May 24, 2024

According to data from VanEck, Aptos' APT token dropped 52% in value after an auspicious March where it surged 44%.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The next notable laggard for April was Aptos. The asset manager said in its crypto monthly recap for April that Aptos lost 52% after a very auspicious March when it increased 44%. It added that Aptos lost the most on chain revenue month to month of any chain outside of Ethereum. Aptos is a successor to the Facebook DM project and its Blockchain optimized Rust based move language. The report notes that developers claim that using move has increased development time by as much as 80%. Aptos has also raised more than $350 million. Bic analysts say that despite its high potential, the Blockchain has not been able to achieve meaningful adoption. It is second last in terms of fee revenue averaging around 3500 per day that said it had a healthy amount of daily active users around 100 and 15,000 in April. That's a wrap for today's chart of the day. I'm Jen Si. We'll see you next time to unpack more of the data behind top news stories.

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