- 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%.
Aptos sets a new benchmark in blockchain transactions with 115.4 million daily transactions, surpassing Solana and highlighting the platform’s scalability and robustness.
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.
Proponents Defend Tapos Cat’s Role in Showcasing Aptos’ Capabilities
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.
Conclusion
The recent surge in transactional activity on Aptos, driven by the launch of Tapos Cat, underscores the platform’s growing adoption and scalability. While critics question the long-term viability of such applications, proponents believe they highlight the robustness of the Aptos network. Meanwhile, Solana continues to lead in transaction speed, although it has yet to reach its full potential. As the blockchain industry evolves, the competition among layer-1 platforms is likely to intensify, driving further innovation and adoption.
