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  • Aptos grabs the limelight from Ethereum and Solana by mobilizing over 130% in a week.
  • In the months since its launch, Aptos’ native APT token has received support from some of the most popular crypto wallets and exchanges in the market.

Altcoins are having a good time amid the recent crypto market rebound earlier this week. While Ethereum (ETH) sees a strong gain of 18% on the weekly chart, Solana (SOL) is up 46% in the past seven days.

However, one altcoin that has outperformed both ETH and SOL is Aptos (APT) which is up a massive 109% on the weekly chart. Also, the Aptos altcoin project is a rival smart contract platform of Ethereum and Solana.

At press time, the APT token is currently trading at a price of $8.07 and a market cap of $1.049 billion. The Aptos blockchain network uses a programming language called Move, originally developed by Meta’s now-discontinued crypto project, Diem.

Created by former Diem executives, Aptos seeks to further Diem’s ​​original goal of creating a fast and scalable blockchain accessible to the masses. As previously reported, the APT rally comes amid the overall rebound in the crypto space. On the other hand, the Aptos ecosystem is also buzzing with several projects and milestones popping up.

Additionally, the Aptos blockchain came into the picture as the Solana network faced major issues following the collapse of the FTX crypto exchange. The launch of Aptos came around this time, which made it easy to get early traction.

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With the launch of Aptos, even NFT traders have started moving away from Solana and moving to Aptos. Topaz, Aptos’ NFT marketplace, had garnered million dollars a few weeks after its launch. APT, the native token of Aptos is available for trading on some of the popular cryptocurrency exchanges such as Binance, Digifinex, and Coinbase Exchange.

Growing support for APT tokens from Aptos

APT, the native cryptocurrency of Aptos, is enjoying growing support a few months after its launch. Atomic Wallet, a self-hosted crypto wallet with 3 million customers worldwide, recently announced support for APT token holders.

Similarly, Flow, a blockchain network created by Ethereum-based CryptoKitties developers has implemented the Jolteon encryption protocol, created by Aptos executives. Ahead of the start of 2023, Aptos co-founder and CEO Mo Shaikh said that this year will bring significant development to Solana’s rival. He added:

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There’s some really cool DeFi stuff going live soon that leverages not only 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.

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