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APT

Aptos (APT) Price Index

$ 12.30 Ƀ 0.00018274
  • MarketCap
    $ 4,557,716,103
  • Volume
    $ 354,266,733
  • Change
    5.05%
aptosAptos
$ 12.30
$ 12.30
5.05%
11,34
APT
Aptos (APT)
$ 12.30
APT
Aptos (APT)

Overview: What is Aptos (APT)?

Aptos (APT) is the coin of the Aptos blockchain. Aptos is a Layer-1 development that, like many others, aims to answer the blockchain scalability issue and become the platform of choice for Web3 developers, dApps, DeFi, tokens, and enterprises.

The Aptos blockchain was created by a team led by Avery Ching and Mo Shaikh, who originally worked on the shelved Meta (Facebook) project Diem (once Libra). The Diem project ended in 2022, but its key team formed Aptos Labs and launched the Aptos blockchain. Aptos uses some of the technologies developed by Meta.

Aptos raised over $300 million in funding in 2022 and the main net launched later that year. Aptos is still being developed but already hosts some DeFi projects, including decentralized exchanges, lending protocols, and liquid staking.

 

What Makes the Aptos Coin Unique?

The Aptos blockchain has several unique features and technologies, although, in essence, it is a project designed to compete with the likes of Ethereum, Solana, and Cardano.

The network uses a Byzantine fault tolerance (BFT) consensus protocol called AptosBFT, which is said to achieve transaction processing speeds of 160,000 transactions per second (TPS), making the network scalable and fast

Aptos has been termed a “Solana killer” for its potential to rival Solana but also Ethereum. The project initially received criticism for being centralized and backed by venture capital.

The Aptos developers program smart contracts to create dApps, NFTs, and other projects using a programming language called Move, based on Rust, which was originally developed for Meta’s Diem.

 

What Is Aptos (APT) Used for?

Aptos (APT) is used to pay transaction and network fees within the Aptos ecosystem. It’s used for governance, transaction validation, and to secure the Aptos blockchain, and it’s bought, sold, and traded on cryptocurrency exchanges. Aptos (APT) can also be staked, a process where holders are rewarded for locking up coins to contribute to network validation and security.

 

How Does Aptos Work?

Aptos uses a parallel execution engine called Block-STM to make its transactions faster. Consensus is achieved through BFT and proof-of-stake (PoS) in which validators process transactions, query data, and download and verify validator-signed proofs. The Aptos network has full nodes and light clients in its modular design.

Staking on Aptos to participate in validation requires 1 million tokens, and holders can choose a validator to stake with, rather than become a validator themselves. Staking gives voting power to the validator. Those holding staked coins can vote for proposed upgrades and participate in network governance.

 

How Is the Price of Aptos (APT) Determined?

The Aptos (APT) price is influenced by market sentiment, supply and demand and by the growth or decline in the use of Aptos as a smart contract blockchain. The supply of APT is capped at 1.07 billion tokens.

The following factors influence APT price:

  • Supply, demand, and scarcity
  • Liquidity
  • APT market sentiment
  • APT token distribution and unlocking
  • Wider cryptocurrency market sentiment
  • The success of the Aptos blockchain
  • Whether Aptos achieves its potential TPS and other goals
  • How Aptos performs against competitors such as Ethereum and Solana

 

What Is Aptos Coin Price Prediction for 2030?

Cryptocurrency prices are notoriously difficult and almost impossible to predict, but APT predictions exist. APT had a strong start due to the potential of the project and the development team before its price fell back. Some speculate whether the APT price has peaked.

CoinCodex believes APT price in 2030 could reach between $29.68 and $ 37.57. CoinMarketCap shares an APT prediction with a price between $131.10 and $134.70. Other forecasts are mixed.

 

How Is the Aptos (APT) Network Secured?

Aptos is secured by the AptosBFT PoS and BFT consensus mechanism, plus its Block-STM, which uses a virtual machine to execute transactions safely. Staked coins are held by validators who verify transactions into secure new blocks on the Aptos network. The programming language Move adds some additional safeguards and security to developer builds.

 

Where Can You Buy Aptos?

APT is available to buy, sell, and trade on major cryptocurrency exchanges, including Coinbase, Binance, KuCoin, Kraken, and Bitfinex. It’s also available on the PancakeSwap decentralized exchange.

 

How Can You Store Aptos (APT)?

APT coins can be stored in an exchange wallet, a compatible hot wallet such as Trust Wallet, or a hardware wallet such as a Ledger or Trezor device. Hot wallets are safer than exchange wallets, but the safest cryptocurrency storage option is a cold wallet or hardware device.

 

FAQs

Is Aptos crypto a good investment?

The Aptos blockchain has received scrutiny for being centralized and capital-backed and for not giving initial clarity about its tokenomics. Aptos Labs is still developing the Aptos blockchain, so it’s yet to demonstrate its potentially high transaction speeds. Still, there is much buzz about its potential as a competitor to other smart contract blockchains such as Ethereum, Solana, and Cardano. At this stage, there is no saying which blockchain projects will ultimately stay the distance and see widespread adoption.

 

Does Aptos have a future?

The future of any cryptocurrency is complicated to predict. There are many competing tokens and platforms, high price volatility, and cryptocurrencies are widely unregulated. The future of Aptos (APT) will depend on how the blockchain continues to develop, how it performs against competitors such as Ethereum, and the overall success of cryptocurrencies and blockchain technology.

 

Who is the owner of Aptos token?

Aptos Labs has developed and launched the Aptos blockchain and APT coin. Aptos is backed by numerous large investors, including FTX Ventures, Jump Crypto, Andreessen Horowitz, Franklin Templeton Investments, Circle Ventures, Griffin Gaming Partners, and others.

 

Who created Aptos?

Aptos was created by a team led by Avery Ching and Mo Shaikh, who worked on Meta’s blockchain project Diem. The Diem project was shelved in 2022, but its key team formed Aptos Labs and launched the Aptos blockchain. Aptos uses some of the technologies developed by Meta.

 

Why choose Aptos?

Investors might choose Aptos (APT) to support the Aptos blockchain and ecosystem development and participate in governance. Like other, newer competitors to Ethereum, Aptos has technological promise that it must prove, and it has a significant way to go to compete with Ethereum’s head start and reliability.

 

Is Aptos listed on Binance?

APT can be bought, sold, and traded on major cryptocurrency exchanges, including Binance.

 

How many Aptos coins are there?

The supply of APT is capped at 1.07 billion tokens. 51% of APT tokens were earmarked at launch for community initiatives, 16.5% for the Aptos Foundation, 19% for contributors, and 13.48% for investors.

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