In the past two weeks, Aptos has seen a price increase of over 250%, which has contributed to increased interest in some of the top 10 collections on Aptos’s NFT marketplace, Topaz.
The price of APT, the token of layer-1 blockchain Aptos, increased by more than 50 percent over the weekend, reaching a record high of $14.39 on January 22 as the crypto market recovered from a post-FTX collapse.
Let's look at transaction speeds on Aptos.
— Paradigm Engineer #420 (@ParadigmEng420) October 17, 2022
Aptos promises 100k TPS in its finalized version. However, the current TPS is somewhere around 4 transactions per second. pic.twitter.com/joWnxAeIpZ
Following the announcement, the price of APT went up by more than 50% in just 24 hours. Aptos could be getting a lot of attention right now because it has a lot of VC backing. In July of last year, FTX and Jump Crypto led a round of funding that brought in $150 million. A few months later, in September, Aptos was worth $4 billion after a strategic investment from Binance. This meant that in just six months, its value had quintupled.
As traders rush to cash in on the hype, Aptos’s price action is also boosting interest in NFTs on the layer-1 blockchain. According to Aptos-based NFT marketplace, Topaz, collections such as MAVRIK, Spooks, Kreachers, BabyApetos and AptoPunks have experienced a significant increase in trading volumes over the last 24 hours.