{"id":306014,"date":"2023-04-17T09:00:34","date_gmt":"2023-04-17T03:30:34","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=306014"},"modified":"2023-04-16T19:22:11","modified_gmt":"2023-04-16T13:52:11","slug":"aptos-apt-as-code-commits-spur-blockchain-development-cto-weighs-in","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/aptos-apt-as-code-commits-spur-blockchain-development-cto-weighs-in\/","title":{"rendered":"Aptos [APT]: As code commits spur blockchain development, CTO weighs in"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">&#8211; <\/span><i><span style=\"font-weight: 400;\">Aptos\u2019 market cap remained dominant over Algorand despite a dip in development activity.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">&#8211; The project\u2019s Chief Technology officer said innovation would roll out monthly.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Aptos [APT]<\/span><span style=\"font-weight: 400;\"> core developers have been at the forefront of making the network seamless for users with a series of upgrades. During the week, precisely on 11 April, the blockchain, whose aim is to become the fastest and most scalable L1 protocol, <\/span><a href=\"http:\/\/ambcrypto.com\/aptos-defi-gets-bolstered-by-new-entrant-can-apt-mirror-this-surge\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced an improvement<\/span><\/a><span style=\"font-weight: 400;\"> in gas usage.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">APT\u2019s market cap in ALGO\u2019s terms<\/span><\/a><\/p>\n<hr \/>\n<h3><b>The regular boat is to save the drop<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Following the development, <\/span><a href=\"https:\/\/tokenterminal.com\/terminal\/projects\/aptos\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">code commits<\/span><\/a><span style=\"font-weight: 400;\"> on the Aptos blockchain significantly increased. As of 13 April, the commits rose as high as 33, according to Token Terminal. Code commits reveal the contributions of developers to a particular project. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, at press time, the contributory activity decreased to 12.7.<\/span><\/p>\n<figure id=\"attachment_306021\" aria-describedby=\"caption-attachment-306021\" style=\"width: 1583px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40.png\"><img decoding=\"async\" class=\"size-full wp-image-306021\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40.png\" alt=\"Aptos core developers, and code commits\" width=\"1583\" height=\"569\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40.png 1583w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40-300x108.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40-1024x368.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40-768x276.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-12.40.40-1536x552.png 1536w\" sizes=\"(max-width: 1583px) 100vw, 1583px\" \/><\/a><figcaption id=\"caption-attachment-306021\" class=\"wp-caption-text\">Source: Token Terminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This implies that the public GitHub repositories for Aptos have taken a backseat. But Avery Ching, Chief Technology Officer (CTO) of the project, had other opinions about the occurrences in the Aptos ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking to AMBCrypto, the CTO noted that Aptos was performing excellently with the upgrade it has made. He also mentioned that Aptos was <\/span><a href=\"http:\/\/ambcrypto.com\/aptos-decoding-why-did-the-blockchain-see-surge-in-stablecoin-inflow\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">solving<\/span><\/a><span style=\"font-weight: 400;\"> a lot of problems older blockchains faced, and intends to do so monthly. Due to this, Ching said that major changes would be shipped to the Mainnet. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He said,\u00a0<\/span><\/p>\n<blockquote><p>\u201cIt takes existing networks years to deploy significant changes to Mainnet; the Aptos community is now rapidly shipping major changes to Mainnet almost every month.\u201d<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The CTO also did not fail to comment on the gas efficiency, which would improve data storage and produce more savings per user transaction. He opined that the project\u2019s core developers were committed to \u201creading transaction fees in response to the needs of builders.\u201d<\/span><\/p>\n<h3><b>Developers will be engaged with execution<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">On 8 April, Pyth Network applauded the dedication of Aptos\u2019 developers. The smart contract data provider tweeted that the upgrade has a positive effect on its own network.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The devs did something \ud83d\udd25<\/p>\n<p>Thanks to new gas optimizations, it\u2019s now 85x cheaper to be <a href=\"https:\/\/twitter.com\/hashtag\/PoweredByPyth?src=hash&amp;ref_src=twsrc%5Etfw\">#PoweredByPyth<\/a> on <a href=\"https:\/\/twitter.com\/Aptos_Network?ref_src=twsrc%5Etfw\">@Aptos_Network<\/a> \ud83d\udd2e<\/p>\n<p>That\u2019s 200+ price feeds readily available for just a couple of cents! <a href=\"https:\/\/t.co\/I4YK4rnKUO\">https:\/\/t.co\/I4YK4rnKUO<\/a><\/p>\n<p>&mdash; Pyth Network \ud83d\udd2e (@PythNetwork) <a href=\"https:\/\/twitter.com\/PythNetwork\/status\/1644714003141210114?ref_src=twsrc%5Etfw\">April 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, when compared to other L1s like <\/span><span style=\"font-weight: 400;\">Cosmos [ATOM]<\/span><span style=\"font-weight: 400;\">, and <\/span><span style=\"font-weight: 400;\">Algorand [ALGO]<\/span><span style=\"font-weight: 400;\">, Aptos fared relatively well per <\/span><a href=\"https:\/\/tokenterminal.com\/terminal\/metrics\/market-cap-circulating\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">market capitalization<\/span><\/a><span style=\"font-weight: 400;\">. The market cap explains the growing popularity of a project as the asset price and the circulating supply determine the value.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 APTs worth today<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">At the time of writing, the Aptos market cap rose to $2.4 billion. It was able to override Algorand in this regard but lagged behind Cosmos. This means that the blockchain, built with the Move programming language, <\/span><a href=\"http:\/\/ambcrypto.com\/aptos-joins-list-of-top-most-tweeted-about-cryptocurrency-project-heres-how\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">received more attention<\/span><\/a><span style=\"font-weight: 400;\"> than Algorand.<\/span><\/p>\n<figure id=\"attachment_306020\" aria-describedby=\"caption-attachment-306020\" style=\"width: 1553px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40.png\"><img decoding=\"async\" class=\"size-full wp-image-306020\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40.png\" alt=\"Aptos market cap\" width=\"1553\" height=\"620\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40.png 1553w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40-300x120.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40-1024x409.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40-768x307.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-16-at-13.00.40-1536x613.png 1536w\" sizes=\"(max-width: 1553px) 100vw, 1553px\" \/><\/a><figcaption id=\"caption-attachment-306020\" class=\"wp-caption-text\">Source: Token Terminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Ching made further comments on what to expect from Aptos in the coming months. He hinted that the blockchain would be crucial to advancements in the web3 sector. He also reiterated that the Move functionality would be key to the monthly Mainnet changes. He mentioned:<\/span><\/p>\n<blockquote><p>\u201cApplication developers and core developers are working very closely to take advantage of the new developer primitives, fast finality times and leading throughput to build new experiences.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Aptos wants to solve the challenges faced by DeFi traders, NFT collectors, and dApp developers. Hence, it has been engaging in numerous upgrades.<\/p>\n","protected":false},"author":72,"featured_media":306043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-306014","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aptos [APT]: As code commits spur blockchain development, CTO weighs in - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Aptos [APT] core developers have been at the forefront of making the network seamless for users with a series of upgrades. 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