The Aptos native APT token is on fire and vastly outperforming its peers recently. The world’s largest exchange has taken a look at the factors that are driving its momentum.
It’s Jan. 25, Binance took a deep dive into the driving factors behind the epic Aptos rally. The APT token has made a whopping 253% over the past two weeks, outperforming most of the crypto market.
Aptos is a layer-1 blockchain network developed by former Meta (Facebook) employees. It launched on mainnet in October and was touted as another “Ethereum killer.”
It has come nowhere near Ethereum in terms of on-chain activity, but its APT token is surging.
Aptos Fundamentals Strengthen
Binance noted that Aptos hosted their first “AptosMoveMonday” Twitter Spaces event of the year on Jan. 9. Co-founders Mo Shaikh and Avery Ching actively answered questions and discussed many upcoming developments in the session.
They announced increased community engagements and events, including the “AptosWorldTour,” in addition to various conferences and developer meet-ups. This event coincided with the big APT price movement that kicked off the rally on Jan. 9.
Aptos’ NFT activity has also started to tick up, particularly on the Topaz NFT marketplace for the network. The researchers noted that collectors have been pushing up floor prices and volumes as they take advantage of potential flipping opportunities.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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