Aptos Transaction Volume Surge Triggered by UPTOS Launch
2024-08-22Bittime - On August 15, 2024, Aptos experienced increased activity. Daily transaction volume jumped dramatically to reach 69 million, far exceeding the usual daily average of around 1 million transactions.
UPTOS Project Launch
This surge in transactions seems to be related to the launch of the UPTOS project, which is a fork of the Pump.fun platform.
Aptos, which previously rarely recorded large transaction volumes, suddenly became the center of attention.
This increase in activity has led to speculation that the surge in transactions may be driven more by speculative interest than the network's fundamental growth.
Read Also: Aptos Launches Tapos, a Telegram Game with a Tap to Earn Concept!
Aptos Transaction Surge
While a high number of transactions can be an indicator of network popularity and capacity, it does not necessarily reflect sustainable growth or real adoption.
Oftentimes, trend-driven activity or meme-based projects can provide a less accurate picture of a network's long-term rise. The Aptos case shows the huge influence that meme-based projects have on blockchain activity.
Aptos (APT) Price Today
Source: Bittime.com
BBased on today's Bittime market, the APT token price was observed to have increased by 4.42%. When this article was written, the APT token was trading at IDR 99,175.
Read Also: Topaz, an NFT Marketplace within the Aptos Ecosystem, Ceases Operations Starting Today
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