Aptos hits record 326M daily transactions: Will it help APT’s price?

• Aptos has broken its previous record with a recent 326M daily transactions. 
• Tapos Cat, a clicker game, was responsible for the network activity. 

Aptos [APT], a layer 1 blockchain, has hit another milestone after reaching 326 million daily transactions. That’s 8.5 times more than Solana’s daily transactions. Interestingly, Aptos broke its record of 156 M daily transactions hit in May. 

Source: Artemis

Reacting to the fete, Avery Ching, co-founder and CTO of Aptos Labs, noted that the recent record was twice as much as the May one. He added that Web 3 infrastructure was now ready for large-scale use cases. 

‘This achievement more than doubles the previous record set…Web3 infrastructure is ready for the large-scale and novel use cases in the world.’

What drove Aptos’ daily activity?

The explosive network activity was due to Tapos Cat’s new game. Tapos Cat is part of the trendy click-to-earn games that have also exploded in the Telegram ecosystem. The game’s second version hit 500M transactions in 3 days, exploding Aptos network activity. 

‘Contributing to this was the launch of @taposcat’s  second game—which broke its record to surpass 500M transactions in just 3 days.’ 

The game was also responsible for the May record transactions. 

This illustrated that the Aptos DeFi ecosystem was ready to expand and challenge Solana and Sui [SUI] chains. 

How about APT holders? Can they benefit from the positive news? 

On the 12-hour chart, the price retracement reached the bullish order block (OB) and short-term support (marked white) above $5.65. If market sentiment improves into the new week, APT could attempt to eye the 14% gain if it hits the $7 supply area. 

The Stochastic RSI (Relative Strength Index) was in the oversold area, suggesting a price reversal was likely. 

However, in case short-sellers overwhelm the APT, the $5 support could be the next target to consider because it was a key support on the higher timeframe charts. 

Source: APT/USDT, TradingView