The Block Crypto News8 minutes ago

Published on June 14, 2024 18:38 GMT+00:00edited on June 14, 2024 18:39 GMT+00:00

The 7-day moving average of the number of user transactions on Aptos skyrocketed to 47 million at the end of May, showing stark growth considering that at the start of the month, the moving average never exceeded 1 million. Un-averaged, the number of transactions reached 156 million.

For those who need a refresher on Aptos, it launched in October 2022 with a lot of hype. It stemmed from Facebook’s Libra blockchain initiative and had many big-name backers. It was marketed as a new alternative to Solana for developers since it utilized the Move programming language and was supposed to be much easier to build on.

Aptos is the 17th largest network by total value locked and is a well-known name within the crypto space, even though it is not always the most talked about.

Aptos does seem …