Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Aptos (APT) Blockchain Network Sees Significant Growth in Q4 2023: Messari Report – Defi Info
BLOCKCHAIN NEWS

Aptos (APT) Blockchain Network Sees Significant Growth in Q4 2023: Messari Report – Defi Info

By Crypto FlexsFebruary 16, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Aptos (APT) Blockchain Network Sees Significant Growth in Q4 2023: Messari Report – Defi Info
Share
Facebook Twitter LinkedIn Pinterest Email

Apartment (APT), ~ Layer-1 Blockchain networks have seen significant growth in key metrics during the fourth quarter of 2023 (Q4), following the overall recovery in the cryptocurrency market. Moreover, according to a recent survey, report With Messari, Aptos has experienced notable advancements in various aspects of its ecosystem.

Inflation and Genesis Supply Unlocked

APT’s market capitalization reached $2.9 billion, showing a remarkable quarter-on-quarter increase of 126%. This growth surpassed the growth of similar market capitalization projects, leading to an improvement in APT. market capitalization From 35th to 33rd (currently 30th).

Even though the price of APT did not rise as much as the market capitalization, it recorded a solid increase of 75% compared to the previous quarter.

Revenue generated by Aptos, represented by fees collected through the protocol, also continued to grow in the fourth quarter after recovering from the lowest point in the second quarter. Quarterly revenue as expressed in APT increased 10% QoQ to exceed 46,000.

With gratitude APT price, USD-based sales increased 30% QoQ, totaling $345,000. Especially at the end of December, daily profits surged due to the ‘inscription craze’.

Aptos has also implemented an inflation model for APT, which starts at an annual rate of 7% and gradually decreases by 1.5% per year until it reaches 3.5%. By mid-October, the inflation rate had fallen below 6.9% based on an initial total supply of 1 billion APT.

Additionally, APT is facing inflationary pressures due to the unlocking of the Genesis supply, which includes 1 billion APT tokens initially allocated.

By the end of the fourth quarter, more than 23% of Genesis supply had been distributed, an increase of 30% compared to the previous quarter.

An additional 7.5% of Genesis supply will be unlocked in Q1 2024, with 48% allocated to core contributors and 34% to individual investors. This unlock is expected to result in the release of $574 million worth of APT tokens, equivalent to 20% of the quarter. circulating supply.

$574 million worth of ATP is scheduled to be unlocked in the first quarter of 2024. Source: Messari

Additionally, while these tokens may not be distributed immediately, $91 million worth of APT will be unlocked into the ecosystem category. It is important to note that prior to distribution, 80% of these tokens will be held by the Foundation and 20% by Aptos Labs.

These tokens are for grants, incentives and other initiatives. So far, just over 20 million APTs have been airdropped from this allocation.

Aptos Deep in Network Activity

Network activity on the Aptos blockchain, measured by transactions and active addresses, decreased slightly in the fourth quarter but remained high compared to the first half of 2023. Average daily transactions decreased sequentially by 1% to 483,000, while average daily active addresses decreased to 483,000. 60,000, a 31% decrease from the previous quarter.

According to the report, soaring network activity The third quarter was primarily driven by Aptos’ integration with social media platforms Chingari and Oracle Pyth. Two notable events contributed to increased network usage in the fourth quarter. The Graffio collaborative art creation event in mid-October and the epitaph in late December.

However, the number of new addresses created per day decreased by 33% in the fourth quarter, following a 419% increase in the third quarter. The weighted average one-month retention rate also decreased by 41% compared to the previous quarter to 5%, recording the lowest rate since December 2022 for the October and November 2023 cohort.

Looking ahead, Aptos explained: Key priorities Q1 2024 will include further strengthening the stability and scalability of the network, expanding partnerships and integrations, and implementing new features and improvements based on community feedback.

Additionally, the upcoming unlocking of the Genesis supply and subsequent distribution of APT tokens will be an important event to monitor as it could impact token prices and overall market dynamics.

apartment
The 1-day chart shows ATP price adjustments over the last 24 hours. Source: APTUSD on TradingView.com

APT is currently trading at $9.82, which corresponds to a price adjustment of 5.9% in the last 24 hours.

Featured image from Shutterstock, chart from TradingView.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025
Add A Comment

Comments are closed.

Recent Posts

The August password hacking was $ 163 million as the risk of Exchange increased.

September 7, 2025

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The August password hacking was $ 163 million as the risk of Exchange increased.

September 7, 2025

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025
Most Popular

Polygon’s POL (MATIC) Surpasses the Market with 18% Surge on Binance Migration

September 14, 2024

Avarik Labs launches Red Covenant, a strategic mobile RPG with blockchain integration.

February 17, 2025

Interactive Brokers 18% Earnings Surge in Q4 2023 Shines Brightly

January 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.