Aptos (APT) is a scalable Layer 1 blockchain using Move language, offering fast transactions, modular upgrades, and a growing ecosystem of Web3 projects.

Aptos has emerged as a standout in the blockchain space, raising 

 from such venture capitalists as Andreessen Horowitz (a16z), Coinbase Ventures, Apollo, Circle Ventures and Franklin Templeton to build its dream project promising a flexible and upgradeable blockchain structure. It lived up to its promises, with a successful mainnet launch on Oct 12, 2022. 

Two years later, Aptos has surpassed $1 billion in 

 (TVL), an impressive feat showcasing its ability to achieve real-world adoption as it attracts millions of users worldwide.

, giving users improved scalability, reliability, security and usability.

The Aptos genesis occurred on October 12, 2022, with Aptos blockchain's mainnet "Aptos Autumn" launched on October 17, 2022. Aptos is a Layer 1 blockchain built with a Rust-based programming language called Move. Its key features include a parallel execution engine, high-level security features and low transaction costs.

The Aptos blockchain is generating all this hype because of its intriguing past. The blockchain is based on the Diem blockchain initiative (from Meta) that was recently abandoned. Created by Diem developers, the Aptos crypto uses the programming language originally created for Diem. Its focus is on Diem's original goal of creating a scalable, fast blockchain. 

Aptos’s flexible architecture means it can be constantly upgraded to support emerging new use cases as the 

 world becomes increasingly sophisticated. Currently, Aptos is capable of supporting 

 (AI) on its blockchain. Its myriad use cases have drawn over 8 million users worldwide.

The Aptos network was created by Aptos Labs, while the Aptos Foundation focuses on nurturing the ecosystem through grants, education initiatives, events and partnerships.

Aptos Labs is the team behind the Aptos project. They currently lead a diverse team of developers, engineers and strategists headed by co-founders Mo Shaikh and Avery Ching.

Shaikh and Ching met when they worked together on the Diem blockchain project at Meta. Shaikh specializes in scaling products, and has experience in the private equity and venture capital markets. Meanwhile, Ching was one of the principal software engineers at Meta and has led many exciting and innovative development projects in the past. When Meta chose to discontinue the Diem project, Shaikh and Ching decided to join together to create Aptos Labs.

. Besides the Aptos blockchain, Aptos Labs has a range of products that cater to bridging the gap between Web 2.0 and web3. These include 

, a user-friendly web3 wallet that offers seamless access to 

, a name service that allows users to convert their lengthy and complex 

, a dedicated Aptos AI chatbot developed with OpenAI technology.

, whereby token holders stake tokens to their selected validators to help maintain the network. Aptos can theoretically reach 160,000 

 (TPS) while maintaining security and reliability. The following revolutionary concepts are at work behind Aptos's impressive performance.

 creates an engine that efficiently handles 

. The Aptos blockchain engine relies on parallel execution to handle multiple transactions at once. This makes things a lot quicker because a single failed transaction won't halt the whole chain. Instead, transactions can be processed concurrently, and all of them are validated post-execution. To further improve efficiency, a collaborative scheduler works to prioritize certain transactions on the Aptos blockchain and handle essential validations efficiently. Ultimately, up to 160,000 transactions per second (TPS) may be processed simultaneously.

One of the things that makes Aptos’s network so appealing is 

 for swift, secure transactions that was first designed for the Diem blockchain. Move is a type of executable bytecode language that’s used to 

implement smart contracts and custom transactions

. It uses Move modules, which are grouped in upgradeable packages, to define the state of transactions. 

It’s flexible enough to handle the unique needs of Aptos developers, and its global storage is more secure than the average programming language. Move lets users define custom resources that can’t be copied or discarded, making it much more difficult for malicious entities to control the Aptos blockchain. 

Aptos has also made multiple improvements to the Move ecosystem to further enhance its security, such as the 

, a formal verifier for Move smart contracts which boosts protection for contract invariants.

Aptos employs a modular data model, in which a ledger state records the interaction of transactions and accounts. Accounts are representations of users’ control over their assets, from on-chain currency to NFTs, and must be created before they can execute transactions. Transactions submitted by any user modify the ledger state and trigger events coded via Move modules. These events, uniquely identified by keys, are then stored as data within the ledger. This design also ensures flexibility and user privacy, as it supports flexible key management and hybrid custodial options, and allows users to create multiple pseudonymous accounts via cryptographic key pairs.

