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Aptos hits record 326 million transactions per day: Will this boost APT price?

  • Aptos recently broke its previous record by reaching a milestone of 326 million transactions per day.
  • Tapos Cat, a clicker game, was responsible for the network activity.

Aptos (APT)a Layer 1 blockchain, has reached another milestone, to reach 326 million daily transactions at press time. That’s 8.5 times more than Solana’s (SOL) daily transactions.

Interestingly, Aptos broke its record of 156 million daily transactions in May.

AptosAptos

Source: Artemis

In response to the celebration, Avery Ching, co-founder and CTO of Aptos Labs, noted that the latest record is double the one set in May. He added that the Web 3 infrastructure is now ready for large-scale use cases.

“This achievement is more than double the previous record… The Web3 infrastructure is ready for the large-scale and novel use cases in the world.”

What drove Aptos’ daily activity?

The explosive network activity was due to the new game of Tapos Cat. Tapos Cat is one of the trending click-to-earn games that has also exploded in the Telegram ecosystem.

The second version of the game 500 million transactions in three days, resulting in an explosion of Aptos network activity.

“One contribution to this was the launch of @taposcat’s second game, which broke the previous record with over 500 million transactions in just 3 days.”

The game was also responsible for the record transactions in May.

This showed that the Aptos DeFi ecosystem was ready to expand and challenge the Solana and Sui (SUI) chains.

What about APT holders? Can they benefit from the positive news?

On the 12-hour chart, the price correction reached the bullish order block (OB) and short-term support (marked in white) above $5.65.

If market sentiment improves throughout the new week, APT could attempt to target a 14% gain if it reaches the $7 supply range.


Read Aptos (APT) price prediction for 2024-25


The stochastic RSI (Relative Strength Index) was in the oversold territory, indicating that a price reversal was likely.

However, if short sellers overwhelm the APT, the $5 support could be the next target to consider as it has been a key support on the higher time frame charts.

AptosAptos

Source: APT/USDT, TradingView

Next: Why Bitcoin price forecast remains pessimistic despite $63,000 prediction

By Bronte

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