Aptos blockchain shoots Up 130% in just one week as ecosystem expands

Alternative crypto project Aptos (APT) that has set its sights on becoming a top competitor to established smart contract platforms like Ethereum and aiming to surpass the lightning-fast transaction speeds of Solana (SOL), has recently emerged as the top performer among the top 100 crypto assets by market capitalization, registering substantial gains over the past week.

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The whitepaper describes the new blockchain as:

“…designed with scalability, safety, reliability, and upgradeability as key principles, to address these challenges. The Aptos blockchain has been developed over the past three years by over 350+ developers across the globe. It offers new and novel innovations in consensus, smart contract design, system security, performance and decentralisation. The combination of these technologies will provide a fundamental building block to bring Web3 to the masses.”

Currently, Aptos (APT) has seen an increase of 109% in the last 7 days, reaching an all-time high of $8.67 after experiencing a low of $3.76 just a few days ago. At one point, the cryptocurrency was even up by 130%.

The Aptos blockchain utilizes a programming language called Move, which was initially developed for Diem, a crypto project that was previously undertaken by Meta but has since been abandoned.

The Aptos chain aims to further the original objective of Diem, which is to create a high-speed and scalable blockchain that is user-friendly and accessible to a wide range of individuals.

The Aptos ecosystem is experiencing a surge of activity, with a variety of projects and milestones emerging. One such example is Atomic Wallet, a globally-used self-hosted cryptocurrency wallet, that has recently announced its support for APT holders.

Furthermore, Flow, a blockchain platform created by the developers behind the renowned Ethereum-based game CryptoKitties, has adopted Jolteon, a coding protocol developed by the leaders from Aptos, showcasing the growing interest and acceptance of the Aptos ecosystem.

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