Aptos Hit 116 Million Daily Transactions: Can Price Surge 22%?

Aptos (APT) blockchain achieved a new record by processing 116 million transactions on May 25. This remarkable volume significantly outpaced Solana, which logged 31.9 million transactions the same day.

A key driver of this surge was the instant hit tap-to-earn game Tapos Cat. It accounted for 10 million transactions on its launch day alone.

Aptos Eyes Breakout: 22% Surge Imminent?

Data from Aptoscan reveals that Aptos reached an all-time high of 32,000 transactions per second (TPS) on that day. Consequently, this achievement showcases Aptos’s robust capacity and also its expanding reach and adoption amidst layer-1 platforms.

Tapos Cat’s gameplay is simple. Players can earn HEART tokens by interacting with a virtual cat. This process involves multiple transactions, significantly boosting the total transaction count.

Additionally, the game attracted more players by eliminating gas fees for the first 72 hours, removing any financial barrier to entry.

Read more: Aptos Crypto (APT): A Guide to What it Is and How it Works

This strategy of incorporating gamification within blockchain technology is gaining popularity. For example, the Notcoin (NOT) game within the Toncoin ecosystem launched on January 1, 2024, through Telegram, features a similar tap-to-earn model.

It gained more popularity after airdropping 5% of NOT supply to more than 500,000 members of its community.

Such games are pivotal not just for increasing transaction volumes but also for enhancing user engagement. They attract diverse users, including those who might not typically engage with crypto. The introduction of games like Tapos Cat and Notcoin marks a shift in how people interact with blockchain technologies, making the experience both fun and rewarding.

The record-breaking transaction volume has propelled Aptos beyond the previous high of over 65 million transactions set by the Sui Network, as reported by BeInCrypto in July 2023. However, Sui’s transactions have since reduced to 13.7 million, prompting speculation about Aptos’s ability to sustain such high activity levels.

On the financial front, the Aptos token is approaching a potential market breakout from an inverse head and shoulder pattern, a bullish indicator suggesting a likely reversal from the recent downtrend.

“The user transaction number of Aptos hit a record high, and I am expecting this to have a bullish effect on APT price in the long term,” crypto analyst CryptoJack said.

Should the price breakout from the neckline at $9.33, the token’s price could see an increase to $11.32. This suggests an over 22% surge from APT’s current position.

Read more: Aptos (APT) Price Prediction 2024/2025/2030

If the breakout does not materialize, APT might find support at approximately $8.72.