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: 27.1M (-24.6%)
Network transactions per second (TPS): 44.8
Active users: 2.5M (-28.8%)
New users this week: 1.2M
Total staked APT: 911.05M (-0.2%)
Aptos total value locked (TVL): $777.7M (-6.3%)
NFT weekly sales: 4.8K (-37.9%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of Nov. 4, unless noted otherwise.
Inside the blockchain
🌐What happened: Midnight, a game publishing studio, announced it will launch Midnight Market. This is its first release of a 26-game series within The Evergreen, Midnight’s “deconstructed MMORPG platform.”
🌐Why does it matter: This platform is built in collaboration with the Aptos Foundation and is powered using the Aptos blockchain. The Evergreen looks to stand out from traditional MMO platforms by combining interoperability and cross-genre gameplay to create a decentralized gaming experience.
Midnight will incorporate traditional AA gaming experiences with the advantages of blockchain technology, such as customization and in-game tokenomics. This method can offer players enhanced engagement and the ability to take control of their in-game items, while removing the limitations of single-theme MMOs.
The Aptos network offers high throughput and low latency to enhance user experience. This enables a seamless interoperable experience that encourages gamers to participate in a player-driven environment. Midnight teaming up with the Aptos Foundation showcases the potential that web3 infrastructures can have on creating and enhancing decentralized gaming worlds.
🌐The big picture: A big choke point for web3 games – and blockchains they choose to build on – is the inability to handle large amounts of users playing at the same time. Aptos has proven in the past it can adequately handle a large amount of transactions through other games like the “tap-to-earn” Tapos app. So, if Aptos can also handle the mass influx of players, it can showcase the blockchain’s ability to handle high levels of throughput and the immense amount of growth that web3 games have.
As Midnight’s platform expands, the blend of interoperability, engaging gameplay, and blockchain-powered economies could pave the way for more decentralized experiences across the web3 gaming industry.
Ecosystem wins
ByBit hosted a livestream with co-founder Avery Ching and various Aptos ecosystem projects
SK Telecom’s T wallet integrated support for Tether on the Aptos blockchain
Aptos stablecoin market cap hit an all-time high of $294.24M on Nov. 2 (shown below)
Source: DefiLlama
The community is makin’ Moves
By the headlines
You might have seen these Aptos-related headlines recently…
Aptos: A Prospective Analysis of the Move-Based Layer 1 Blockchain (Eden on X)
E6: Aptos Revolutionizing Global Monetary System (PFP Podcast)
ON–288: DeFi Ecosystems - Coverage on Sui and Aptos (Our Network)
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Attending DevCon? Check out a list of Aptos ecosystem events going on
Learn about the security aspects of the Move programming language on Aptos at DeFi Security Summit
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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.