The growth of cryptocurrency networks in the long term is contingent upon building more beneficial applications. Currently, many level 1 (L1) and level 2 (L2) platforms strive to survive in an increasingly competitive environment. Each network has its strengths and weaknesses, with some remaining overshadowed by their mediocrity. Where does Aptos fit into this landscape?
The Future of APTOS
Launched as a competitor to Solana $192 and utilizing the MOVE programming language, APTOS presents a swift and cost-effective alternative. It has already carved out a notable position within the industry. Despite strong competition in this field, alternatives like APTOS have significant roles to play in a multi-chain future.
Given that many users in the cryptocurrency ecosystem view paying several dollars for a single transaction confirmation as excessive, APTOS has the potential to thrive in the long run.
Chainlink and APTOS
We have previously discussed Chainlink $20, which has nearly monopolized blockchain-based Oracle services and dominates the DeFi world. This is not an exaggeration, as it is one of the oldest ventures in this space. Today, it has been announced that the APTOS network has integrated Chainlink price feeds.
Aptos now provides developers with the infrastructure needed to create safer and more innovative Web3 applications. Chainlink, known for its decentralized data standards, particularly offers price feeds for DeFi protocols.
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, expressed excitement regarding this recent development. He noted that the adoption of Chainlink standards by Aptos would enhance the reliability of applications built on the network and he eagerly anticipates the innovative solutions that developers will create.
Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, also expressed satisfaction with developers’ ability to access fast, accurate, reliable, and user-friendly data for their protocols.