecosystem wins
Mirage protocol, a perpetual futures exchange built on Aptos, launched its testnet
Aptos reached 10M transactions this past week, marking a total of 1B transactions total on the network, reported by Flipside Analyst Cristinatinto (shown below)
Kana Labs integrated keyless accounts to its in-app trading platform Tradebook on Aptos
Shinami announced that developers can utilize invisible wallets to remove the use of seed phrases and gas fees
The community is makin’ Moves
X user thecaptaingates compiled a “starter pack” list featuring some of the most popular decentralized finance apps on Aptos
ICYMI: 0xham3d_eth’s dove deep into the latest Aptos network activity from the beginning of July
AssetDash launched a 48-campaign for the Aptos community to receive the app’s premium package
Apt_everstake created a thread on X explaining the multiple use cases of the Aptos network (image below)
By the headlines
You might have seen these Aptos-related headlines recently…
Aptos launches keyless wallets that use ZK-proofs to verify identities (Cointelegraph)
CTO and Co-Founder of Aptos Labs Avery Ching spoke about the Aptos ecosystem in the Beacon Podcast
Move it or Loose It — Pioneering Blockchain’s Resource-Driven Era (Joule Finance on Medium)
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Have a startup? List your company’s open roles on the Aptos Ecosystem Job Board
Join the Aptos community at The Aptos Experience, the interactive web3 summit in South Korea from Sept. 5-6 (Shameless plug: We’ll be speaking at Aptos Experience!)
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.