The independent PoS L1 blockchain project — Aptos, leveraged the Move programming language and the Move VM for its app development.
Recently, it started gaining traction over competitors such as Solana (SOL).
Aptos Network is slowly gaining popularity and adoption and has been referred to as the “Solana killer.” But, strangely, Solana also walked its way up by being called ‘Ethereum Killer.’
The Aptos network was also developed by engineers who worked in Diem, DiemBFTv4, lShark, Block-STM, Narwhal & Tusk, and Novi.
Thus, Aptos Network could secure significant funding from institutional and real investors.
Around mid-July, the Aptos network declared that it received funding of $150 million, which FTX Ventures and Jump Crypto led.
Other top blockchain companies involved in the financing include Apollo, Griffin Gaming Partners, Circle Ventures, and Franklin Templeton.
Aptos NFT Sales Rise While Solana NFT Sales Drop
According to Coimarketcap data, the Aptos protocol was trending in the past few days. Therefore, the Aptos network native token — APT experienced a bullish action and rose by 27% in the last seven days.
Also read:The APT token traded for $9.26 at 10:17 am UTC on Thursday. Meaning it went up 2% up in the last 24 hours.
It indicates that the positive news from Aptos Labs is positively impacting the APT token price.
Since the launch of Aptos Labs, there has been massive progress with the APT token. As a result, it is listed on popular crypto exchanges such as Binance, Digifinex, and Coinbase Exchanges.
Aptos seems to have a nickname in the crypto social street,’ Solana Killer”. However, Aptos has been experiencing improvement in sales lately, but it is not the same for Solana.
For instance, Topaz — Aptos NFT marketplace has made over $5 million since it debuted on October 18. Alongside the current top-selling NFT collection amassed $2.3 million in trading volume.
On the contrary, OpenSea’s top-selling NFT collection, Cryptopunks, has sold approximately $800,000 in the past 24 hours.
0xclickbait, the founder of Topaz, said the trading volume of the NFT marketplace doubles daily. On the other hand, the trading volume of Solana NFTs dropped by over 33% in the last 30 days.
However, some strategists believe that the present low sales of Solana NFTs are only temporary, and the Solana network NFT activity power will soon moon.
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