Aptos, a blockchain aiming to drive mainstream adoption of Web3 and solve real-world user problems, has shown positive performance recently due to favorable ecosystem developments. The price of APT, its native ecosystem token, has also experienced a modest increase in value.
In the last 24 hours, the Aptos price has risen by 1.40% to reach $9.46, continuing a positive trend from the past week, during which it saw a 1.09% gain, moving from $8.44 to its current price. The coin’s all-time high is $19.92, which is currently down 52.39% at the time of this report.
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Aptos (APT) Daily Chart (Source: Coinmarketcap.com)
Meanwhile, recent data shows a notable rise in activity within the Aptos ecosystem, underscoring its increasing adoption and continued momentum in the industry.
Key drivers of Aptos (APT) bullish sentiment
Aptos (APT) is a layer-1 blockchain platform created by former Facebook engineers. It recently achieved a groundbreaking record. According to Aptoscan data, the platform processed 115.4 million transactions daily on May 25.
This accomplishment broke previous records and surpassed the L1 record of over 65 million held by the Sui Network by more than 50%. Several analysts have also confirmed Aptos is outperforming Solana. A recent tweet by Anboto Labs revealed that the Aptos blockchain network processed 115.4 million transactions in a single day on May 25, compared to Solana’s 31.7 million.
The recent rise in transactions on Aptos is attributed to the popularity of Tapos Cat, a new tap-to-earn game, as per the report. TaposCat is similar to Notcoin (NOT), which is based on Ton, and Tapswap, which is based on Solana, and all three are launched on Telegram.
On its initial day, TaposCat facilitated more than 10 million transactions, leading to a significant increase in platform activity.
The game enables users to acquire HEART tokens by engaging with a virtual cat and offers a fee-free experience for the first 72 hours, thereby encouraging more players to participate.
Additionally, in a recent weekly report shared by Aptos, an analyst highlighted key statistics, including 316 million completed transactions, 395,000 new users, 272 active contracts (with 22 being newly established), a substantial 178,000 transfers to centralized exchanges, and an impressive $63.5 million in bridged volume.
Network growth and RWA point to potential Aptos price surge
Aptos (APT) recently announced a partnership between ‘Thala’ and Mountain Protocol on the Aptos blockchain. This collaboration aims to expand the token offerings within the Aptos ecosystem.
The incorporation of real-world assets (RWA) into blockchain technology covers a wide range of off-chain financial assets, including tangible real estate holdings, various credit forms, Treasury bills, and environmentally-focused bonds.
Through LayerZero’s capabilities, Mountain Protocol aims to link the existing USDM liquidity with the Aptos ecosystem. The USDM is a vault token backed by U.S. Treasury bills.
Aptos’s trading volume has spiked by 48.5% over the past 24 hours, and its market capitalization has surged by 1.86% to $4.13 billion. As per CoinMarketCap data, APT’s current market cap ranking is #26.
Moreover, the Aptos price demonstrates bullish strength and increasing capacity as it nears the major 50-day and 200-day EMAs from below. The APT token also displays bullish behavior, with the MACD at -0.07 and a bullish crossover and the RSI at 56.75, suggesting the potential for further gains.
