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Gulf Press > Business > Crypto > Aptos Blockchain Breaks Record with 115.4M Daily Transactions, Surpassing Solana
Crypto

Aptos Blockchain Breaks Record with 115.4M Daily Transactions, Surpassing Solana

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Last updated: 2024/05/27 at 8:43 AM
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Aptos, a layer-1 blockchain platform created by former Facebook employees, recently made headlines by surpassing Solana in blockchain transactions. On May 25, Aptos recorded a remarkable 115.4 million transactions in a single day, far exceeding Solana’s 31.7 million transactions, according to Aptoscan. This surge in transaction volume not only broke previous records but also exceeded the L1 record held by Sui Network by over 50%. The increasing transactional activity on Aptos showcases the platform’s growing adoption and the overall momentum of the industry. Data from Aptoscan revealed that the blockchain’s user transactions per second (TPS) reached an all-time high of 32,000 on the same day, demonstrating the platform’s scalability and robustness.

The recent spike in transactional activity on Aptos can be attributed to the launch of Tapos Cat, a unique tap-to-earn game that has quickly gained popularity. Within the first day of its release on the mainnet, Tapos Cat processed an impressive 10 million transactions, significantly contributing to the increased activity on the platform. In Tapos Cat, users have the opportunity to earn $HEART tokens by interacting with a virtual cat, leading to multiple transactions within the game. Moreover, the game offers a gas-fee-free experience for the first 72 hours, encouraging players to engage without incurring any additional costs.

Despite the success of Tapos Cat, some crypto veterans, including the CEO of Helius Labs, have raised concerns about its long-term viability and practical utility. Critics argue that the game’s focus on click-and-buy interactions may artificially inflate metrics without meeting actual user needs. However, supporters of Aptos see Tapos Cat as an essential engineering project that showcases the platform’s scalability and robustness while setting the stage for future developments. To further bolster their ecosystem, the Aptos Labs team recently added a group of global advisors, including David Lawee, the former vice president of corporate development at Google.

In a strategic move, Aptos Labs partnered with Atomrigs Lab to announce the launch of T wallet, a Web3 wallet service, in collaboration with South Korean telecommunications operator SK Telecom (SKT). This partnership aims to enhance the accessibility and usability of decentralized finance (DeFi) applications for users. Meanwhile, Solana continues to be one of the fastest blockchains, processing an impressive 91 million transactions in a single day. On April 6, Solana achieved a record-breaking daily average of 1,504 transactions per second (TPS) during the memecoin frenzy, showcasing its speed and efficiency compared to other blockchains.

Solana’s processing speed of 91 million transactions in a day makes it 46 times faster than Ethereum and over 5 times faster than Polygon, the leading Ethereum scaling solution. Despite being the fastest blockchain, Solana has only reached 1.6% of its theoretical maximum speed of 65,000 TPS. It is important to note that Ethereum scaling solutions and layer 2 solutions have yet to surpass layer 1 blockchains in terms of real processing speed, possibly due to lower on-chain transactions on these platforms, resulting in slower realized TPS. Overall, the competition between Aptos and Solana highlights the rapid evolution and innovation in the blockchain industry, driving advancements in scalability, speed, and usability for users worldwide.

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News Room May 27, 2024
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