Aptos Half-Year Report: Rapid Ecosystem Growth, Simplified Wallet Integration, Intraday Transactions Reach 117 Million
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Aptos Half-Year Report: Rapid Ecosystem Growth, Simplified Wallet Integration, Intraday Transactions Reach 117 Million
Aptos is a high-performance blockchain platform based on the Move programming language, which made significant progress in 2024.
Navigating Web3 tides with focused insightsAuthor: Jake Kennis
Translation: TechFlow
Disclaimer: Nansen produced this report in collaboration with Slice Analytics as part of its existing service contract with Aptos ("the client"). While Aptos has the right to review and provide feedback, Nansen retains full editorial control over the publication of this report. All opinions expressed are independent views from Nansen’s research analysts (i.e., the author listed in this report). This report is for informational purposes only and does not constitute investment, financial, professional, or other advice. For more information, please refer to the disclaimer at the end of this report and our terms of service.
Overview
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Aptos is a high-performance blockchain platform based on the Move programming language that made significant progress in 2024. Key innovations include a partnership with Tether to bring USDT onto the Aptos network. Aptos also improved its technology by introducing the Aptos Wallet Standard developed with Nightly Wallet, simplifying wallet integration for developers. Chainlink integrated its data feeds and Cross-Chain Interoperability Protocol (CCIP) with Aptos, enhancing the network's data services. Additionally, Aptos partnered with NBCUniversal to integrate Web3 fan experiences and gaming into mainstream entertainment.
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In decentralized finance (DeFi), Aptos expanded its offerings with https://ondo.finance/ integrating real-world assets (RWAs), while Cellana Finance launched its mainnet using the FungibleAsset standard—tokens that are both fungible and carry unique attributes. In gaming and NFTs, Supervillain Labs released Supervillain Idle RPG, and Aptos collaborated with Cripco to launch WARP3, an intellectual property aggregation platform bridging Web2 and Web3.
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On the enterprise side, Aptos Labs launched Aptos Connect, a self-custodial wallet that streamlines user onboarding. Shoal++, a DAG BFT system, achieved sub-second latency at 100k TPS throughput, setting a new performance benchmark in the blockchain industry.
Key Developments: Year-to-Date 2024
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Tether Operations Limited will launch its leading stablecoin USDT on the Aptos network, making it the first stablecoin available on a Move-powered blockchain. This integration expands Tether’s reach in emerging markets and aims to promote global financial inclusion by leveraging Aptos’ scalability and efficiency. Aptos’ low transaction fees, sub-second finality, and 99.99% uptime make it ideal for micropayments and large-scale operations.
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Chainlink integrated with Aptos, bringing its oracle networks and Cross-Chain Interoperability Protocol (CCIP) to the ecosystem. As part of Chainlink SCALE, this integration equips Aptos with critical tools and industry-leading data, making Aptos the first Move-based network to partner with Chainlink.
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Aptos Labs and NBCUniversal formed a long-term partnership to introduce innovative Web3 fan engagement, loyalty programs, and gaming experiences to the entertainment giant. The collaboration is expected to transform how fans interact with NBCUniversal’s content by leveraging Aptos blockchain technology to create immersive next-generation entertainment.
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Aptos Foundation hosted its first online Aptos RaNd0M Hack, attracting 280 applicants. The hackathon showcased strong community interest in Aptos Roll, the chain’s randomness API. The top five projects were voted on by the community, with Move Mania taking first place.
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Aptos Labs introduced a new feature called Passkeys, enabling users to log into apps with just two clicks—similar to Face ID or Touch ID. This innovation simplifies Web3 interactions, making them more secure and user-friendly, especially for non-technical users. Passkeys represent a major step toward mainstream blockchain adoption by lowering entry barriers for new users.
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Aptos Foundation and Movement Labs achieved a key milestone by successfully integrating Aptos’ data availability layer with Move Stack. This integration connects Aptos to Ethereum and EVM-compatible applications, networks, and frameworks, enhancing interoperability and expanding the use cases within the Aptos ecosystem.
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Leading developer platform Shinami partnered with Aptos Foundation to bring its full product suite to the Aptos network, providing developers with essential tools for building decentralized applications (dApps). Shinami also launched a gas fee credit program aimed at improving user experience on Aptos, making dApp development simpler and more cost-effective.
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Aptos Labs teamed up with io.net to increase access to AI technologies on the Aptos network by offering distributed, scalable GPU resources along with a suite of AI models and inference products.
