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Aptos [APT]: As code commits spur blockchain development, CTO weighs in

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Aptos wants to solve the challenges faced by DeFi traders, NFT collectors, and dApp developers. Hence, it has been engaging in numerous upgrades.

Aptos [APT]: As code commits spur blockchain development, CTO weighs in

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Aptos’ market cap remained dominant over Algorand despite a dip in development activity.

– The project’s Chief Technology officer said innovation would roll out monthly.

Aptos [APT] core developers have been at the forefront of making the network seamless for users with a series of upgrades. During the week, precisely on 11 April, the blockchain, whose aim is to become the fastest and most scalable L1 protocol, announced an improvement in gas usage.


Realistic or not, here’s APT’s market cap in ALGO’s terms


The regular boat is to save the drop

Following the development, code commits on the Aptos blockchain significantly increased. As of 13 April, the commits rose as high as 33, according to Token Terminal. Code commits reveal the contributions of developers to a particular project.

However, at press time, the contributory activity decreased to 12.7.

Aptos core developers, and code commits

Source: Token Terminal

This implies that the public GitHub repositories for Aptos have taken a backseat. But Avery Ching, Chief Technology Officer (CTO) of the project, had other opinions about the occurrences in the Aptos ecosystem. 

Speaking to AMBCrypto, the CTO noted that Aptos was performing excellently with the upgrade it has made. He also mentioned that Aptos was solving a lot of problems older blockchains faced, and intends to do so monthly. Due to this, Ching said that major changes would be shipped to the Mainnet.

He said, 

“It takes existing networks years to deploy significant changes to Mainnet; the Aptos community is now rapidly shipping major changes to Mainnet almost every month.”

The CTO also did not fail to comment on the gas efficiency, which would improve data storage and produce more savings per user transaction. He opined that the project’s core developers were committed to “reading transaction fees in response to the needs of builders.”

Developers will be engaged with execution

On 8 April, Pyth Network applauded the dedication of Aptos’ developers. The smart contract data provider tweeted that the upgrade has a positive effect on its own network.

Furthermore, when compared to other L1s like Cosmos [ATOM], and Algorand [ALGO], Aptos fared relatively well per market capitalization. The market cap explains the growing popularity of a project as the asset price and the circulating supply determine the value.


How much are 1,10,100 APTs worth today?


At the time of writing, the Aptos market cap rose to $2.4 billion. It was able to override Algorand in this regard but lagged behind Cosmos. This means that the blockchain, built with the Move programming language, received more attention than Algorand.

Aptos market cap

Source: Token Terminal

Ching made further comments on what to expect from Aptos in the coming months. He hinted that the blockchain would be crucial to advancements in the web3 sector. He also reiterated that the Move functionality would be key to the monthly Mainnet changes. He mentioned:

“Application developers and core developers are working very closely to take advantage of the new developer primitives, fast finality times and leading throughput to build new experiences.”

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Victor Olanrewaju is a full-time journalist at AMBCrypto. Settled in Lagos, his fascination with blockchain technology and the cryptocurrency market arose out of his love of freedom and everything free. As a Nigerian, Victor understands the impact unfounded financial restrictions have on a population. He sees Bitcoin and cryptos as a way to circumvent these obstacles, as a tool for value creation despite all the setbacks. A graduate in Physics, Victor previously worked as a Senior Marketer at Melange Technologies. Before that, he dealt with crypto-marketers on a regular basis in his capacity as Copywriter at Ventrix Media. At AMBCrypto, Victor’s focus is on assessing the real effectiveness of both on-chain and off-chain developments on a project and its community sentiment.
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