Byzantine Fault Tolerance (BFT) Consensus Protocol

Instead of using a consensus protocol that has to follow the order of transactions, Aptos decouples the two processes and lets them run parallel to each other. This reduces latency (the time it takes to confirm network transactions) while increasing speed. To ensure accuracy, Aptos has created a Byzantine fault tolerance (BFT) engine that analyzes individual states on-chain and then automatically updates validators as needed.

The Aptos ecosystem is robust, with over 190 projects in the realms of DeFi, GameFi, NFTs, social media, education, AI, infrastructure and more.

. Once an APT holder stakes their APT tokens to a validator node, they’re eligible to vote for various protocol changes, such as blockchain upgrades and changes to blockchain parameters. There was 

 of 1 billion APT tokens, distributed as follows:

 isn’t merely used for governance, as APT token holders can also stake their tokens to a validator to help secure the network while earning rewards, which can be received at 

There’s a minimum stake of 1 million APT and a maximum of 50 million APT, with the staked tokens automatically locked for a fixed duration. The maximum annual reward rate, evaluated at every epoch, began at 7% in 2022, with an annual decline rate of 1.5% (until it eventually reaches 3.25%, which Aptos estimates will take over 50 years). 

To further facilitate decentralization, Aptos also started offering delegated staking for users from April 2023. Delegated staking features a low minimum staking requirement whereby users with as little as 11 APT can collectively stake in a trusted validator node. This move encourages more active participation, allowing more users to stake and earn rewards while helping to sustain a stable and efficient network. 

Staking rewards raise the total supply, making APT an 

 token. However, the rewards mechanism may be modified via on-chain governance.

Aptos is available on Bybit’s Spot market as a swap pair with USDT (

As of Nov 19, 2024, APT’S price is $11.68, which is 41.4% lower than its ATH of $19.92 on Jan 26, 2023 and 279.2% higher than its ATL of $3.08 on Dec 29, 2022. 

Price prediction experts generally have a positive outlook on the APT token. Changelly, while 

 a slight dip to $9.85 in 2025, anticipates APT will exceed $100 by 2030 and hit an astonishing average of $4,727 in 2040. CoinCodex is more conservative in its predictions, 

 APT will trade at an average rate of $31.22 in 2025 and $37.05 in 2030. 

There are several factors working together to make Aptos crypto seem like a great opportunity. First of all, the venture is a continuation of a Meta-founded project that was already getting positive results before it was canceled. Furthermore, the developers working on it are experienced, highly-trained people who've worked on exciting projects in the past.

Aptos’s innovative technology has captured the interest of many venture capitalists, making it one of the top-funded blockchain projects at a total of $350 million (split into two rounds). 

Aptos accepted its first big set of investments in March 2022. Several large venture capital groups, including a16z Crypto, Multicoin Capital, Hashed, Tiger Global, Three Arrows Capital, FTX Ventures and Coinbase Ventures contributed a total of $200 million. Aptos then went on to receive another $150 million in June from FTX Ventures and Jump Crypto. Previous investors, such as a16z crypto and Multicoin Capital, have contributed to multiple rounds of funding.

Thanks to its unique architecture, which separates consensus from execution, and its use of Move as a programming language for added security, Aptos certainly stands out from the crowd of Layer 1 projects. 

In a mere two years, Aptos has achieved a TVL of over $1 billion and attracted over 190 projects, including top DeFi platforms like PancakeSwap, Ondo Finance (the biggest stablecoin by market cap) and USDT.

Aptos has also secured partnerships with industry giants and global asset management leaders, such as BlackRock and Franklin Templeton, and entertainment titan NBCUniversal, further contributing to its credibility as one of the top Layer 1 blockchains.

All of these factors point to a bright future ahead for Aptos. Nevertheless, the crypto market is inherently volatile. As with any other cryptocurrency, before buying APT, please make sure you do 

Aptos, often dubbed the “Solana killer,” possesses plenty of features that help it stand out among other Layer 1 chains — including a highly active community, strong partnerships, and access to unique engines and programming languages. 

One of the Aptos blockchain's main competitors is 

, which is currently the hottest high-performance Layer 1 available. 

Theoretically, Solana can support up to 65,000 TPS, while Aptos is capable of supporting 160,000. While the actual performance of both blockchains falls far below their theoretical speeds, they’re still considered high-speed blockchains, with Solana 

. Apart from their fast speeds, both Aptos and Solana also appeal to many users due to their meager transaction costs, which average around $0.0001 per transaction. 

