Aptos [APT]: When code commits to spur blockchain development, CTO weighs in
– Aptos’ market value remained dominant over Algorand despite a slowdown in development activity.
– The project’s technology manager said that innovation will roll out monthly.
Aptos [APT] core developers have been at the forefront of making the network seamless for users with a series of upgrades. During the week, precisely on April 11, the blockchain, whose goal is to become the fastest and most scalable L1 protocol, announced an improvement in gas use.
Realistic or not, here it is APT’s market value in ALGO terms
The normal boat must save slips
After the development, code obliges on the Aptos blockchain increased significantly. As of April 13, commitments rose as high as 33, according to Token Terminal. Code commits reveal the contributions of developers to a particular project.
At press time, however, contribution activity fell to 12.7.
Source: Token Terminal
This means that the public GitHub repositories for Aptos have taken a back seat. But Avery Ching, Chief Technology Officer (CTO) of the project, had other opinions about the deposits in the Aptos ecosystem.
Speaking to AMBCrypto, the CTO noted that Aptos performed excellently with the upgrade it has made. He also mentioned that Aptos was solve many problems older blockchains faced, and intend to do so monthly. Because of this, Ching said that major changes would be pushed to the Mainnet.
He said,
“It takes existing networks years to implement significant changes to the Mainnet; the Aptos community is now rapidly pushing major changes to the Mainnet almost every month.”
The CTO also did not fail to comment on gas efficiency, which would improve data storage and provide more savings per user transaction. He believed that the project’s core developers were committed to “reading transaction fees in response to the needs of builders.”
Developers will be engaged with execution
On April 8, the Pyth Network applauded the commitment of Aptos’ developers. The smart contract data provider tweeted that the upgrade has a positive effect on its own network.
The developers did something 🔥
Thanks to new gas optimizations, it is now 85 times cheaper to be #PoweredByPyth on @Aptos_Network 🔮
There are 200+ price streams readily available for just a few cents!
— Pyth Network 🔮 (@PythNetwork) April 8, 2023
Furthermore, compared to other L1s such as Cosmos [ATOM]and Algorand [ALGO]Aptos did relatively well per market value. Market value explains the growing popularity of a project as the asset price and circulating supply determine its value.
How much is 1,10,100 APTs worth today?
At the time of writing, Apto’s market value rose to $2.4 billion. It was able to outperform Algorand in this regard, but lagged behind Cosmos. This means that the blockchain, built with the Move programming language, received more attention than Algorand.
Source: Token Terminal
Ching offered additional comments on what to expect from Aptos in the coming months. He suggested that the blockchain would be essential for progress in the web3 sector. He also reiterated that the Move functionality would be key to the monthly Mainnet changes. He mentioned:
“Application developers and core developers are working very closely to take advantage of the new developer primitives, fast completion times and leading throughput to build new experiences.”
