Aptos Blockchain: Growth, Key Features, and 20 Top Performing Projects
Outages, costs, throughput limits, and security are a few issues that continue to hinder the growth of blockchain. To promote mass adoption, blockchain must become a trusted, scalable, continually improving platform.
The Aptos blockchain attacks these issues head-on. By solving the classic pitfalls of decentralized applications and promising an unparalleled blend of scalability, safety, and upgradability. This article provides a breakdown of the Aptos ecosystem, including the Aptos blockchain and the native Aptos token, and highlights 20 notable projects contributing to its growing ecosystem. Buckle up because we’re going to be constantly updating this document and continue to watch the Aptos ecosystem push the web3 space forward!
Picture a world where blockchain technology isn’t just a complex construct confined to the tech-savvy minority but a powerhouse driving mainstream adoption of web3, heralding a new era of decentralized applications that crack real-world user dilemmas. That’s the audacious vision that drives Aptos.
Their mission is to propel the evolution of blockchain, pushing the boundaries in reliability, safety, and performance by engineering a flexible, modular blockchain architecture designed to adapt and thrive amidst the ceaseless pace of technological progression. This dynamic architecture not only welcomes frequent upgrades but also ensures rapid adoption of the freshest advancements in technology, offering comprehensive support for new and emergent use cases.
Aptos is poised to be at the forefront of the web3 era. This game-changing technology, honed by 350+ global developers over three years, packs fresh innovations in consensus, smart contract design, and system security.
The Forces Behind Aptos
Aptos was developed by Aptos Labs, an organization spearheaded by Mo Shaikh and Avery Ching in 2021. Both Shaikh and Ching have a history with Meta (previously Facebook). Shaikh emphasizes the freedom they experienced since leaving Meta, by being able to put their ideas into motion, ditch bureaucratic red tape, and build an entirely new network from the ground up.
Aptos Labs is not just innovative but also notably well-funded. In March 2021, the organization received $200 million in funding from an investment round led by prominent firms such as Andreessen Horowitz (a16z), FTX Ventures, Coinbase Ventures, and other major names in the crypto industry. Further investment followed in July of the same year, with Aptos raising an additional $150 million in a funding round led by FTX Ventures.
At its core, Aptos breathes life into applications using the Move programming language. It’s not only more secure, but it’s flexible, transcending the limitations of traditional languages like Solidity.
The Aptos Ecosystem launched its mainnet on October 12th, 2022, with an initial total supply of 1 billion Aptos tokens (APT). These tokens have 8 digits of precision, with the minimal unit called an Octa. The initial token distribution was split into four categories: 51.02% to the Community, 19% to Core Contributors, 16.5% to the Foundation, and 13.48% to Investors.
Tokens allocated to the Community and the Foundation are earmarked for ecosystem-related items, such as grants and incentives, and are expected to be distributed over ten years.
Core Contributors and Investors are subject to a four-year lock-up schedule, with no APT available for the first twelve months. After that, tokens gradually unlock each month until all tokens are unlocked on the fourth anniversary of the mainnet launch.
As of the given date, over 82% of the tokens are staked across all categories. Both unlocked and locked tokens can be staked. Staking rewards, which are split between validator operators and stalkers, can increase the total token supply.
Check out Aptos’ whitepaper for a more comprehensive look into its token distribution.
DeFi on Aptos
Pontem Network is a product studio building foundational dApps for Aptos. Incubating Liquidswap, the first AMM for Aptos, supporting uncorrelated token swaps, stable swaps for correlated assets, DAO treasuries, and dynamic fees. Pontem is a product development studio building products with Move on Aptos and other L1s. Their goal as partners of Aptos is to build foundational products which enable adoption for billions of users.
For more updates on Pontem, check out their Twitter Page.
Mover is fasted bridge on the Aptos ecosystem. They are a blazing-fast liquidity bridge connecting EVM and non-EVM chains, and they also connect both the Aptos and Sui ecosystems. Mover offers an effortless option for projects that desire to become cross-chain. By connecting to Mover, these projects can promptly tap into a broad spectrum of chains, which opens up access to liquidity and communities.
As a result, hundreds of projects stand to gain from Mover’s capacity to simplify cross-chain transactions and enhance liquidity for their users. At the moment, through the Mover protocol, cross-chain users can make transfers between the following networks: Aptos Network, Arbitrum, BNB Chain, and Polygon.
For more updates on Mover, check out their Twitter page.
