Aptos, a new Layer 1 blockchain established by former Meta employees who worked on its Diem platform, is not living up to its expectations according to on-chain data from its first day of transactions.
On-chain data from Aptos’ block explorer shows that the protocol is currently processing four transactions per second. During the development process, the Aptos team said that its parallel execution engine was capable of processing 160,000 transactions per second (far above speed demon Solana’s advertised 65,000 per second).
The vast majority of these, as crypto Twitter personality Paradigm Engineer #420 pointed out, are not actual transactions from users but rather maintenance messages from validators writing metadata to the blockchain.
Aptos is broken.
Aptos launched today - October 17, 2022 at 14:22:40
However, Aptos is currently has a lower tps than Bitcoin and a majority of tokens are either staked or ready to be dumped on retail investors.
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— Paradigm...
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