, having had notable outages and downgrades. Meanwhile, the Aptos blockchain adds redundancy to its network, rendering it less prone to failure. Each block in Aptos is synced with leader nodes and nearby nodes. In case the leader node fails, one of the other nodes can take over. This results in slightly more computational requirements, so Aptos' hardware needs are a little larger than Solana's. Ultimately, Aptos offers more reliability than Solana in exchange for slightly higher hardware requirements.

 use Move programming language, though Sui’s version is modified into an object-centric model, unlike Aptos’s account-centric model. 

Additionally, Aptos records its ledger on a blockchain, whereas Sui stores and organizes its data in a 

Both Aptos and Sui are built to be scalable, with Aptos presenting a high throughput of 160,000 TPS in its testnet days and Sui’s test throughput achieving 120,000. When both networks are launched on the mainnet, however, their maximum throughputs over the past 30 days have fallen to 

While the two networks’ scalability allows for varied use cases, Sui’s focus is on NFT games, with a recent expansion into DeFi. In contrast, Aptos is built to be more general purpose, encompassing a diverse range of applications from DeFi, GameFi and NFTs to social media, entertainment and even AI.

The Aptos blockchain has already managed to outperform 

 in terms of speed. While Ethereum's time to finality is over a minute, Aptos can finalize transactions in less than a second, due to both hardware and design differences. Ethereum only has one CPU core, while Aptos operates on 16.

However, Ethereum’s reliability is undeniably superior. While Aptos doesn't have many problems with outages, it can't compare to Ethereum's stability: Its performance is almost impossible to disrupt. As long as users are fine with paying more fees and waiting longer times, Ethereum still remains the more popular choice.

The Aptos project promises to increase blockchain scalability and reliability. 

Indeed, thanks to its innovative technology, Aptos has proven its credibility in just two short years, drawing over 190 projects to join its ecosystem and enabling it to scale rapidly and evolve to match market demand. 

While it remains to be seen whether Aptos will really be a “Solana killer,” its network is rapidly catching up to Solana’s popularity, as evidenced by its growing ecosystem and partnerships with industry leaders. 

The addition of the world’s largest stablecoin, USDT, to the Aptos blockchain further cements its position as the top blockchain of choice for users and developers seeking a scalable, secure and user-friendly platform. 

With its focus on modularity and upgradeability, Aptos continues to attract significant attention from the web3 community, revealing itself to be a formidable player in the race for blockchain dominance.

Intermediate

aptos.png

What Is Aptos (APT): A Scalable Modular Layer 1 for Seamless Upgrades

Ethena Foundation has approved the activation of its fee switch, enabling revenue sharing with ENA token holders by the end of the month.

Daily Top Performer — Hedera Hashgraph (HBAR)

The S&P 500 rose 0.39%, rebounding from recent declines, driven by optimism about potential future rate cuts and expectations of a business-friendly administration. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.73%, with Bitcoin and Ethereum rising by 2.16% and 2.81%, respectively in the past 24 hours.

Today's top performer is HBAR, which surged 44.6% following the expansion of Hedera's governance and its advancements in AI data transparency.

Hedera Hashgraph (HBAR), launched on September 2019, is a cryptocurrency network that supports fast transactions and application deployment, overseen by a select group of business-approved nodes. This design ensures quick finality and reliability, attracting major corporations like LG, IBM, and Boeing as participants. Hedera's Governing Council has 

 to 32 members as the platform introduces new features and diverse use cases, such as using immutable records to enhance trust in AI data. The focus remains on transparency, security, and innovation for a promising future.

Check Out the Latest Prices, Charts, and Data of 

, enabling revenue sharing with ENA token holders by the end of the month. This move follows a governance vote and has already led to a significant increase in the ENA token's value. Ethena, which has achieved record-high revenues recently, generates income through various yield strategies. As one of the largest DeFi protocols by TVL, Ethena's fee switch could set a significant precedent for revenue sharing in the DeFi space.

Yesterday, BTC Spot ETF flows reached $165.5M, consisting of $5.8M from GBTC and $159.7M from non-GBTC sources.

 to drive onchain growth and reward users for trading NFTs and tokens across chains. With a total supply of 1 billion, over half will be allocated to the community through rewards, staking, and ecosystem development, with an initial 12.5% claim available at the Token Generation Event (TGE). The $ME token will power governance, staking, and user incentives across Bitcoin, Solana, and EVM ecosystems, supporting Magic Eden's goal of creating a universal onchain trading platform. The ME Foundation, a non-profit, will oversee the $ME ecosystem, ensuring security and alignment with community interests while cautioning users to beware of scams ahead of TGE.

