Solana-Killer Aptos (APT) Gained 106% in Seven days, Here’s Why

Paigambar Mohan Raj

Solana (SOL) competitor Aptos (APT) is currently the best-performing crypto among the top 100 projects. The token was up by 106% at press time on the seven-day chart. Additionally, the crypto rallied by 8.8% in the last 24 hours.

Source: Coingecko

According to CoinMarketCap, the Solana-killer’s volume surged by 22.28% in 24 hours. Moreover, the project’s market cap increased by 9.40%.

Source: CoinMarketCap

Moreover, Aptos (APT) is still very close to its all-time high. APT reached its peak of $13.73 nearly three months ago. APT is 40% shy of retesting this level. Other major crypto projects such as Bitcoin (BTC) and Ethereum (ETH) are 69% and 67% down from their peak value.

Meanwhile, Aptos’s main rival Solana (SOL), is about 90% down from its all-time high of $259.96. However, SOL is currently the 4th best-performing crypto over the week, with 63.9% gains in the weekly charts.

Why is the Solana-Killer Surging, and will Aptos continue to rally?

The Solana rival is proving to be quite a contender, as Aptos is also emerging as a viable alternative to Ethereum (ETH). One of the most significant pushers for APT is its growing utility.

Unlike its competitor Solana, Aptos is still new and identifying its possibilities and expanding integrations. The project continued to be the most talked-about Altcoin on the decentralized finance (DeFi) trading platform Onus Finance.

Move, the language used by Aptos (APT), is generally renowned for being developer-friendly. It eliminates the complexity and streamlines the creation of applications when used with the Aptos framework.

The Aptos (APT) blockchain conforms to adaptable key management tools for user privacy and security. In essence, it gives APT noncustodial solution users protection against advanced assaults. Every component of Aptos’ (APT) modular architecture was built with flexibility and upgradeability in mind.

At press time, Aptos was trading at $8.11, up by 0.7% in the last hour. Meanwhile, Solana (SOL) was trading at $23.57, up by 2.8% in the last 24 hours.