“Solana Killer” Aptos (APT) gets chance to prove its nickname
The unexpected collapse of FTX has led to the downfall of a blockchain that had close capital ties with the infamous exchange. This, of course, is about Solana and who, among the Layer 1 projects that have not yet fulfilled their role in life, will take the vacant place. One such project is Aptos (APT), which launched on the mainnet just three weeks ago.
As a descendant of the big tech world, namely Meta/Facebook, Aptos has great potential for development and partnerships with similar companies. As an example, a recent partnership with Google Cloud has already taken place at Aptos, funnily enough, a few weeks after similar news related to Solana.
According to CryptoRank, the list of funds investing in Aptos includes Binance Labs, Multicoin Capital and Circle. However, FTX Ventures and Jump Crypto are also featured there.
Aptos (APT) price action
Aptos remains a “young” blockchain, as its metrics eloquently demonstrate. In terms of price, however, APT, Aptos’ native token, seems more poised for imminent advances.
At the current APT price of $4, the project has a market capitalization of just over $500 million, made possible by the extremely limited supply of 13% of existing APTs. Thanks to this factor, APT was spared much of the fall as a result of the FTX collapse, even though its partners were involved in the project’s capital formation.
