- APT sees explosive 3570% transaction growth, with bullish signs pointing to further price gains.
- Tapos Cat game fuels Aptos’ surge, positioning APT for a potential breakout.
The Aptos network has seen a remarkable increase in transactions, soaring by over 3,570% on August 13, driven largely by the launch of the Tapos Cat click-to-earn game. Daily user transactions on Aptos surged from 1.4 million to over 51 million, reaching its highest level since May, with transactions per second hitting a record 14,340, surpassing Solana’s figures.
This update followed the recent CNF update on Aptos Labs launch of seamless Coin to Fungible Asset Migration on the mainnet, enhancing asset management for developers. Moreover, according to a recent update shared by CoinMarketCap, the increased transaction volume in the Aptos ecosystem is due to the Tapos Cat click-to-earn game.
On August 13, transactions surged 3,570% to over 51 million, with a peak TPS of 14,340, driving APT’s price up by 30% in a week. As of now, Aptos (APT) is trading at $6.24, with a decline of 6.65% in the past day but a surge of 8.70% in the past week.
Is APT Preparing to Explode with the Tapos Effect and Network Milestones?
The launch of Tapos 2 contributed to this spike, echoing previous transaction increases. Thus, Aptos’ daily transaction volume now ranks among the highest for Layer-1 networks, surpassed only by its own record and Sui Network’s 65 million transactions.
The heightened activity has translated into a 30% gain for Aptos’ native token, APT, in the past week. With the price currently at $6.83 and bullish signals such as the formation of a golden cross and a rising RSI, APT appears well-positioned for further gains.
Therefore, the sustained network growth and increased DeFi activity suggest that APT could continue its upward trajectory, potentially targeting the $8.62 Fibonacci level.
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