Aptin is a payment gateway that enables merchants to accept cryptocurrencies seamlessly, leveraging the speed and security of the Aptos Blockchain. It is a decentralized lending platform powered by Aptos.
Aptin enables users to effortlessly lend, borrow, and earn digital assets within a global network. Their mission is to protect the privacy of the lending market and open up more possibilities in this unexplored area, with the firm belief that everyone has the right to fund their efforts in an environment of safety, security, and privacy.
For more updates on Aptin Finance, check out their Twitter page.
With $LEND tokens, we will finally extract real yield for our users and create a DeFi revolution. LEND is a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and protocols to access financial services. The protocol is completely permissionless, transparent, and totally non-custodial.
LEND is a multi-chain lending protocol with real yield value extraction from protocol to holder. LEND makes it possible to instantly access liquidity cross-chain in a single click with our seamless platform.
For more updates on LEND, check out their Twitter page.
For Liquidity Providers, Tsunami offers a pooled LP token (TLP) that minimizes risk from impermanent loss through diversification of blue chip cryptos and stablecoins while maximizing rewards by generating leveraged trading fees on top of swap fees.
For Traders, Tsunami provides a way to trade with 0% price impact, known exit liquidity, low funding fees, a low spread, and collateral that grows in value over time.
For more updates on Tsunami Finance, check out their Twitter page.
NFT Marketplace on Aptos
Topaz is an NFT marketplace built on the powerful Aptos blockchain, with a focus on safety and scalability. Topaz provides a platform for artists, creators, and collectors to buy, sell, and trade digital assets. This platform allows people to buy, sell, collect, and display. These are all the things you would expect from a modern NFT marketplace.
For more updates on Topaz NFT marketplace, check out their Twitter page.
Omni X is an omnichain NFT platform designed to empower creators and collectors across multiple blockchain ecosystems. They believe it’s essential to offer a seamless, user-friendly platform that transcends the limitations of traditional, single-chain NFT marketplaces.
Omni X is a hub for NFT activity and the baseline infrastructure for true multichain interoperability. They extend beyond the simple marketplace framework by adding innovative tooling, interactive social features, robust and transparent analytics, and deep NFT project integrations.
For more updates on Omni X, check out their Twitter page.
In their own unique words, “Monaki is a cultural step forward. It’s not a shift. It’s a flip. A 360-degree reversal of the web3 space.” Monaki, with its utilities, will give you a pass to the closed world of the beautiful and high in the real world. It offers its members Visits to the best Michelin restaurants with unique offers and haute couture accessories.
For more Updates on Monaki, Check out their Twitter page.
With NODEGEN, You can make your own launchpad with a revealing, dynamic price feature. As a matter of fact, anyone can easily create their NFT collection and launch it on the Aptos blockchain because creating a collection is free.
Zero coding is required to make randomly generated NFT collection Dynamic minting options available. Minting price will fluctuate based on the demand and eventually will find its ideal price. Also, reveal your NFT at a specific time to maximize the excitement. The greatest exposure and widest reach on Web3. They provide the massive potential for secondary trading volume post-mint and a hassle-free mint with dedicated development support to boot.
For more updates on NODEGEN, check out their Twitter page
MEGACY focuses on building and developing an ecosystem of services, protocols, DeFi applications, and services for NFT on multiple blockchains. Megacy was created to provide a decentralized ecosystem of high-quality multi-chain NFT applications.
The ecosystem combines products, services, protocols, solutions, and decentralized finance for NFTs from various blockchains into a unified point; this will aid in the elimination of border barriers between top-tier blockchain platforms, allowing NFT users and NFTs themselves more freedom in their tasks.
Their mission is to be the first all-in-one NFT platform, allowing everyone to use all possible NFT services with a single platform and ecosystem in the safest, most cost-effective, fastest, and easiest way imaginable.
For more updates on MEGACY, check out their Twitter page.
Aggregators on Aptos
OpenOcean is the most efficient DEX aggregator protocol for crypto trading that sources liquidity from DeFi markets and enables cross-chain swaps. Their intelligent routing algorithm finds the best prices from DEXes and splits the routes to provide traders with the best prices with low slippage and fast settlement. The product is free to use, meaning that OpenOcean users only need to pay the regular blockchain gas and exchange fees for the trades, which are charged by the exchanges and not OpenOcean.
“As a team, we always push for the absolute highest possible capital efficiency! We strive for value and to bring people tools they actually want to use. OpenOcean is how dex trading should be!” – Guy, Ecosystem Development manager.
