Aptos Takes Over Sui, Reigniting the Move Ecosystem Craze

2024-10-31, 08:00

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![](https://gimg2.gateimg.com/image/article/17303614241690791857hotspot.jpeg)
## [TL；DR]: 
<a href="/ja/price/aptos-apt" target="_blank" class="blog_inner_link">Aptos</a> (APT), which has always been dull, has been steadily rising recently, with a circulating market cap of nearly $5 billion, showing a strong upward trend following SUI.

Aptos, as an emerging high-performance and scalable blockchain, attracts market attention with its high throughput and low latency characteristics. DeFi and AI are the two labels for its ecosystem prosperity.

Aptos Labs is in talks to acquire HashPalette and enter the Japanese blockchain market, with the potential to use various methods to brainwash marketing from South Korea to Japan.

## Introduction
We have shared the technological innovation and coin price performance of Sui Network (SUI) multiple times in our blog articles, and the recent strong fluctuations in SUI prices have also confirmed our previously optimistic views. This article will delve into another high-performance public chain Aptos in the Move series, sharing a series of innovative trends and coin price performance of the chain.
 
## APT Relay SUI Rose, TVL Surged
Recently, the performance of Move series public chains in the market has been particularly eye-catching. From the strong pull of Sui ecosystem and the boom of on-chain ecosystem and Meme, to the expected launch of the highly anticipated Movement ecosystem mainnet, this series of events continues to push Move series public chains to the forefront of the market.

In this context, Aptos, which has always been dull, has also ushered in its shining moment, with token APT steadily rising and a strong upward trend in SUI.
 ![](https://gimg2.gateimg.com/image/article/17303614571.jpeg)
Source: Gate.io 
 
Despite the overall market downturn and widespread collapse of Altcoins last week, the price of APT remained strong and successfully broke through the $11 mark, setting a new high for the second half of the year. Currently, APT ranks among the top 25 tokens with a circulating market value of nearly $5 billion.

Meanwhile, the total value locked (TVL) of the Aptos ecosystem has also shown a remarkable growth trend. According to DefiLlama data, the TVL of the Aptos ecosystem has grown to $1.6 billion, an increase of nearly 14 times this year. As of September 28, this figure was only $558 million, an increase of more than three times, demonstrating the strong development of its ecosystem.
 ![](https://gimg2.gateimg.com/image/article/17303614722.jpeg)
Source: DefiLlama

Specifically, the top protocols in the Aptos ecosystem, such as Aries Markets and Amnis Finance, account for $660 million and $240 million in TVL respectively, with an increase of over 26% in the past 30 days. Echelon Market leads other protocols in the chain with a TVL increase of 209%.

According to CoinMarketcap data, there are a total of 25 Aptos ecosystem tokens with a total market value exceeding $5.6 billion. It is not difficult to see that although the ecosystem of this chain is becoming increasingly prosperous, the efforts of various applications are still insufficient, and there is still great potential for improvement.
 
## DeFi Ecosystem is Active, Recently Focusing on AI
Aptos, as an emerging high-performance and scalable blockchain, has attracted widespread attention for its high throughput and low latency since its launch by Avery Ching and Mo Shaikh on October 12, 2022.

According to official website data, Aptos can process approximately 160,000 transactions per second and complete verification in less than 1 second. With a monthly active user base of 6.3 million, it provides strong support for its business expansion in DeFi, Game, and other fields.

As of the writing date, Aptos has been integrated with over 180 decentralized applications (DApps), among which DeFi is one of the most active and important application areas in the Aptos ecosystem. Since the beginning of this year, Mastercard has been building a crypto credential tool on the Aptos network, which has become an important measure for Aptos to move towards large-scale adoption in reality.
 ![](https://gimg2.gateimg.com/image/article/17303614953.jpeg)
Source: aptosfoundation.org
 
In terms of DeFi projects in the Aptos ecosystem, excellent projects such as Aries Markets, Amnis Finance, and Echo Protocol have emerged one after another, which deserves special attention.

Aries Markets: As the largest DeFi lending project in the Aptos ecosystem, Aries Markets offers a variety of features including lending, leveraged trading, and interest bearing assets. The recently launched "Efficiency Mode" optimizes the asset utilization of users and Aptos ecosystem by improving capital efficiency, further enhancing its market competitiveness.

