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

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.