Solana entered the market as the Ethereum killer and disrupted all charts in terms of transaction volume. However, network outages and other issues sometimes overshadowed its success. Subsequently, we saw fast and cheap alternatives like Solana emerge, with APTOS, using Libra’s MOVE language, leading the way.
Aptos (APT) Sets New Record
Facebook’s Libra excited investors greatly but did not last as long as expected. This team, consisting of former Facebook (now Meta) employees, launched their own layer1 network named Aptos. Now, Aptos has achieved another milestone. The network hosted 115 million transactions in a single day, surpassing Solana in daily transaction count.
On May 25, while the Solana network saw 31.7 million transactions in a single day, Aptos achieved a significant success. This record in transaction volume surpassed the previous layer1 record held by Sui Network, which was over 65 million, by 50%.
According to Aptoscan, on the day the record was broken, the number of transactions per second on the network jumped to 32,000. This indicates a new record in TPS (transactions per second). These data showing a significant increase in activity on the Aptos network are also positive for the future of APT Coin price.
Why is Aptos in the Spotlight?
Such anomalies usually indicate that one or several protocols are receiving abnormal traffic. This case is no different. The new game called Tapos Cat allows Aptos users to earn HEART tokens by tickling a virtual cat. Remember, BONK Coin had a similar story. During the first 72 hours of the game, transaction fees were waived, so those wanting free tokens kept tickling the cat for 72 hours straight. Those who thought this new token could bring them profit likely used both hands and two different computers to achieve such a massive transaction count.
Helius Labs CEO raised doubts about the lasting power and practical benefits of Tapos Cat, stating that the game’s click and purchase interactions caused an inflation in network activity.
Meanwhile, APT Coin was still below $10 and did not experience a significant price increase. Perhaps with the interest in this new token, we could see a scenario similar to Solana’s BONK Coin, where the Aptos community is rewarded.
