The Aptos blockchain network saw a surge in activity on August 13, 2024, reaching a new high in daily transactions. As reported by Wu Blockchain, this increase marked a substantial jump from the previous day, pushing network usage to levels not seen in months.
Concurrently, the price of APT, the network’s native token, saw a notable rise over 24 hours. Per data from Coingecko, Aptos traded at $6.84 at press time. The token has surged by 9.72% over the past day, a move reflected over the week too with APT surging by 28.96%.
On August 13, the number of transactions by Aptos users reached 51.6 million, a significant increase of more than 3,570% from the previous day, the highest point since May 25 this year. The Aptos network User TPS reached 14,300, the third highest TPS peak in history. This may be…
— Wu Blockchain (@WuBlockchain) August 14, 2024
Aptos Record-Breaking Transaction Volume
Per Wu Blockchain, Aptos users executed 51.6 million transactions on August 13. This marked a massive 3,570% increase from the previous day’s activity. The surge propelled transaction volume to its highest point since May 25, 2024.
Alongside the transaction surge, the Aptos network demonstrated impressive performance metrics. Wu Blockchain reported that the User Transactions Per Second (TPS) reached 14,300. This figure represents the third-highest TPS peak in the network’s history.
The increase in network activity appears to be linked to a specific event. Wu Blockchain suggested that the launch of Tapos Game 2, a new click-based game on the Aptos network, may have been the primary driver behind this surge.
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X user Crypto Professor X responded enthusiastically to Wu Blockchain’s report. The user tweeted, “Incredible surge on the Aptos network! Hitting 51.6M transactions and 14,300 TPS shows the massive impact of Tapos Game 2. The future of blockchain gaming is here, and Aptos is leading the charge!”
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Aptos (APT) Price Analysis
The surge in network activity coincided with positive price movement for APT, Aptos’ native token. Crypto analyst Decilizer shared insights on APT’s price action. The analyst noted that APT had found support at $4.5 and was showing an upward trend.
Decilizer provided potential price targets for APT. The analyst suggested that if the upward trend continues, APT could reach $11.4.
$APT has successfully found support at $4.5 and is now progressing. If the current upward trend continues, the price may reach $11.4. If it weakens, the next support level would be $4.1. Expecting $BTC to stay green too!The previous rally resulted in a 270% increase. pic.twitter.com/rFrrwRDOSx
— Decilizer (@decilizer) August 14, 2024
However, if the momentum weakens, the next support level was identified at $4.1. Decilizer also highlighted the importance of Bitcoin’s performance in sustaining APT’s rally. He noted that he expects BTC to stay in green, which could also affect APT positively.
Decilizer provided additional context for APT’s price movement. The analyst mentioned that a previous rally had resulted in a 270% increase, setting a precedent for price swings in APT’s history.
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