Aptos record 48.5M daily transactions surpassed Ethereum and Base by 50x
Aptos Weekly Overview - August 15, 2024
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
Active users: 100.8K (-87.8%)
New users this week: 31K
Total staked APT: 857.73M (+0.4%)
Aptos total value locked (TVL): $384.8M (+13%)
NFT weekly sales: 1.9K (-66.1%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of Aug. 12, unless noted otherwise.
Inside the blockchain
🌐What happened: Aptos recorded 48.5 million transactions on August 13, surpassing Ethereum and Base in daily transactions, which respectively recorded 1.1 million and 4.0 million transactions during the same time frame. (chart below)
🌐Why does it matter: The recent spike in activity on Aptos can be attributed to the launch of Tapos Cat’s second game "Jump Jump and Jump", a "tickle-to-earn" game that gained popularity since the launch of its first game. In late May, Aptos surpassed Solana by daily transactions at the time, with more than 10 million transactions coming from Tapos.
Tapos has brought in hundreds of millions total transactions and within two days on mainnet, the game processed over 300 million transactions. The Aptos network processed over 147 million daily transactions and surpassed 4,000 transactions per second, at the time of writing. These numbers pose as impressive stats considering it is the second day of the game’s release and there’s continued momentum.
Tapos Cat offers users the opportunity to earn $HEART tokens by interacting with a virtual cat through "tickling," which results in multiple transactions to occur.
"Bots or not (this is a permissionless network after all) let’s be honest, how many chains could have handled a spike like that," Mo Shaikh, cofounder of Aptos Labs, said in a post on X. "Aptos handled the volume surge without skipping a beat."
And it’s true, stress-testing a chain’s capabilities is important, especially as they continue to scale. If a chain can’t handle a significant amount of transactions, it’s in for a rough future. But Aptos hitting peaks shows the blockchain’s capabilities today to handle surges effectively.
🌐The big picture: Aptos has managed to maintain consistent gas fees and successful transactions, even when transaction volumes spiked. This stability is a result of the network’s aggregator feature, which enables the simultaneous processing of multiple transactions, ensuring a seamless and efficient user experience.
As this metric continues to transpire, the amount of transactions on the network can become an attractive measurement for interest in Aptos, the growing web3 gaming landscape and overall viability of the chain
Ecosystem wins
Aptos released a major update to its developer docs to simplify and enhance the building process on the network
Panora Exchange announced its partnership with Shinami to provide gas feeless swaps on Aptos
TradePort integrated Aptos Connect to bring Google sign-in to its multichain trading platform
Xangle launched Aptos Explorer and Community Hub to expand reach to the Korean and Japanese demographics
The community is makin’ Moves
Relisten to Aptos Labs’ Move Monday X space that dives into developer related and web3 gaming questions from the community
X user sad_eeq2 created a thread to cover the Aptos network and its transaction data in the last 30 days
See what Aptos NFT collections were trending this past week (shown below)
Source: AptosDailyTK on X
By the headlines
You might have seen these Aptos-related headlines recently…
Aptos Co-founder Avery Ching wrote an article on X about dynamic parallelism and its use case
Aptos Lead Software Engineer Wolfgang Grieskamp created an in-depth overview of proposal AIP-91- Enum Types in the MoveVM
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Participate in Code Collision and connect with the Aptos developer community at various workshops held around the world:
Aptos’ Code Station in NYC from Aug. 20-22
Aptos’ Code Station in Seoul from Aug. 21-23
Aptos’ Code Station in Palo Alto from Aug. 22-23
Join the Aptos community at The Aptos Experience, the interactive web3 summit in South Korea from Sept. 5-6
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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.