<\/p>\n
The Layer 1 blockchain achieved record throughput with 115 million transactions on May 24.<\/p>\n
Activity on Layer 1 blockchain Aptos soared last week, with the network spiking 2,000% from 875,000 transactions on May 21 to 16 million the following day.<\/p>\n
According to Aptoscan<\/a>, the network maintained its momentum on May 23 and May 24, processing 97 million transactions on Friday and 115 million on Saturday, an all-time high.<\/p>\n Transactions cooled off to 24 million on May 25, but remain well above the average.<\/p>\n Aptos aims to top 1 million transactions per second (TPS), and on May 24, it achieved an all-time high of 1,078 TPS.<\/p>\n APT has spiked 6% today to $9.65, according to CoinGecko<\/a>. At $4.1 billion, its market cap is down 30% from its March 26 peak of $7.1 billion.<\/p>\n The spike in transactions has now placed Aptos ahead of some leading blockchains. Solana, which usually lands first for transactions, registered 32 million, according to Coin98 analytics<\/a>. Sui and Near Protocol rounded out the top 4 with 19 million and 9 million, respectively.<\/p>\n It appears a number of factors are driving users to use Aptos. Thala Labs, a DeFi liquidity engine, is integrating USDM<\/a> for tokenization on Aptos, and the TruFin protocol is enabling<\/a> institutional-grade staking on the network.<\/p>\n However, some users reckon<\/a> that spikes in transactions happen all the time, usually induced by bots or voting activity on proof-of-stake ecosystems like Aptos. Time will tell whether the flurry in activity is temporary.<\/p>\n Aptos is a Layer 1 developed<\/a> by former Facebook employees that saw a lot of hype in the build-up to its launch in Oct. 2022. The project touts<\/a> upgradeability, the Move programming language and a \u201cpeople-first user experience\u201d as some of its key differentiators from existing Layer 1 networks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Layer 1 blockchain achieved record throughput with 115 million transactions on May 24. Activity on Layer 1 blockchain Aptos soared last week, with the network spiking 2,000% from 875,000 transactions on May 21 to 16 million the following day. According to Aptoscan, the network maintained its momentum on May 23 and May 24, processing […]<\/p>\n","protected":false},"author":2,"featured_media":311048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-311045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=311045"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311045\/revisions"}],"predecessor-version":[{"id":311051,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311045\/revisions\/311051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/311048"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=311045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=311045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=311045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}