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Aptos Records 116 Million Daily Transactions Due to Tap-to-Earn Game Hype

2 mins
Updated by Harsh Notariya
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In Brief

  • Aptos hit 116 million transactions on May 25, driven by tap-to-earn game Tapos Cat.
  • Tapos Cat, with 10 million transactions on launch day, eliminated gas fees for 72 hours.
  • Aptos token could surge 22% if it breaks $9.33 resistance, analysis suggests.
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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

Comparison of Layer-1 Protocols Daily Transactions
Comparison of Layer-1 Protocols Daily Transactions. Source: Artemis

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

Aptos (APT) Price Performance
Aptos (APT) Price Performance. Source: TradingView

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

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Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...