Emergent data from the onchain universe has unveiled a remarkable feat: an altcoin has recently eclipsed two significant benchmarks, outstripping its nearest competitor.
According to onchain analytics, this altcoin has set a new pinnacle in daily transaction volumes executed by its user base.
onchain Shatters Dual Records
Aptoscan, the Aptos (APT) network’s block explorer, witnessed an unprecedented surge with 97.48 million transactions in a single day on May 24. This monumental achievement dethroned the previous record held by another layer-1 blockchain, Sui, which peaked at 65 million transactions.
Moreover, Aptos users achieved a TPS (transactions per second) value of 27,000, marking another record-breaking milestone.
Speculation suggests that these records were catalyzed by the launch of a game on the Aptos network.
With a market valuation hovering around $4 billion, Aptos ranks as the 26th largest blockchain globally at the time of this writing. In tandem with the broader market rally and the endorsement of Ethereum Spot ETFs, Aptos has appreciated approximately 11% this week. This ascent positions APT among the top-performing altcoins of the week.
Aptos, which finds listings on major cryptocurrency exchanges such as Binance, Coinbase, and Upbit, currently trades well below its all-time high of $19.90, a zenith reached in January of the previous year.