BlocksInform
Since the beginning of the year, APT, the token driving the layer-1 blockchain Aptos, has been on a tear, increasing in value by as much as 150% just in the past week. In the past 30 days, the token has increased by 407%.
This is true even if APT’s price has dropped by 8.5% in the last day, from its record high of $19.92 on Thursday to its current level of $18.21, according to statistics from CoinGecko.
Aptos, which debuted in October 2022 amidst much fanfare and criticism, has a market capitalization of about $2.92 billion, Ranking it as the 28th most valuable network in the cryptocurrency sector.
After the well-known decentralized exchange (DEX) PancakeSwap held a community vote to continue its deployment on Aptos, A price increase was initiated.
The recent inclusion into Atomic Wallet, a non-custodial multi-chain cryptocurrency wallet, As well as the rising interest in Aptos-based NFT collections, have had a beneficial effect on the price of the APT token.
According to Chinese crypto journalist, Collin Wu: ‘’The recent surge of APT may be related to the crazy buying in the Korean community. The 24-hour trading volume of Korean APT/KRW on Upbit, South Korea’s largest exchange, exceeded the sum of Binance’s multiple trading pairs, reaching $566 million, he stated.
Wu further added, ’’Pumping up altcoins is also one of the traditions in the Korean community. Aptos officials attach great importance to the Korean community. It released a Korean language white paper, which is the only language other than English. It plans to launch a global hackathon and the first is in Seoul. Korean companies Hashed, Hive and YG are investors in Aptos. ’’
Aave Protocol V3 Now Live on the Ethereum Market
In a recent announcement, Aave Protocol V3 is now live on the Ethereum market. ”The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, And its improved capital efficiency & decentralized liquidity – all while reducing gas costs.”
Stani Kulechov, AAVE CEO stated. With the deployment of V3 on Ethereum mainnet, Aave’s first and largest market, new technical features and benefits have been unlocked including:
High-Efficiency Mode: This allows users to increase their capital efficiency when supplying and borrowing correlated assets like stablecoins and liquid staking derivates (LSDs).
Isolation Mode: enables more assets to be listed on Aave as collateral while maintaining the security of the protocol. Liquidity risks can be siloed by listing assets in isolation mode.
And lastly, Gas Optimization reduces gas costs associated with all the functions across the board by almost 20-25%.
