Original - Odaily
Author-Kate
Aptos (APT) price has been rising since late 2023. According to the OKX exchange market, the price has increased by 70.2% in the past three months. DefiLama data shows that as of March 27, the highest price of Aptos that week has reached $18.2, trying to hit the historical high of $20.4. Aptos monthly active accounts grew to over 2 million in the past week (viaAptos Exolorer), becoming the non-EVM chain with the fastest growing daily active accounts in the past 3 months (via@artemis__xyz), and the protocol with the fastest growing daily active users over the past 30 days (via @tokenterminal). As of March 23, according to official data from Aptos Labs, the transaction volume on the Aptos chain has exceeded 500 million, and the number of transactions has reached 516, 298, 051.
Taking stock of the prosperous ecological projects behind the take-off of Aptos
Many investors may have only begun to pay more attention to the Aptos ecosystem this month, but Aptos has already taken off:
- Data in December 2023 shows that the DEX trading volume on Aptos reached US$16.36 million, which is equivalent to more than 2 times the DEX trading volume in the previous week.
- Aptos Labs data on January 12, 2024 shows that the transaction volume on the Aptos chain reached 402, 498, 991, the active pledge amount exceeded 920 million APT, and the current total supply of APT in the entire network reached 1, 075, 294, 644 .
- DeFi grew strongly in February, with TVL surged by more than 100% to $264 million, according to official data from Aptos. There are nearly 2 million monthly active addresses. Weekly active addresses doubled.
- As of March 27, DefiLama data showed that Aptos TVL was $495 million, a record high.
Below we will take stock of the top 5 TVL projects in the Aptos ecosystem (according toDefiLamaData on March 20):
first placeThala
Thala is a stablecoin project on Aptos. Its core products include MOD (over-collateralized stablecoin) and Thala Swap (AMM, aiming to become the core liquidity layer of Aptos), and it provides multiple services such as liquidity staking and Launchpad. Its core revolves around two key products: MOD (over-collateralized stablecoin) and Thala Swap (AMM, committed to becoming the core liquidity layer of Aptos). In addition, there are many types of businesses such as liquidity staking and Launchpad.
It is worth mentioning that it has recently announced a strategic cooperation with Ondo Finance to natively introduce the tokenized U.S. Treasury bond USDY onto the Aptos chain and first integrate it through Thala Labs. At the same time, according toAptos InsightNews, Thala recently integrated cross-chain bridging projects LayerZero Labs and WormHole, expanding the adoption scope of Aptos and promoting interoperability between different blockchain networks.
second placeAmnis Finance
Amnis Finance, the liquidity staking protocol on Aptos, provides users with a secure, easy-to-use and innovative liquidity staking solution. Users can easily use this protocol to maximize returns on APT tokens and unlock liquidity.
By issuing amAPT tokens in exchange for APT, and allowing users to stake to obtain stAPT tokens. The amAPT token has independent liquidity pools on PancakeSwap and LiquidSwap, supporting liquidity mining. Wallets holding stAPT tokens will automatically accumulate rewards based on stAPT, and can also be used for lending, staking, liquidity mining, etc. In addition, Amnis Finance also provides various additional reward mechanisms and activities such as retroactive events, NFT exchanges and draws, thus promoting faster growth.
third placeAries Market
Aries Market will be launched on the Aptos mainnet in 2022 and is a decentralized margin trading protocol on the Move ecosystem. Achieve lightning-fast trading speeds by lending, borrowing, and trading margin with an entirely on-chain order book. Supports USDC, APT, SOL and other related asset lending and leveraged spot transactions. Aries Markets TVL rose 36.53% on the 7th, becoming the highest-growing project in the Aptos ecosystem. (according toDefiLamadata)
Recently, Aries Market proposed a points reward activityAries Point Program, through borrowing and staking and inviting friends, you will be able to earn points in exchange for the possibility of future token airdrops. It is worth mentioning that Amnis Finance stated that users who use its invitation code to deposit/loan stAPT and amAPT during the event will receive 1.2x points.
fourth placeLiquidSwap
Liquidswap is an automatic market maker/AMM built by Pontem Network based on Aptos L1. It is currently the largest market maker project of Aptos and the project is progressing steadily. Liquidswap is able to support regular unstable transactions (similar to Uniswap) and stable transactions (similar to Curve). If users swap between USDT and USDC, stable trading patterns and different liquidity curves will be used to minimize slippage.
the fifth placeCellana Finance
As the project with the fastest TVL growth on Aptos in the past week, Cellana Finance is also worthy of attention. Cellana is the first innovative DEX to use the Ve (3, 3) model on Aptos and Move Language. After receiving the Aptos Foundation Grant in February this year, it will vigorously develop the team. The mainnet is currently online.
In addition to the above projects, the Aptos ecosystem continues to expand into new directions.
After teaming up with Pantom, AptosDeFi The direction continues to be deepened, and the cooperation between the twoWallet PontemIt has been launched on Huawei’s official mall, becoming the first Aptos ecological wallet launched on Huawei’s official mall.
