Movemaker to bring multi-million dollar support to Hong Kong builders and the broader Chinese market to expand Aptos
Aptos Weekly Overview - January 30, 2025
Aptos Weekly Overview - January 30, 2025
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: 36.3M (+3.9%)
Network transactions per second (TPS): 60
Active users: 5.7M (+6.2%)
New users this week: 2.9M
Total staked APT: 878.14M (0%)
Aptos total value locked (TVL): $986.8M (-5.1%)
NFT weekly sales: 1K (-1%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of Jan. 27, unless noted otherwise.
Inside the blockchain
🌐What happened: The Aptos Foundation has launched Movemaker, a community organization focused on expanding the ecosystem in the “Chinese-speaking region,” the team said in a blog post on Monday.
🌐Why does it matter: The initiative is co-initiated by Aptos-centric web3 accelerator Ankaa and Asia-based venture studio BlockBooster. It is focused on expanding Aptos’ reach in Chinese-speaking communities through “multi-million-dollar funding and resource support” from the foundation. The exact amount was not disclosed.
Movemaker operates under autonomous decision-making, which means it will make choices without outside factors and operate in a decentralized manner. It’s focused on addressing the needs of builders within the region, in hopes of expanding the network’s reach across new developers.
The Chinese-speaking community is “a massive driver of growth across all of web3,” Aptos Labs CEO and Cofounder Avery Ching said in a statement. Ash Pampati, head of ecosystem at Aptos Foundation, echoed this statement by adding, “Movemaker is an ode to the Chinese-speaking Aptos community and represents our commitment to unlocking the limitless potential of incredible builders to launch global products.”
The initiative will focus on a handful of key areas, including: an ecosystem grant program focused on projects in DeFi, AI and blockchain, payment solutions, stablecoins and real-world assets. It will also use Hong Kong as a regional hub and expand community development and outreach across the Chinese market through activations like hackathons, technical workshops and meet up events.
🌐The big picture: The ultimate goal for this initiative is to drive greater ecosystem growth on to Aptos. The team hopes to onboard 1 million new users and increase onchain activity and community influence five-fold, it stated.
Ecosystem expansion is at the forefront of every blockchain, but tapping into specific regions can allow for more tailored results. By focusing in on providing grants to specific sectors like DeFi, payments and more, it can result in more curated projects entering the network through the region.
The Chinese market in general is often filled with strong market players and fresh insights. Thus, building a dedicated resource and organization in the Chinese-speaking market could help expand the potential for what’s possible onchain and on Aptos.
Ecosystem wins
Aptos shares how devs can mint tokens “without reinventing the wheel” by using the Fungible Asset (FA) Standard
Merkle Trade weekly notional trading volume is at $500M, up over 175% YTD, according to Token Terminal data
Over 2.75M new wallets joined the Aptos blockchain between Jan. 20-26, a new peak since the chain launched, alongside other accolades reported by Onhain Data Analyst Azin
Circle’s CCTP is live on Aptos, which means developers and users can transfer USDC to the network from 9 other blockchains
Aptos block time was 0.21s on Jan. 29, making it faster than Arbitrum and Solana (shown below)
Source: Chainspect
The community is makin’ Moves
Metamove released a Move AI Agent Kit for developers to deploy DeFAI-related tokens
Want to learn more? Check out this thread about AI opportunities on the network by Aptos Foundation Developer Growth Lead Kevin Ang
Spooks hosted an X space about the latest web3 gaming developments on Aptos
Aptos Labs Head of Ecosystem Neil Harounian departs after three years
Apollo Asset Management, which has $730B in AUM, launched a new fund on six blockchains -- including Aptos, with a focus on tokenizing private credit for investors
Echelon lending protocol is a standout project in DeFi as it surpassed $100M in TVL, explains X user 0xobsessed in an article on X
By the headlines
You might have seen these Aptos-related headlines recently…
On the Aptos Blog
ICYMI: Kana Labs launched a podcast
Episode 1: The origin of Kana Labs and its ongoing journey of building on Aptos
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Write on your calendars: Aptos AIP Community Review on Feb 12, 2025 at 9AM PST (5pm UTC) - Zoom link here
Going to Consensus Hong Kong? Register for the hackathon in mid-February, co-presented by Aptos Foundation
Play VibrantX Finance’s minigame for a chance to win 2M in $VIBE pooled tokens, check out the rules here
Celebrate the Lunar New Year with Aptos by sending and receiving Hongbao with Aptos Connect until Jan. 31
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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.