Aptos Token Nose-Dives After Mainnet Launch, Here's Why

All about Aptos layer-1 blockchain network

After 4 years of hard work, Aptos launched its mainnet to make transactions faster and more secure.

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Aptos' blockchain uses a programming language called Move which is natively integrated for secure asset management and fast and secure trade execution.

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Its core design principle is to focus on the developer and user experience and prioritise an easy and friendly experience for everyone.

Aptos claims 130,000 transactions per second (TPS). However, engineers report that it is nowhere near or even close to the Bitcoin network.

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Also, some community members have pointed out that the TPS claimed on the mainnet is far below expectations.

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After the launch, according to coingecko, APT price is down -42.7% in the last 24 hours.

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At the time of writing, Aptos price is $7.92 with a 24-hour trading volume of $582,664,739.

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