DEX Aries Markets integrates web2 logins via Aptos Connect
Aptos Weekly Overview - July 25, 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
Aptos transactions this week: 6.5M (-45.7%)
Network transactions per second (TPS): 18.9
Active users: 374.2K (-51.6%)
New users this week: 132.9K
Total staked APT: 873.55M (+0.30%)
Aptos total value locked (TVL): $395.7M (+5.1%)
NFT weekly sales: 3.3K (+5.7%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of July 24, unless noted otherwise.
Inside the blockchain
🌐What happened: Aries Markets, a decentralized exchange, integrated Aptos Connect to allow Google sign-in.
🌐Why does it matter: Aries Markets uses the Aptos-based Move programming language to provide trading services such as borrowing, lending, and swaps of tokens.
The integration of Aptos Connect aims to provide easier onboarding for users who are interested in trading crypto but don’t want to have a complicated experience. Aries Markets also aims to make it easier for developers to attract new users by leveraging familiar web2 login methods, all while using Aptos technology.
Instead of having to learn web3 technology, this addition significantly lowers the barrier to entry for new users entering the Aptos network or crypto in general. As new entrants are often hesitant to engage in the space due to security concerns, lack of knowledge or privacy concerns, among other things.
🌐The big picture: Aries Markets’ integration of Aptos Connect and highlight of $400 million in TVL marks a pivotal development in its evolution toward better user accessibility and onboarding practices. It joins a list of other platforms in web3 aiming to simplify crypto exchange access through traditional web2 login methods.
In general, it reflects a broader trend by platforms, decentralized apps (dApp), and protocols alike that are trying to simplify blockchain interactions and make them more user-friendly, all while maintaining security and privacy.
Ecosystem wins
Aptos reached 800K active users this past week, with more than 409K new users, Flipside Analyst Cristinatinto reported (shown below)
Ambitious Dirt, a creative studio featuring artists from Dreamworks and Sony, shared a teaser of its upcoming game on Aptos
Econia Labs released its beta access campaign for its upcoming dApp, emojicoin.fun
Anqa, a token swap platform on Aptos, introduced Nest, the platform’s gamified experience campaign
PayMagic, a new game in which each “tap” from a user translates to a transaction on Aptos, launched its app on Warpcast
The community is makin’ Moves
ICYMI: Listen to Aptos All Access and hear from projects building on Aptos
MoveSpiders created a thread outlining eight use cases for the Move programming language
X user DrAlcista provided an overview covering the Aptos network
Apt_Everstake on X shared Aptos NFT activity reached over 3.77M transactions and had over 600K unique wallets (shown below)
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Vote on the latest Aptos Governance proposal to contribute towards faster latency improvements and theoretically optimal BFT consensus
Join the community for Code Collision, a multi-week hackathon for building dApps on the Aptos network
Meet up with the Aptos community at The Aptos Experience, an interactive web3 summit in South Korea from Sept. 5-6
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This product was built by Token Relations.
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.