Connect with us


Aptos [APT] ‘outperforms’ other chains on this front, but here’s the ‘but’ of it all



Source: Unsplash

  • Aptos was the fastest among major networks with a block finality time of less than a second
  • The average transactions per second on Aptos network declined steadily since launch

While it’s still quite early, Aptos [APT] can be safely counted as one of the success stories of 2023.

The value of its native token more than tripled on a year-to-date (YTD) basis while its market cap exploded past the $1 billion-mark over the same time period.

Amidst all the hype, on-chain analytics firm Messari recently shared an important report about the block finality times across blockchains. As per the report, Aptos is the fastest among major networks with a median time-to-finality (TTF) value of less than a second.

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

Aptos yet to realize potential

Aptos has pitched itself as the fastest layer-1 blockchain, capable of processing more than 160k transactions per second (TPS). Unlike other blockchains, Aptos uses a parallel execution mechanism, one which helps in reducing latency and generating faster transaction speeds.

With a very low TTF, as pointed out by the aforementioned analysis, Aptos can be accessible for a huge number of users at a time. Especially when some of the other popular chains suffer from scaling constraints.

However, despite the big claims, the average TPS on the network has declined steadily since launch. In fact, it stood at just 5.51, at the time of writing.

Source: Aptoscan

One of the reasons behind the disparity could be because the chain’s limits haven’t been tested yet due to insufficient activity.

Solana [SOL], against which APT has been consistently positioned, has a slightly higher TTF range of 1-2 seconds. However, it is one of the fastest when its large node count is considered. Aptos has a node count of only 104.

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

State of the Aptos Network

Aptos recorded a significant decline in the total funds deposited on its smart contracts. The total value locked (TVL) fell by more than 13% over the last 30 days.

Source: DeFiLlama

On the other hand, the NFT trading volume picked up with a 24-hour hike of 134%, as of 6 March, data from Santiment revealed.

Furthermore, the development activity metric appreciated sharply over the past week. This indicated that developers have been continuously working to clean out the glitches and improve network performance.

That being said, investors’ sentiment has been negative over the past month. This could be due to a combination of  regulatory uncertainties which have gripped the broader crypto-market. Here, it’s worth highlighting APT’s underwhelming price performance in February, one during which it shed more than 30% of its value.

Source: Santiment

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.