Amnis Finance: As the first liquidity staking protocol in the Aptos ecosystem, Amnis Finance's TVL exceeds $240 million and has over 300,000 stakers. Its innovative concept of revenue tokenization enables users to immediately receive an equivalent amount of stAPT while staking APT, and use it in other DeFi protocols in the ecosystem.

Echo Protocol: In less than a month since its launch, Echo Protocol has brought $147 million in TVL to the Aptos ecosystem. Echo Protocol focuses on the BTCFi multifunctional protocol for the Move ecosystem, introducing BTC liquidity into the Move ecosystem by providing cross chain, liquidity staking, and re-staking services, and introducing innovative re-staking solutions for BTC assets. This innovative model of cross chain and liquidity staking not only enriches the application scenarios of the Aptos ecosystem, but also promotes interconnectivity between BTC and the Aptos ecosystem.

In addition, Aptos has been deeply integrating AI since the beginning of this year, not only collaborating with Microsoft to create the AI security assistant Aptos Assistant, but also launching an AI driven Q&A application called FIND OUT from Aptos Labs, providing an interactive and community driven experience for the community.
![](https://gimg2.gateimg.com/image/article/17303615234.jpeg)
Source: assistant.aptosfoundation.org/

In October, the Aptos Foundation announced a partnership with NVIDIA, Tribe, and DISG supported Ignition AI accelerators to drive the development of AI startups in the Asia Pacific region and beyond. It also partnered with decentralized AI platform FLock.io to launch artificial intelligence tools that make coding using blockchain custom programming language Move easier.

In short, while traditional fields such as GameFi, Meme, RWA cannot surpass other public chains, Aptos is forging its own unique path of ecosystem construction by integrating AI technology.

## Dual-wheel Drive of Technological Innovation and Marketing
In this bull market cycle, Aptos, as one of the twin stars of Move based blockchain technology, although initially kept a low profile, its innovative ability and market performance cannot be ignored. With Sui's leading rise, the early pricing model has successfully attracted widespread market attention and driven the activity of the entire ecosystem. Aptos is expected to replicate this path of rising to fame.

In fact, since its launch in 2022, Aptos blockchain has achieved incredible development in a short period of time, attracting hundreds of projects including DeFi operators such as <a href="/ja/price/pancakeswap-cake" target="_blank" class="blog_inner_link">PancakeSwap</a>, NFT oracle machines such as SupraOracles, and startup boards such as BuilderDAO. The rapid growth of this ecosystem not only demonstrates Aptos' technological strength, but also lays a solid foundation for its future market competition.

In addition to consistent technological innovation, Aptos has also demonstrated innovative marketing strategies that differ from Sui's. The most eye-catching is undoubtedly the song "APT." co-written with Rosé, a member of the globally popular girl group Blackpink, and renowned singer Bruno Mars. This song quickly became popular worldwide, not only refreshing various music charts, but also sparking widespread discussions on social media. Although the song and the project itself are only named after each other and have no direct connection, Aptos has successfully increased its brand awareness and market influence through this global hot topic.
 ![](https://gimg2.gateimg.com/image/article/17303615505.jpeg)
Source: public information
 
Especially in the Korean community, the catchy brainwashing lyrics “APT APT APT APT APT…” not only ignited the enthusiasm of community members, but also further consolidated Aptos' position in the Korean market.

According to the latest market news, Aptos Labs is in talks to acquire HashPalette and enter the Japanese blockchain market. It is not difficult to infer whether Aptos will also engage in brainwashing marketing from South Korea to Japan through various means.

Looking ahead, the potential of Move based blockchain technology remains enormous. Although the overall scale and activity of the Move ecosystem are not as high as other mature ecosystems at present, with the continuous maturity of technology and the expansion of application scenarios, the Move blockchain is expected to play a greater role in the future. Especially as some projects begin to introduce Move into the ETH Layer2 ecosystem, Aptos is expected to achieve even more brilliant achievements in the future.

<div class="blog-details-info">
<div>Author:**Charle Y.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>