Aptos Price Today

The current real-time Aptos price is $10.66 . APT price has plummeted by 0.64% in the last day and decreased by 24.22% in the last seven days. It’s important to note that the current Aptos market capitalization is $5,925,652,995. The maximum supply is coins, with a circulating supply of 555,989,189.46. APT is ranked #27 in terms of market cap.

Aptos – The Basics

Aptos (APT) is a layer-one cryptocurrency project that offers exceptionally high throughput through the implementation of custom consensus mechanisms and the Move programming language. The core aspects of Aptos that the development team aims to maintain and increase are scalability, safety, and reliability. 

The Aptos crypto project is helmed by Aptos Labs, a team of crypto fanatics dedicated to building new products and applications for the Aptos blockchain. The project aims to bring mass adoption to Web3, a blockchain-based internet. Moreover, Aptos aims to power an ecosystem of Decentralized Applications (dApps) designed for real-world use cases. 

Aptos was created by Avery Ching and Mo Shaikh, two former Meta employees, when the tech giant discontinued its blockchain project Diem (formally Librea). Aptos officially launched in October 2022, seven months after raising $400 million in a seed round that included investors like Andreessen Horowitz, Jump Crypto, and Binance Labs. 

How Aptos Works

Aptos enables the creation of smart contract-based dApps, hosting and running them on its network. While the project gains its value from the network, APT is its native token used for governance, paying transaction fees, and rewarding validators. 

Aptos uses a blend of Proof-of-Stake (PoS) and its own AptosBFT consensus protocols to order and validate transactions. People can stake a quantity of APT to earn crypto-staking rewards while helping to secure the network. AptosBFT refers to Byzantine Fault-Tolerant, which means the network can continue operating if some participants turn malicious. 

While people can use the APT staking coin to attain rewards, the activity also lets them vote on proposed network updates. When staking, users gain voting rights equal to their staked position, meaning people are incentivized to participate in governance.

What’s Unique About Aptos

A significant advantage of the Aptos network is its exceptionally high transaction throughput. According to the development team, the network can process around 150,000 Transactions Per Second (TPS), while Ethereum boasts around 15 TPS, and Cardano can process around 1,000 TPS. 

While most Proof-of-Stake blockchains process transactions sequentially (one after another), Aptos has taken a different approach. The project offers simultaneous transaction processing, with validation occurring afterward. Failed transactions are either re-attempted or abandoned by the protocol. 

Many cryptocurrencies, like Polygon, are developed using the Solidity programming language thanks to its library support, which enables developers to reuse code. However, Aptos was built using the newer Move language, which offers resistance to reentrancy attacks, which are a severe threat to smart contracts. 

Aptos has an illustrious team and has attracted the attention of several high-profile companies. According to the Aptos Labs website, the project has partnered with Google Cloud, Mastercard, Microsoft, and NBC Universal. 

Aptos Price History Launch to Today

Aptos launched in 2022 but has already had a tumultuous history. The project was initially released at a price of around $7.2657, meaning early investors would be at a 29.25% loss today. However, APT quickly gained value due to hype surrounding its founders’ history at Meta, causing it to hit $9.7663 within four days of launch.

Following its price surge, APT collapsed due to adverse market conditions and post-launch volatility, dropping to around $4.70 before falling further to roughly $3.50 until early 2023. Throughout January, APT increased in price from a low of $3.4511 to an all-time high of $19.86 following news of partnerships and increased adoption of the Aptos network. 

Unfortunately, APT could not maintain its new valuation, falling steadily until October 2023, when it bottomed out at about $5. The months following were prosperous as the Aptos ecosystem expanded, with APT going into 2024 at around $9.50. However, by March, APT  had surged to a high of $19.29. Since then, APT has fallen significantly, now trading for $5.12.