Meanwhile, at Solana’sMemeAmid the tide, the Aptos Meme community currency GUI broke through $0.00006 on March 16, with a 24H increase of 78.0%.
existGameFi In the field, Aptos Labs announced on the In terms of games, Sipervillain Labs, Castile, etc. are also worth paying attention to.
existAI In other emerging markets, Aptos is actively exploring the integration of artificial intelligence and blockchain, and has launched tools such as Aptos Assistant through cooperation with Microsoft. At the same time, they are also developing AI-driven DeFi projects such as SwapGPT. Most recently, Aptos participated in a $30 million funding round for io.net and is partnering with Jambo to enter emerging markets, which will bring new opportunities for their rollout in these regions.
At the same time, the Aptos Foundation has reached partnerships with multiple data integration providers such as Dune, Nansen, Space Time, Token Terminal, DappRadar, Elliptic, The Tie and Flipside to provide users and developers building on Aptos with comprehensive positionData Integration Services. In addition, the Aptos Foundation also disclosed data that the total number of addresses that have been created on the Aptos chain has exceeded 10 million.
The support behind impressive data results
The original meaning of Aptos is The People, which also allows us to see the vision given by its team: to create universal and fair access to decentralized assets for billions of people. Web3’s stack is vast and rich, from smart contract platforms to developer infrastructure and tools, wallets, and decentralized applications.
background
Since Aptos was officially exposed in February 2022, it has continued to attract market attention due to its own Facebook team background. With the blessing of the star team background, capital has offered a high olive branch and completed 200 million in March 2022. In July of the same year, it received US$150 million in Series A financing, with most well-known investment institutions in the industry including a16z, Coinbase Ventures, Paypal, and Binance Labs participating in the investment.
Performance and technology
Aptos technological development path is mainly reflected in two aspects: performance optimization and on-chain feature exploration.
In terms of performance improvement, a user experience similar to Web2 is achieved, including high TPS, low latency and low cost. In terms of technical architecture, Aptos continues to introduce new features and achieve this goal through continuous engineering optimization. For example, in terms of consensus mechanism, Aptos initially adopted the Hotstuff BFT consensus (3500 TPS), and after several iterations such as Narwhal, Jolteon and Bullshark, it will soon implement the Shoal consensus to improve TPS. On the other hand, Aptos uses a parallel execution engine called Block-STM, which is based on optimistic concurrency and multi-version data structures, changing the transaction processing method from traditional sequential processing to parallel processing, thereby increasing the speed of blockchain transactions.
Secondly, Aptos continuously explores on-chain features to provide more diverse and efficient functions. For example, through the Aggregators function proposed by AIP-47, Aptos realizes the parallel execution of smart contracts in the presence of read and write conflicts, greatly improving the casting efficiency of limited assets. In addition, Aptos latest on-chain random number technology uses an innovative weighted cryptography scheme to make random number generation more secure and efficient. These technical explorations not only improve the performance of Aptos, but also provide users with richer features and a better user experience.
MOVE language
Move is a Rust-inspired bytecode language created by the Diem and Novi teams to provide a more flexible and secure solution than Solidity and other Web3 programming languages. It eliminates attack vectors present in Solidity and EVM, such as re-entrancy attacks and asset duplication issues, by enforcing data abstraction and built-in protection capabilities.
safety
Aptos provides a more secure and user-friendly blockchain experience through features such as flexible key management, transparent transaction pre-execution, transaction protection measures, and light client support.
community and development
1. Provide support for developers to build the Aptos community
Regarding developers, Aptos has established multiple systems. The first is the learning system, which launches interactive learning toolsAptos Learn, to help users deeply understand and learn Aptos. Aptos continually updates documentation and improves it based on user feedback. At the same time, hackathons are held regularly to provide engineers with opportunities to improve their skills. Core team members also personally guide developers to solve problems they encounter in smart contract development and provide suggestions. In addition, it has also establishedAptos Improvement ProposalsChannel to accept suggestions from the user and developer community for product improvements, including standards and development frameworks.
2. Actively explore Web2 channels - develop more users
Work with Microsoft to try to combine AI with Web3 products and explore areas that are beginning to develop on the Web2 and Web3 timeline. Think about what kind of products and forms can provide services to the final ToB and ToC users from both Web2 and Web3 perspectives.
In addition, the game track is laid out, Web2 game users are introduced to Web3, and users are allowed to participate in the entire game economic system through a more sustainable token economic system, so that users can not only gain game fun, but also participate in the token economic system.
3 Ecological incentive system - making more project parties willing to participate
Aptos has a variety of sponsorship programs, including the Aptos Grant Program, Aptos Artist Grants Program, The Registry and Aptos Collective, to support development in different areas. Last October, Aptos announced it had doled out more than $6 million in sponsorships.
In addition to the sponsorship program, the Aptos ecosystem in 2024 will continue to host hackathons. In March, the Aptos Hackathon will be held in Shenzhen. As well as the Wanxiang Conference in Hong Kong in April, the upcoming GDC in Silicon Valley, TNC in Japan, Token 2049 in Dubai and SeptemberSouth Korea Summit。
write at the end
On the L1 track, Aptos is regaining the attention it received at the beginning of its launch, and the on-chain ecology has returned to prosperity. Its next step is worth looking forward to.
