L1 Blockchain Aptos Sets New Transaction Record, Surpassing Solana with 115.4 Million Daily Transactions

Last Updated: May 27, 2024 04:07 EDT | 2 minute read

Aptos, a layer-1 blockchain platform developed by former Facebook employees, has set a new record in blockchain transactions.

On May 25, Aptos surpassed Solana by recording a staggering 115.4 million transactions in a single day, far surpassing Solana’s 31.7 million. according to Aptoscan.

The increase in transaction volume not only shattered previous records but also surpassed the record of over 65 million liras held by Sui Network by an impressive margin of over 50%.

The exponential growth of transactional activity on Aptos highlights the platform’s growing adoption and overall industry momentum.

According to data from Aptoscan, the TPS (transactions per second) of blockchain users reached an all-time high of 32,000 on the same day.

This means a significant increase in activity within the blockchain ecosystem, demonstrating the scalability and robustness of the platform.

The recent increase in transactional activity on Aptos can be attributed to the launch of Tapos Cat, an innovative tap-to-earn game that has quickly gained popularity.

In its first day on the mainnet, Tapos Cat processed a staggering 10 million transactions, contributing substantially to the increase in activity on the platform.

Tapos Cat offers users the opportunity to earn $HEART tokens by “tickling” a virtual cat, encouraging multiple transactions within the game.

Additionally, the game offers a fuel-free experience for the first 72 hours, incentivizing players to engage without incurring additional costs.

Cryptocurrency veterans question Tapos Cat’s long-term viability

Critics, including the CEO of Helius Labs, have raised doubts about Tapos Cat’s long-term viability and practical usefulness.

They argue that the game’s emphasis on click-and-buy interactions could artificially inflate metrics without actually meeting user needs.

However, Aptos supporters argue that Tapos Cat serves as a crucial engineering project, demonstrating the scalability and robustness of the Aptos network and paving the way for future developments.

In another move, the Aptos Labs team recently introduced a group of global advisors, including David Lawee, Google’s former vice president of business development.

Additionally, Aptos Labs partnered with Atomrigs Lab to announce plans to launch T wallet, a Web3 wallet service, in partnership with South Korea telecommunications operator SK Telecom (SKT).

Solana among the fastest blockchains

Solana has proven to be the fastest among the large blockchains, processing a staggering 91 million transactions in a single day.

On April 6, Solana hit a record daily average of 1,504 transactions per second (TPS) during the memecoin frenzy.

This makes blockchain a whopping 46 times faster than Ethereum and over 5x faster than Polygon, which boasts the highest TPS among Ethereum scaling solutions.

Despite its position as the fastest blockchain, Solana only reached 1.6% of its theoretical maximum speed of 65,000 TPS.

It is worth noting that Ethereum scaling solutions and layer 2 solutions have yet to surpass other layer 1 blockchains in terms of real-world processing speed.

This can be attributed to the fewer on-chain transactions on Ethereum scaling solutions, resulting in slower realized TPS for these blockchains.

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