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Aptos Labs announced the launch of Aptos Ascend at the DeFi Days summit, marking a significant advancement in integrating traditional finance with blockchain technology. Created in collaboration with Microsoft, SK Telecom, Brevan Howard, and BCG, this initiative aims to deliver secure and flexible solutions for institutional players.
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Nightly Wallet and Aptos Labs jointly launched the Aptos Wallet Standard, a new capability allowing teams to seamlessly inject wallets into dApps without direct integration. The standard is expected to revolutionize wallet integration across the Aptos ecosystem, simplifying workflows for developers and improving overall user experience. The Aptos Wallet Standard reflects ongoing innovation within the network focused on enhancing interoperability and usability.
Ecosystem
DeFi
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Ondo Finance partnered with Aptos Foundation to bring real-world assets (RWAs) to the Aptos blockchain, starting with the integration of USDY. These collaborations bridge traditional finance with blockchain technology, offering safer and more efficient financial products. By incorporating RWAs, Aptos broadens its DeFi offerings and increases appeal to institutional investors.
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Cellana Finance launched its mainnet as the first DeFi protocol on Aptos to adopt the FungibleAsset standard and Ve(3,3) model. This standard enables creation of fungible tokens with detailed metadata, meaning they can represent items that are both interchangeable and have specific traits. On top of this, Cellana allows users to lock CELL tokens as veCELL (“ve” = vote-escrowed) for governance and rewards. Unlike traditional models where locked tokens remain illiquid, Cellana tokenizes these positions as NFTs, making them transferable. This approach enhances liquidity and flexibility, allowing users to trade their staked positions.
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Pontem launched Liquidswap V1, the first automated market maker (AMM) on Aptos, matching functionality with many top-tier decentralized exchanges (DEXs). Liquidswap V1 supports concentrated liquidity pools, enabling more efficient trading and liquidity management.
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Kana Labs integrated its Paymaster service with Chingari, enabling gasless transactions for users on the Aptos network. This integration has already processed over 250,000 transactions, significantly improving user experience by eliminating transaction costs.
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Echelon launched on Aptos with a mission to ensure a secure, composable, and capital-efficient future for Move-based DeFi. The launch introduces advanced lending features emphasizing security provided by the virtual machine core and capital efficiency driven by E-Mode, both crucial for DeFi growth on Aptos.
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Aptos Foundation proposed deploying Aave V3 on the Aptos mainnet—if approved, this would mark Aave’s first deployment on a non-EVM blockchain. Aave Labs has already built and deployed integration code on the Aptos testnet, laying the foundation for this pioneering move.
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Superposition announced a multi-chain rollout starting on Aptos, aiming to enable DeFi interoperability. The plan will expand to other networks like Solana and Avalanche, enhancing composability and connectivity across Aptos and other blockchain ecosystems.
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TruFin launched its TruStake product on Aptos, delivering institutional-grade DeFi solutions to the network. TruStake enables users to stake APT, contribute to network security, and earn rewards, while seamlessly integrating with platforms such as Liquidswap, Superposition, and Aries Markets.
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Econia Labs launched emojicoin.fun on testnet—a digital asset launchpad using emojis as ticker symbols—offering users a fun and interactive experience.
NFTs & Gaming
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Aptos Labs partnered with Supervillain Labs to launch Supervillain Idle RPG, a new immersive gaming experience running on the Aptos blockchain. Developed by the METAPIXEL team, this marks a major expansion of Aptos’ gaming ecosystem. The collaboration aims to attract gamers and developers to explore and participate in blockchain-based games, elevating the overall quality of gaming experiences on Aptos.
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Aptos Foundation teamed up with MON Protocol to strengthen the on-chain gaming ecosystem by providing game developers on Aptos with MON’s development tools, accelerating social discovery and adoption. Known for its work on the metaverse project Pixelmon, MON Protocol will support current and future game developers on Aptos, increasing visibility and success of gaming projects within the ecosystem.
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Aptos Labs partnered with Cripco to launch WARP3, a platform designed to bridge Web2 and Web3 by focusing on aggregation, curation, and monetization of intellectual property (IP). This collaboration enables Aptos users to easily access, own, and monetize IP, further expanding the utility of the Aptos network in creative and IP domains.
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Aptos Labs collaborated with Toymak3r to revolutionize collectibles through immersive fan experiences, beginning with deadmau5’s 25th-anniversary tour. This partnership merges physical and digital collectibles, offering fans unique experiences that connect the real and virtual worlds.
