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

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 an astounding 115.4 million transactions in a single day, far exceeding Solana’s 31.7 million, according to Aptoscan.

The surge in transaction volume not only shattered previous records but also surpassed the L1 record of over 65 million held by Sui Network by an impressive margin of over 50%.

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

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

This signifies a significant increase in activity within the blockchain ecosystem, showcasing the platform’s scalability and robustness.

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

Within its first day on the mainnet, Tapos Cat processed a staggering 10 million transactions, making a substantial contribution to the increased 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 provides a gas-fee-free experience for the first 72 hours, incentivizing players to engage without incurring any additional costs.

Crypto Veterans Question Tapos Cat’s Long-Term Viability

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

They argue that the game’s emphasis on click-and-buy interactions may artificially inflate metrics without genuinely serving user needs.

looked into this

it’s from a game where you earn a shitcoin by clicking on a screen fast

the clicks are counted as tps

we will do literally anything to game metrics in this industry rather than build anything with real users or demand lmao https://t.co/k2e9Z62xuO pic.twitter.com/9fbq1AA9Dl

— mert | helius | hSOL (@0xMert_) May 25, 2024

However, proponents of Aptos contend that Tapos Cat serves as a crucial engineering project, showcasing the scalability and robustness of the Aptos network while paving the way for future developments.

In another move, the Aptos Labs team recently introduced a group of global advisers, including David Lawee, former vice president of corporate development at Google.

Additionally, Aptos Labs has collaborated with Atomrigs Lab to announce plans for the launch of T wallet, a Web3 wallet service, in partnership with South Korean telecommunications operator SK Telecom (SKT).

Solana Among Fastest Blockchains

Solana has proven to be the fastest among large blockchains, processing a staggering 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.

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

Despite its position as the fastest blockchain, Solana has only achieved 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 processing speed.

This may be attributed to the lower number of on-chain transactions on Ethereum scaling solutions, resulting in slower realized TPS for these blockchains.

The post L1 Blockchain Aptos Sets New Transaction Record, Surpassing Solana with 115.4M Daily Transactions appeared first on Cryptonews.

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