New Solana and Ethereum Rival Surges 130% in Just One Week As Ecosystem Heats Up

An altcoin project looking to rival smart contract platforms like Ethereum and eclipse the speed of Solana (SUN) leads the top 100 crypto assets by market capitalization with significant gains over the past week.

At the time of writing, Aptos (SUITABLE) was up 109% in the past seven days, and at one point was up 130% when it surged to $8.67 after hitting a low of $3.76 just a few days earlier.

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

APT rallies come with a general crypto market rebound, with Bitcoin (BTC), ethereal (ETH) and most altcoins posted gains in recent days. The Aptos ecosystem is also showing signs of life as various projects and milestones emerge.

Atomic Wallet, a self-hosted cryptocurrency wallet with more than 3 million users worldwide, only Announced 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 turn of the year, Aptos CEO and co-founder Mo Shaikh said 2023 will bring significant development for Solana’s rival.

He says sheikh,

“There are some really cool DeFi things coming out soon that take advantage of 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 these things will be really great to keep an eye on Aptos. Those will be drastic changes in innovation relative to anything we’ve seen in the previous generation of blockchain. So we’re looking forward to all of that.”

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

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