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Under the leadership of Aptos Monkeys, Wapal, Mercato, and Kana Labs, the “It’s An Aptos Thing” event attracted 26,000 unique minter participants who collectively minted 1 million NFTs on Aptos via its aggregator. This community-led initiative demonstrated the speed and capacity of the Aptos network, reinforcing its ability to support large-scale NFT projects.
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Aptos Labs welcomed Google Cloud into Aptos GameStack, enabling game developers to integrate Google Cloud’s data, analytics, and AI/ML solutions with Aptos’ suite of Web3 gaming tools. This collaboration brings substantial enhancements to Aptos’ gaming ecosystem, giving developers powerful resources to improve game development and player engagement.
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KYD Labs signed a four-year agreement with Le Poisson Rouge, transforming the historic New York venue into the first fully on-chain major U.S. performance space, with all shows and ticketing managed on the Aptos blockchain.
Enterprise
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Aptos Foundation deepened its integrations with Stargate and LayerZero, simplifying the DeFi experience on Aptos by improving cross-chain interoperability and transaction efficiency. This collaboration addresses key barriers in DeFi, enabling users to seamlessly access the Aptos ecosystem.
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Aptos Labs rolled out a series of performance and latency improvements, making Aptos the first blockchain to achieve end-to-end latency under one second for all transaction types. This technical milestone sets a new standard for speed and efficiency in the blockchain industry, establishing Aptos as one of the fastest blockchains capable of true instant transactions.
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Aptos Labs launched Aptos Connect, a next-generation Web3 onboarding tool offering a keyless, self-custodial wallet that ensures secure access. Aptos Connect simplifies user onboarding through familiar Web2 login methods, enabling one-click account creation and eliminating the need for private keys or seed phrases.
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Aptos Labs' research team introduced Shoal++, a next-generation Directed Acyclic Graph Byzantine Fault Tolerance (DAG BFT) system designed for sub-second latency and 100,000 transactions per second throughput, tested on a comprehensive testnet. This advancement deployed 100 nodes across ten regions on six continents, highlighting the global scalability and robustness of Aptos technology. Shoal++ represents a major leap forward in blockchain performance, setting new benchmarks for speed and efficiency.
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Elliptic integrated with Aptos to provide advanced cryptocurrency compliance solutions across the ecosystem. This integration introduces enhanced security features including transaction screening and Web3 transparency, which are vital for maintaining trust within the ecosystem. By leveraging Elliptic’s tools, Aptos strengthens its position as a secure and compliant blockchain network.
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Semgrep added support for Move on Aptos, providing initial security rules to help developers identify vulnerabilities and enhance ecosystem security. This integration enables security researchers to conduct audits more efficiently, improving the overall robustness of smart contracts and applications on the Aptos blockchain.
On-Chain Data
Daily Transactions
By the end of 2024, daily transaction volume on the Aptos network experienced notable fluctuations, peaking at 326 million transactions per day on May 25, 2024. This surge was primarily driven by the popularity of the tap-to-earn game Tapos Cat and other gaming projects on the platform. This unprecedented level of transaction activity was achieved without any technical failures, underscoring the strength of Aptos’ underlying infrastructure.
Excluding the spike in May, the Aptos network showed steady growth in transaction volume from January to June, averaging around 1.5 million transactions per day. Spikes at the end of February and mid-March were attributed to internal load testing.
Daily Active Addresses
Trends in active addresses closely mirror transaction volume. Active addresses show a gradual upward trend, fluctuating noticeably between 200,000 and 300,000 per day. The most significant spike occurred in early June, surging to 500,000 daily active addresses. This jump was driven by the popularity of the tap-to-earn game Tapos Cat. Overall, the data indicates steadily rising user activity, with the brief spike in June adding momentum to this trajectory.
Summary
2024 was a year of rapid growth for Aptos, fueled by key technological innovations and strategic partnerships. Aptos introduced the Aptos Wallet Standard to simplify wallet integration and partnered with Chainlink to enhance data services and cross-chain interoperability. Collaborations with NBCUniversal and Supervillain Labs expanded Aptos’ footprint in entertainment and gaming, while the launch of Cellana Finance and integration of real-world assets strengthened its DeFi ecosystem.
On-chain activity reflects this growth, with Aptos processing up to 117 million transactions in a single day—largely due to popular gaming projects like Tapos Cat. Daily transactions averaged 1.5 million, with notable spikes in user participation during February and March. Active addresses also showed consistent growth, peaking above 500,000 in early June, indicating an expanding user base and increasing network activity.
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