Aptos vs Polygon – Here’s where the race currently stands:

• Aptos beat Polygon and Sui by a significant margin in terms of trading activity.
• APT and MATIC prices soared and social volume also increased.

Aptos (APT) was one of the few networks during the bull market that did not receive as much attention as the memecoin sector or the major blue chip cryptocurrencies.

Transactions are increasing.

However, Aptos has recently seen a surge in activity, overtaking Sui Network for the second-most daily transactions processed in the past 24 hours. Aptos saw over 16.4 million transactions, a significant portion of which were driven by the Tapos Cat game. This clicker game allows users to fund their Tapos wallet with APT, the cryptocurrency on the Aptos blockchain, and earn HEART rewards by “tickle” a virtual cat.

With over 86 million transactions and over 50,000 accounts created to date, Tapos Cat is emerging as a popular choice for users, as is Sui Network’s SPAM SUI.

Source: X

Due to the surge in activity on the Aptos network, the protocol has outperformed major cryptocurrency networks such as Polygon.

If this trend continues and Aptos’ activity continues to surge, other networks, such as Polygon, may also siphon addresses.

Source: Artemis

However, it’s important to remember that this surge may not translate into long-term dominance for Aptos. Maintaining momentum requires continued innovation and widespread adoption. Additionally, Polygon has a strong user base, established DeFi applications, and a well-developed network, making it a tough contender to dethrone.

In every area except activity, Aptos lagged behind Polygon. Polygon maintained its lead in terms of Decentralized Exchange (DEX) trading volume. There was also a huge gap in terms of Total Value Locked (TVL) of the networks.

Aptos will need to show significant growth in both of these areas if it wants to catch up to Polygon.

Source: Artemis

Looking at the price

As far as price action is concerned, both APT and MATIC had a good week.

Over the past seven days, APT is up 4.7% while MATIC is up 2.1%. In terms of social media popularity, APT lagged behind MATIC by a wide margin.

AMBCrypto’s analysis of Santiment data shows a significant increase in the social scale of MATIC compared to APT.

Read Aptos (APT) Price Prediction for 2024-25

Source: Santiment