OpenOcean aggregates major decentralized exchanges across Ethereum, Layer 2s such as Arbitrum and Optimism, BNB Chain, Solana, Avalanche, Fantom, and more, and is the first DEX aggregator on BNB Chain, Avalanche, Fantom, Solana, and Gnosis.
For more updates on OpenOcean, check out their Twitter page.
Kana Labs is a multi-chain DeFi & DEX super app aimed at revolutionizing trading and payment services in blockchain technology. They aim to achieve this by combining multi-chain wallets, multi-chain aggregators, cross-chain solutions, and feeless transactions under a single platform.
What makes Kana Labs different is that their platform features a simplified and user-friendly user experience that enables users to participate in making DeFi transactions even if they lack proper knowledge or background on DeFi yields and DEX liquidity. It features powerful tools which cater to a wide range of protocols for both DeFi and DEX users.
For more updates on Kana Labs, check out their Twitter page.
Infrastructure on Aptos
Verilog enhances security standards in Web3 ecosystems, encompassing the entire protocol stack. It provides comprehensive full-stack security, including consensus, smart contract, and operational security, elevating the overall protection level for Web3 environments.
For more updates on Verilog Solutions, check out their Twitter page.
BlockEden.xyz is a suite of APIs powering DApps of all sizes for Aptos and Sui blockchains. The San Francisco-based software company helps web3 developers connect to blockchain nodes and networks instantly and securely. They aim to build an all-inclusive platform for web3 developers in the next five years, starting with a genesis product that could immediately serve the Aptos and Sui developer community’s needs.
BlockEden.xyz has an impressive track record, beginning with Aptos and maintaining 99.9% uptime since its mainnet launch. Their services have expanded to include Sui, Solana, and 12 EVM blockchains, demonstrating our adaptability and commitment to staying at the forefront of the industry. With over $45 million worth of tokens staked with us, their clients trust them to provide reliable and secure solutions for their web3 and blockchain needs.
For more updates on BlockEden.xyz, check out their Twitter page.
Tools on Aptos
Shiit App is a top-tier DeFi site that offers investors charts, portfolio management, DeFi tools, and many other features. The application indexes all token contracts on Aptos and Sui networks and allows users to follow token transactions in real time, including the most recent buys and sales, market capitalization, liquidity, and fees.
For more updates on Shiit App, check out their Twitter page.
Overmind is a platform where developers engage in coding quests to improve their skills and earn prizes and on-chain credentials. Quests are educational as much as they are competitive and challenge the solver to think creatively. By conquering challenges, users master smart contracts that enable them to build world-class dApps, while building a verifiable track record of their skillset.
For more updates on Overmind, check out their Twitter page.
MoveBit is a blockchain security company that specializes in the Move Ecosystem. They are at the forefront of utilizing cutting-edge Formal Verification techniques. The team comprises security professionals with extensive experience in both academia and enterprise. As one of the earliest contributors to the Move ecosystem, they have collaborated closely with Move developers to establish security standards for secure Move applications, making it the most secure Web3 destination.
For more updates, check out their Twitter page.
Wallets on Aptos
Rise Wallet was the first mobile wallet deployed on Aptos. They are a next-generation non-custodial digital wallet that enables universal access to the Aptos blockchain and its associated applications.
They are the only wallet with the auto approve and burner wallet option, the only wallet with on-chain PFPs, and a 24/7 customer support and notification system, and they also have a powerful and secure web app and extension. Not to mention that they are the 2nd biggest wallet on Solana. Built by the Solflare team, Rise Wallet already has years of research and development behind it.
For more updates on Rise Wallet, check out their Twitter page.
Martian Wallet is a crypto wallet that can be used to manage digital assets and access decentralized applications on the Aptos and Sui blockchain. At its core, Martian Wallet works by creating and managing private keys on behalf of its users. These keys can then be used within the Martian wallet to store funds and sign transactions. Most recently, Martian Wallet launched a Twitter integration feature. This is an exciting feature that allows users to do p2p transactions straight from Twitter.
FoxWallet is a safe and easy-to-use decentralized Web3 wallet dedicated to creating an entrance and connection to the Web3 world. The FoxWallet development team has rich experience in blockchain and network security, and the code has passed the audit of authoritative institutions, making it a reliable wallet.
For more updates on Fox Wallet, check out their Twitter page.
With its decentralized, secure, and scalable network governed by the community, Aptos could pave the way for a global computational powerhouse that meets the growing infrastructure needs seamlessly.
What are your experiences with the Aptos ecosystem? Do you feel it has the potential to become a large part of the decentralized mozaik that the web3 industry is building?
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