Beginner

4.png

Ethena Foundation Approves Fee Switch for Revenue Sharing with ENA Holders

In this tutorial, we’ll explore how you can complete a series of tasks in Derive for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Derive tasks for Bybit Web3 Airdrop Arcade. 

Task: Trade More Than $10 USD on Perps/Options, or Deposit More Than $10 Into Vaults

 and connect your Bybit Wallet by clicking on the 

button at the top right corner of the page. 

you want to deposit. Then, indicate the amount. Derive allows you to use stablecoins, such as USDC and USDT, or tokens, such as ETH, wstETH and WBTC, as collateral. Please note that deposits take between five to 10 minutes to complete.

to transfer your tokens into a trading account. This will allow you to trade with margin. 

: Trade at least $10 worth of perpetuals or options. 

 page and connect your Bybit Wallet by clicking on the 

button at the top right corner of the page.

: Select a vault based on your preferred collateral, market outlook and risk tolerance. Vaults automatically execute yield-generating options strategies on your deposited tokens.

. Please note that deposits take between 10 to 20 minutes to complete.

derive tutorial.png

How to Complete Derive Tasks for Bybit Web3 Airdrop Arcade

In this tutorial, we’ll explore how you can complete a series of tasks in KiloEx for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete KiloEx tasks for Bybit Web3 Airdrop Arcade. 

Task 1: Deposit at Least 10 USDT in the KiloEx Vault via opBNB

 in the navigation bar to enter the KiloEx Vault. 

: Enter at least 10 USDT as the amount you would like to deposit, and click on 

: Approve the transaction and confirm it. 

: Check your deposit status. Please note that as you’re not able to withdraw immediately, you’ll need to wait for 1–3 epochs.

: Once the above steps have been completed, you can click on the 

button to withdraw your deposited amount.

Task 2: Place a Position With at Least 10 USDT

: If your BNB or USDT is insufficient, you can follow the bridge tutorial 

: After bridging funds, choose your desired trading pair and place an order to 

: The minimum position value for this task is $10. To minimize your risk of 

, we suggest opening a position with 2x leverage and maintaining a margin of $5. In this example, we’ve used a minimum of 2x leverage to open a position and select 

: Confirm your order and your position will be created. 

kiloex tutorial.png

How to Complete KiloEx Tasks for Bybit Web3 Airdrop Arcade

Bybit Learn

Memes

Altcoins

Explainers

Peanut the Squirrel (PNUT) is a Solana-based meme coin that skyrocketed after a tragic story about Peanut, a pet squirrel, ignited social media outrage.  

EN_2409-T35020_Learn_Read_to_Earn_728x90.png

peanut_the_squirrel_1.png

peanut_the_squirrel_2.png

Skinny_Banner-1600x400.webp

 thrives on controversy, hype and social media–driven frenzy. An in-depth look at the history of the rise of 

 (DOGE) — the undisputed leader among meme coins — is enough to draw that conclusion. Over the past few months, several meme coins minted via platforms such as 

 have gone viral for either controversial or otherwise notable reasons. However, not many among even these viral coins have managed to rival the hype and stratospheric rise of Peanut the Squirrel (PNUT).

 (SOL) meme coin launched in early November 2024 via Pump.fun, PNUT has stolen the spotlight in the crypto market because of tragic events surrounding the pet that inspired the coin, the U.S. presidential election that resulted in a Donald Trump victory, and tweets on the topic from none other than the grand meme coin promoter, Elon Musk.

In 2017, Norwalk, Connecticut resident Mark Longo, on a visit to New York, found a squirrel whose mother was killed by a car. Mr. Longo rescued the orphaned animal and raised it for the following six years in his Connecticut home. Named Peanut, the squirrel became an Instagram celebrity when Mr. Longo started posting videos of it on the social media platform. By late 2024, Peanut had amassed an impressive Instagram fan base of over 500,000 followers.

In April 2023, Mr. Longo and his wife Daniela moved from Norwalk to upstate New York and created an animal sanctuary there. Naturally, their favorite pet, Peanut, also found residence at the Longos' new address.

Unfortunately for Peanut, the state of New York has strict laws that prohibit keeping wild animals in a residential setting. Along with their beloved pet squirrel, the Longos were also housing another animal, a raccoon named Fred, at their New York home. A number of complaints regarding the wild pets kept at their home were raised, and Mark Longo found himself the target of attention from the New York State Department of Environmental Conservation (NYSDEC).

Mr. Longo initially stated that he had released the animals into nature. However, Peanut's continual appearance in Instagram postings made it obvious that the squirrel was still at the Longos' residence. The DEC continued to pursue the case, and on Oct 30, 2024, the agency's officials — arriving as a formidable team of between six and eight officers — entered the Longos' home on the basis of a search warrant and seized both pets, Peanut and Fred.

