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An altcoin project looking to compete with smart contract platforms like Ethereum and surpass the speed of Solana (GROUND) tops the top 100 crypto assets by market capitalization with significant gains over the past week.

At the time of writing, Aptos (APT) is up 109% in the past seven days, and at one point rose 130% when it hit $8.67 after hitting a low of $3.76 a few days prior.

The Aptos channel uses a programming language called Move, which was originally created for Diem, Meta’s abandoned crypto project. Aptos aims to further Diem’s ​​original goal of creating a fast and scalable blockchain accessible to the masses.

APT’s rallies are accompanied by an overall crypto market rebound, with Bitcoin (BTC), Etherum (ETH) and most altcoins have seen gains over the past few days. The Aptos ecosystem is also showing signs of life, as several projects and milestones appear.

Atomic Wallet, a self-hosted cryptocurrency wallet with over 3 million users worldwide, has just announcement support for APT holders.

Additionally, Flow, a blockchain created by the developers behind the popular Ethereum-based game CryptoKitties, has implemented Jolteon, an encryption protocol created by Aptos executives.

Ahead of the start of the new year, Aptos CEO and co-founder Mo Shaikh said that 2023 will bring significant development to Solana’s rival.

Said Sheikh,

“There’s some really cool DeFi stuff that’s going live soon that leverages not just things like Move, but also parallel transaction processing. So, you know, central limit order books, AMMs (automated market makers), DEXs (decentralized exchanges) – all of those things will be really cool to keep an eye on on Aptos. These will be incremental changes in innovation from anything we’ve seen in the previous generation of blockchain. So we are looking forward to all of this.

At the time of writing, APT is trading at $8.18 with a market cap of $1.2 billion.

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