According to Anboto Labs on X, Aptos has set a new record by processing 115.4 million transactions in a single day on May 25th, which has even surpassed Solana crypto’s 31.7 million transactions. This surge in transactional activity on Aptos was attributed to the launch of TaposCat, which happened to be an popular tap-to-earn game.
@Aptos surpassed @Solana by recording 115. 4 million transactions in a single day in a single day on May 25, compared to Solana’s 31.7 million.
— Anboto Labs ⛰️ | Crypto's Trade Execution Layer (@anboto_labs) May 27, 2024
☑️ The recent surge in transactional activity on #Aptos is attributed to the launch of #TaposCat, a new tap-to-earn game that has… pic.twitter.com/TArDQCi9Ec
Even, the increase in transaction volume has exceeded SuiNetwork’s previous L1 record of over 65 million and that too by more than 50%. This demonstrates a significant growth and the adoption within the Aptos ecosystem, highlighting its increasing momentum in the industry.
Network Activity Experiences Massive Activity
In a recent weekly report reposted by Aptos, an analyst highlighted a remarkable increase in network activity for the platform. Last week, Aptos adeptly managed a significant spike in network traffic.
Weekly @Aptos Report [May 20 – 26]
— 0xHaM☰d (@0xham3d_eth) May 27, 2024
Last week, Aptos experienced an unprecedented surge in network traffic and navigated it successfully.
Here's a snapshot of the impressive stats:
– 316m Transactions
-395k New Users Welcomed
– 272 Active Contracts, including 22… https://t.co/o5sKzefSOG pic.twitter.com/je60W3WWip
The tweet’s accompanying snapshot showcased notable metrics, including 316 million transactions executed, welcomed 395,000 new users, the 272 active contracts with 22 being newly established, a substantial 178,000 transfers into centralized exchanges, and an impressive $63.5 million in bridged volume.
RWA has Arrived on Aptos, by Collab Between Thala and Mountain Protocol
According to the tweet from Aptos, ‘Thala’ has collaborated with Mountain Protocol facilitated by LayerZero, to the Aptos blockchain. This move happened to be instrumental in diversifying the token offerings within the Aptos ecosystem.
The integration of RWA into blockchain technology encompassed a diverse array of off-chain financial assets, ranging from tangible real estate holdings to various forms of credit, Treasury bills, and environmentally-focused bonds.
Furthermore, the USDM known as the ERC4626 vault token, which has been backed by U.S. Treasury bills. By leveraging LayerZero’s capabilities, Mountain Protocol aims to bridge the existing USDM liquidity with the Aptos ecosystem.
RWAs on-chain, on Aptos. The future of DeFi has arrived. https://t.co/RxyNZMIj7i
— Aptos (@Aptos) May 26, 2024
wUSDM represents a LayerZero-wrapped version of USDM and is characterized by its non-rebasing nature. As a bridged asset on the Aptos blockchain, wUSDM is designed to be completely permissionless. This attribute ensures that users have the autonomy to transfer wUSDM, engage with smart contracts, and participate in decentralized finance (DeFi) protocols without restrictions.
With RWA On Aptos, and Boost in On-chain Metrics, Chart to Reflect Uptick Soon
The Aptos crypto has shown a wonderful surge from the $5.0 demand zone to the $19.0 supply level by March end of 2024. the Aptos crypto failed to sustain at the top and deteriorated from April onwards and formed support at $7.75 by mid-may.
The APT crypto has revealed a sign of recovery as the price spiked from a crucial level of around $7.75 on the chart. The APT crypto appears set for a colossal surge, as it gears up to crack the resistance level and elevate towards higher levels.
Similarly, the Aptos asset is exhibiting bullish strength and rising capacity as it approaches major 50-day and 200-day EMAs to cut from below.
Likewise, the APT asset is displaying bullish behavior, as MACD was at -0.07 with a bullish crossover and the RSI glared at 56.75, which was not near the 70 level yet, meaning that the Aptos asset could extend its gains more.
Overall, the APT asset has showed various bullish signs and has the potential to grow further. Even it has performed well in the past week by 17.53%, which could be the start of a strong uptrend, ahead.
Aptos Price Forecast!
The Aptos crypto has experienced a surge of 5.64% in the last 24 hours, and traded at $9.55.
Therefore, if the demand for the crypto increases higher, the APT asset price could bounce back from the current level. The next goal for the price could be to reach $9.65, and moving beyond the previous swing high the other target would be at $14.0.
However, if the Aptos crypto price fails to stay above the $7.75 level, it could decline further, as well.
Summary
Aptos set a new record by processing 115.4 million transactions in a single day on May 25th, surpassing Solana crypto’s. The surge in transactional activity on Aptos was followed by the launch of TaposCat game.
Moreover, RWA has been integrated into the Aptos blockchain through a collaboration between Thala and Mountain Protocol.
Likewise, the Aptos crypto price forecast suggests a potential bounce back to $9.65 and a target of $14.0, but a failure to stay above $7.75 could lead to further decline.