As alleged by the DEC, Peanut bit one of the officers during the seizure of the animals. Fearing that the animals might carry rabies, both 

 on Nov 1, 2024. Following the euthanasia, tests carried out established that neither animal had had rabies.

The heavy-handed approach by the DEC, which sent a team of at least six officers to the property, and the subsequent euthanasia of the animals caused an outcry on social media. Many people, including political figures and celebrities, have commented that the government should be preoccupied with real issues facing the public instead of seizing pets from homes. Among the prominent figures that condemned the euthanasia of Peanut — which received much more attention than that of Fred, due to the squirrel’s Instagram celebrity status — were New York congressman Nick Langworthy and the world's richest person, Elon Musk.

The fact that the animals' tragic deaths occurred just days before the U.S. presidential elections politicized the issue, turning Peanut's story into a debate on freedoms and government overreach.

 creators to seize on the internet sensation caused by Peanut's fate. The day after the squirrel's death, Nov 2, 2024, Peanut the Squirrel (PNUT) meme coin was launched on the Solana blockchain via the popular meme coin generator Pump.fun.

Pump.fun's choice here isn't surprising. By late 2024, Pump.fun has emerged as the leading meme coin generator platform in the crypto world. The platform lets users easily and affordably launch Solana-based meme coin assets.

Since its introduction on Nov 2, 2024, PNUT has experienced an epic rise, growing by nearly 2,600% between its launch date and the time of this writing (Nov 14, 2024). The coin's initial price (when it was first listed on CoinGecko on November 2) was around $0.076. In the days before the Nov 5, 2024 presidential election, Elon Musk posted tweets lamenting the way Peanut was dealt with and turning the squirrel into a kind of political martyr and cause. One of the tweets, posted on November 3, read: "

It's possible that Musk was referring to the euthanized squirrel only, and not to the PNUT meme coin when using the "PNut" spelling. Whatever was on the mind of the wealthiest fan of meme coins, the utilized spelling acted as another boost for the virality of the PNUT crypto token.

However, the real catalyst to the skyrocketing price of PNUT was the announcement of the token's listing on Binance on Nov 11, 2024. The day before the announcement, PNUT was trading at slightly under $0.13. Following the news, PNUT's price began to catapult, hitting an all-time high of $2.44 on November 14, with a market cap of over $2 billion. However, typical of meme coins’ prices, its value slipped rather substantially the next day from its ATH, to $1.69 with a market cap of $1.69 billion.

Naturally, with the hype surrounding PNUT and its meteoric rise, many critics believe that the token is another 

 scheme. Whatever the case may be, PNUT continues to enjoy massive popularity among meme coin investors during its initial days on the market.

PNUT is already available on Bybit as a Perpetual futures contract based on USDT (

). Under the contract, you can trade PNUT with up to 50x leverage.

If you consider investing in the coin, it's also essential to 

 on it before buying as PNUT is a meme coin, and is currently driven by social media hype and political events surrounding the recently concluded U.S. elections. Thus, careful research on the coin's prospects is highly recommended.

As of Nov 18, 2024, PNUT is worth $1.69, 32.3% lower than its ATH price of $2.44 on Nov 14, 2024. The current price is over 5,200% higher than the coin's ATL of $0.03187, registered on Nov 4, a day before the U.S. elections. 

Although PNUT's drastic uptrend is currently ongoing, price trajectories for highly hyped meme coins can be extremely volatile. For this reason, major price prediction portals diverge in their assessment of PNUT’s long-term prospects. For instance, PricePrediction 

 to average $0.0946 in 2025 and $0.6165 in 2030. In contrast, CoinCodex is much more bullish on PNUT, 

 prices of $4.56 in 2025 and $6.62 in 2030.

A string of events in late October and early November 2024 transformed Peanut the Squirrel — unfortunately, posthumously — from a pet with an Instagram base into a political cause that injected significant debate into the U.S. presidential elections. In the finest traditions of internet culture, meme coin creators quickly leveraged the issue, creating and quickly hyping the PNUT coin. Just twelve days from its launch, PNUT is scaling heights that many other hyped meme coins could only dream of. The coin's stratospheric rise is an ongoing event, with its future developments difficult to predict.

For observers who believe that meme coins were starting to lose their earlier shine, Peanut the Squirrel now looks intent on proving them decisively wrong.

Peanut the Squirrel (PNUT): The Viral Meme Coin With a Heartfelt Story

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards