- The Aptos network experienced a significant surge in transactions on August 13th, driven by the launch of the Tapos Cat click game.
- Technical indicators are signaling a prolonged uptrend for Aptos (APT), showcasing robust bullish momentum.
- “APT transactions skyrocketed over 3,570% in a single day, largely driven by the Tapos game,” noted a source from Aptoscan.
Aptos Network Surges by Over 3,570% in Transactions Due to Tapos Cat Game
Massive Transaction Increase on the Aptos Network
The Aptos blockchain witnessed an unprecedented spike in transactions, surging by over 3,570% on August 13th, attributed primarily to the Tapos Cat click game launch. According to Aptoscan, daily user transactions skyrocketed from 1.4 million on August 12th to over 51 million, marking its highest transaction volume since May.
Record Transaction Speeds: Aptos Outpaces Solana
Not only did the total transactions on the Aptos network soar, but user transactions per second (TPS) also reached a remarkable 14,340, setting the third-highest peak in the network’s history. This figure significantly surpassed Solana’s TPS, which remained at around 4,000, as reported by Solana Explorer.
The Impact of Tapos Cat Click Game
The surge in network activity was largely driven by the viral success of the Tapos tap-to-earn game, amassing 79 million transactions. Players earn tokens by clicking on a virtual cat, a concept that has captured widespread attention. Despite the high volume of transactions, the Aptos network has maintained stable gas fees and transaction speeds, demonstrating its robust infrastructure.
Comparisons to Toncoin’s Hamster Kombat
The rise in user activity on Aptos draws parallels to the boost the Toncoin [TON] blockchain experienced following the launch of the Hamster Kombat game. TON peaked at a historical high roughly three months post-launch. Given the current trajectory, analysts speculate on whether Aptos could replicate TON’s performance.
Technical Analysis: APT Token’s Bullish Signals
The native token, APT, has seen substantial gains, appreciating by 30% over the past week. Trading at $6.83, APT has surpassed the 200-day exponential moving average (EMA), a clear bullish indicator. The formation of a golden cross, wherein the 20-day EMA exceeds the 200-day EMA, further substantiates the long-term uptrend potential.
Relative Strength and Market Sentiment
The Relative Strength Index (RSI) has rebounded, forming a higher low and standing at 65, indicating ongoing bullish sentiment that suggests additional gains could be forthcoming as APT has not yet entered the overbought territory. Furthermore, APT’s Open Interest data from Coinglass reveals a 15% uptick in Futures market activity, jumping from $66 million to $79 million, reflecting increasing trader interest.
DeFi Activity on the Rise
Aptos is not only thriving through gaming but also experiencing growth in decentralized finance (DeFi). Data from DeFiLlama illustrates a significant rise in the network’s Total Value Locked (TVL), which has increased by 18% in the past week, reaching $395 million at the time of writing. This indicates a broader adoption and utilization of the Aptos blockchain in the DeFi space.
Conclusion
The Aptos network’s dramatic increase in transactions showcases its capacity to handle substantial user activity, driven by the successful launch of the Tapos Cat click game. The bullish technical indicators for APT suggest a continued uptrend, supported by growing DeFi activities. As Aptos continues to evolve, it presents a promising outlook for further adoption and price appreciation, making it a blockchain to watch closely in the coming months.
