Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat”

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Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat” Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat” Liam ‘Akiba’ Wright · 5 hours ago · 2 min read

Founding Engineer of Aptos, Josh Lind, has presented a full breakdown of network highlights for the launch of the Aptos Blockchain stating “We’re excited for more users to take advantage of Aptos”

2 min read

Updated: October 22, 2022 at 12:40 pm

Aptos engineer – first 24 hours blockchain performance indicates chain “isn’t even breaking a sweat”

Cover art/illustration via CryptoSlate

Xeggex

Following the recent launch of the Aptos Blockchain, there has been a lot said of the nose dive performed by the native APTOS token. The token fell to a low of $6.75 from a high of $13.73, according to CoinGecko data. However, the founding engineer of Aptos, Josh Lind, also gave his thoughts on the chain’s overall performance in its first 24 hours.

aptos
Aptos trading chart

Aptos launch statistics

Lind presented a multi-thread breakdown of statistics related to the first 24 hours of the Aptos Blockchain. The data presented indicated that “the blockchain is running smoothly. The system isn’t even breaking a sweat,” according to Lind.

Other key highlights included:

  • There were 2.5 million transactions
  • Over 570,000 daily active users
  • Transaction finality was 0.9 seconds
  • 102 validators, 140 full validator nodes, and 2,000+ full public nodes

Lind summarized his analysis by stating that he is “looking forward to more application and user traffic” as the network “components are showing signs of stress.”

9/ Building fast, scalable, safe and decentralized systems is hard. Really hard. While @AptosFoundation has a long journey ahead (just like Web3), it’s amazing to see the blockchain provide low-latency and high-throughput. We’re excited for more users to take advantage of Aptos.

— Josh Lind (@aptos_ape) October 21, 2022

PancakeSwap to deploy on Aptos

The performance of the network has not gone unnoticed by other blockchain projects. PancakeSwap, the leading DEX on the Binance BNB Chain, has issued a proposal to launch its DEX tools on Aptos. The proposed update would allow CAKE to be deployed natively to the Aptos Blockchain by utilizing bridges to enable CAKE holders “participate on both chains.”

As of October 22, the vote is 97.62% in favor of the proposal with less than 24 hours remaining. The first multi-chain proposal for PancakeSwap is, therefore, likely to pass over the weekend. Accepting the bid will allow the PancakeSwap team to begin deploying on  Aptos and opening up swaps on the new chain.

The overall reception to the Aptos launch

Additional web3 projects have also shown their support for the Aptos Blockchain. Fox Wallet announced it would support the Aptos Mainnet while issuing a competition to receive an APT airdrop. Aptos Foundation also announced several other partnerships, including Momentum Safe, Souffle3, Pyth, Hippo, and others.

Along with support from DEXs and wallets, Aptos has seen an influx of NFT creators launching projects on the chain within the first day. Further, countless projects also appeared to take advantage of the APT airdrops by offering various competitions with prizes issued in APT tokens.

TokenPocket published an overview of the Aptos ecosystem in its current state to show the scale of development in the early days of the blockchain.

aptos ecosystem
Source: TokenPocket

Read the entire thread.

Lind’s thread can be fully broken down on his Twitter account.

1/ Seven interesting observations about the last 24 hours on the Aptos Blockchain. An engineering perspective. Thread below 🧵

— Josh Lind (@aptos_ape) October 21, 2022

Lind also made a further update on October 22, stating that he was delighted to see throughout spikes on the chain reaching up to 850 transactions per second.

It’s great to see throughput spikes on the Aptos blockchain (>500 txn/s). @Aptomingos, I’m looking at you 👀 pic.twitter.com/vfcPX6Ne6c

— Josh Lind (@aptos_ape) October 22, 2022

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