Thursday, March 28, 2024
by Hideo Nakamura
Rank #24
Aptos (APT)

Aptos APT

$ 17.61
0.00024883 BTC
Marketcap
$ 7,026,148,415
Volume (24h)
$ 324,866,463
Circulating Supply
396,797,246 APT
Total Supply
1,088,063,545 APT
All time high price: $ 19.92 11.60%
All time high date: January 26, 2023
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* Currency in USD
Historical Price for Aptos
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Aptos Markets
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APT

Aptos (APT) price has decreased -1.28% today!

Aptos (APT) is a cryptocurrency that operates on a blockchain. Currently, it is trading at $ 17.61 and a market capitalization of $ 7,026,148,415. The price of Aptos has decreased -1.28% in the last 24 hours. Currently, Aptos ranks #24 among all cryptocurrencies by market capitalization and has a daily trading volume of $ 324,866,463.

Aptos (APT), a novel layer-1 blockchain, leverages the innovative programming language known as “Move”. It offers a powerful foundation for decentralized application (dApp) development while aiming to draw widespread adoption to web3 technology.

A Closer Look at Aptos

Aptos emerged out of the collaborative efforts of Mo Shaikh and Avery Ching, who both previously worked at Meta (formerly Facebook). While at Meta, they were actively involved in the Diem blockchain project. After Diem’s discontinuation in early 2022, Shaikh and Ching co-founded Aptos Labs. A significant number of the Aptos team members were originally part of the Diem project.

Technical Innovation and Performance

Aptos stands apart from its peers through its unique approach to transaction throughput. It boasts a theoretical transaction throughput of over 150,000 transactions per second (tps), significantly higher than the Ethereum network’s mainnet tps of 12 to 15.

Funding and Valuation

In March 2022, Aptos raised an impressive $200 million in a seed round. Major venture capital firm Andreessen Horowitz (a16z) led the funding round. Several other industry giants, including Tiger Global and Multicoin Capital, were also involved. Following this, in July, Aptos raised an additional $150 million in a Series A round spearheaded by FTX Ventures and Jump Crypto. By September, Aptos’ valuation reached a whopping $4 billion after Binance Labs invested an undisclosed amount.

Aptos (APT)

Key Aspects of Aptos

Aptos Consensus Mechanism

The backbone of Aptos’ security infrastructure lies in its two consensus protocols – Proof-of-Stake (PoS) and AptosBFT, which is a custom-made consensus algorithm inspired by the HotStuff protocol. This infrastructure can continue to function optimally even in scenarios where some network participants either become unresponsive or act maliciously.

Aptos Tokenomics

APT, Aptos’ native token, has an initial total supply of 1 billion. The token distribution has been divided as follows: Community (51.02%), Core Contributors (19.00%), Foundation (16.50%), and Investors (13.48%).

Aptos Mainnet Launch

Aptos mainnet went live on October 18, 2022. Prior to its launch, Aptos conducted a series of testnet campaigns to encourage developers, node operators, and auditors to test and launch applications on the network.

Aptos Bridge

The Aptos Bridge, launched by on-chain user application protocol LayerZero Labs, facilitates the transfer of ETH, USDC, and USDT from various other chains including Ethereum, BNB Chain, Polygon, Avalanche, and Optimism to Aptos.

Where Can You Buy Aptos (APT)?

APT can be purchased and traded on numerous exchanges including Binance, Huobi, KuCoin, and Coinbase, among others.

In a rapidly evolving blockchain ecosystem, Aptos seeks to make a significant impact with its unique offerings. Its high transaction speed, robust security infrastructure, and innovative use of the Move programming language provide a solid foundation for dApp developers and users alike. As with any investment, thorough research and a comprehensive understanding of the project are key before diving in.

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