Despite Aptos (APT) experiencing a 12.84% price drop in the last week following the Node v1.2.4 release, experts are shifting their focus towards a new, innovative crowdlending platform. It has made headlines as the first blockchain platform for peer-2-peer Lending tapping into the trillion-dollar lending market. In comparison to Aptos (APT), Collateral Network is set for greatness, as Web3 meets asset-backed lending.
Aptos (APT)
Aptos (APT), dubbed the ‘Solana Killer,’ is a Layer 1 blockchain that integrates Block-STM Technology. Despite the latest Node v1.2.4 release, Aptos (APT) has dropped 12.84% in the last week. Aptos (APT) has maintained VC interest because of its relationship with Diem, a project by Meta. Former Meta researchers, engineers, UX designers, and strategists make up the Aptos (APT) team.
Currently, 84% of Aptos (APT) tokens are locked, and each Aptos (APT) unlocking event is likely to result in an Aptos (APT) price drop. However, a 4.5 million Aptos (APT) token, worth about $50 million, was unlocked on April 12, increasing the circulation supply by 0.5% to 186 million Aptos (APT). As a result, the token’s price decreased to $9.01 the same day.
Despite Aptos (APT) delivering mainnet support for high-precision integers, which are critical for DeFi applications, anxiety and uncertainty continue to plague Aptos (APT) holders.
Aptos (APT) is now trading at $10.80 per share, with a 24-hour trading volume of $439.99 million and a market size of $2.02 billion. Aptos (APT) peaked at $19.86 on January 30, 2023, and is currently down 45.59%. Aptos (APT) still has room for development and innovation within the blockchain sector.
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Author: Crypto Daily
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