Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Post Pectra, Ethereum is now focusing on efficiency with 60 million gas limit expansion

2025-05-08

Element goes live on abstract blockchain to power the next generation of modular daps

2025-05-08

Cobie says we will return if someone buys this $ 20 million NFT

2025-05-08
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08

    Hadron integrates chain analysis by Tether, represents a new standard informing tokenization

    2025-05-08

    Monero Veterinarians launch new ‘confidential per-default’ Crypto Network Tari

    2025-05-08
  • NFT

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04

    NFT -Sales set 22% to $ 107 million, Pudgy Penguins restore

    2025-05-03
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08

    Analysts say that $ 2,500,000,000,000,000 ‘avalanche’ of selling could reach the US dollar, warning trade wars threaten Greenback’s profession: report: report

    2025-05-08

    Dogecoin (doge) blinks bullish signals – is a large meeting on the horizon?

    2025-05-08

    Robinhood is said to be considering Solana, arbitrum for a new blockchain effect platform in Europe

    2025-05-07
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Can the Aptos NFT scene compete with Ethereum’s?
Analysis

Can the Aptos NFT scene compete with Ethereum’s?

2023-05-08No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Key learning points

  • Three NFT marketplaces compete for trading volume on Aptos, despite the blockchain only launching last week.
  • The leading platform, Topaz, claims to have made more than $1.8 million in total trading volume in about five days.
  • However, the NFT boom is unlikely to be sustainable as it appears to be based mainly on hype and not on quality projects.

share this article

The hype around Aptos is driving intense activity across the various NFT marketplaces. However, there are signs that the enthusiasm for Aptos NFTs will not remain constant in the long run.

An emerging NFT market

Launched October 17 Aptos is a Proof-of-Stake Layer 1 blockchain devised by former Meta engineers. The protocol aims to leverage its new smart contract language, Move, to achieve a throughput of more than 100,000 transactions per second. While the Aptos mainnet is barely a week old, the NFT scene has already seen intense activity, with multiple marketplaces vying for trading volume over a few dozen collections.

Among the competing platforms, Topaz seems to have taken the lead. At the time of writing, the market had reached total trading volumes ranging from approximately 82,000 APT ($779,000 at current prices) to 1,200 APT ($11,400) in the twenty largest collections (out of several hundred listed), with the top four collections each more shots than 20,500 APT ($194,750). According to the Topaz team, the marketplace is reaches $1.1 million in total trading volume within four and a half days of launch; a day later, the number was standing at about $1.8 million.

See also  'Historic Step' Forward for Bitcoin, With BTC Setup Looking Stronger Than 2020, Says Crypto Analyst

While no tools currently exist to independently confirm these stats, the rising trading volume of multiple Topaz NFT listings seems to indicate that the platform is gaining traction. In the last 24 hours, collections such as Pixel Aptos Citizen, Aptos Birds and Moonlight saw their trading volumes increase with 645,981%, 17,112% and 8,320% respectively – and they are far from alone.

Rival NFT marketplaces include Blue movement And Souffl3. Blue Move, which is currently modeling its platform after Ethereum NFT giant OpenSea lists only nine collections. The trading volume is lower, but not insignificant; the top five collections have each fetched between 25,000 APT ($237,500) and 9,500 APT ($90,250) – the rest range between 1,200 APT ($11,400) and 500 APT ($4,750). Souffl3, for his part, has seen his twenty collections make anywhere between 23,000 APT ($218,500) and 1,000 APT ($9,500) in trading volume, averaging about 5015 APT ($47,600) per NFT collection.

What’s in store for Aptos NFTs?

While healthy trading volumes are a good sign for the emerging Aptos NFT scene, the stat doesn’t tell the whole story. So far, only a few unique collections have turned trading volumes into price gains. One of them, Aptomingos, was issued as a free coin, but at the time of writing, the cheapest items in the collection traded for 105 APT (nearly $1,000) on Topaz. Most other Aptos NFT projects have been content with replicating famous collections from other ecosystems. Among its many collections, Topaz lists Aptos Toads, Bored Aptos Yacht Club, Aptos Birds, and the Aptos Monke Mafia – all copies of successful Ethereum and Solana NFTs.

See also  Cardano (ADA) is up 25% in a day as other altcoins also post double-digit gains

Additionally, it’s worth noting that if we took the trading volume figures provided by Topaz at face value (about $700,000 in the last 24 hours), the marketplace would still only rank fourth or fifth in terms of daily trading volume. OpenSea, by comparison, reaches $7.4 million in trading volume alone on Ethereum in the same time frame, according to DappRadar data. It is also too early to say whether Topaz and other Aptos marketplaces can sustain the pace of their growth or their daily trading volume.

Most likely, the NFT activity on Aptos is currently being driven by the hype caused by the recent protocol launch and token airdrop. Early Aptos testnet users were promised 150 APT Tokens on October 19; the airdrop was worth about $1,237 at the time. The story of Aptos becoming a “Solana Killer” thanks to its higher processing power may also play a role.

In order for Aptos NFTs to compete with Ethereum or Solana NFTs, the project will most likely need to entice creative and innovative NFT founders to launch in its ecosystem. Other blockchains, such as BNB Chain, have shown that user numbers and infrastructure alone are not enough to create a sustainable, thriving NFT space. Indeed, BNB Chain’s leading marketplace, Pancake Swapjust under $12,000 in NFT trading volume in the past 24 hours, despite the protocol having locked in over $2.79 billion in value and a market cap of $4.25 billion.

Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.

See also  AI Barbie Collection Inspired by London's queer scene

share this article



Source link

Aptos Compete Ethereums NFT scene
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cobie says we will return if someone buys this $ 20 million NFT

2025-05-08

XRP is forming bullish reverse dragon head pattern, how high can the price go?

2025-05-08

Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

2025-05-08

Edge Matrix, Colabs Partner to strengthen NFT -Makers

2025-05-08
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Charting Bitcoin’s Path to $139,000: Past Election Cycles Suggest…

2024-11-22

Inferium AI launches ASI-1 Mini as the first web3-native large language model

2025-03-13

Zypher Network Fores Partnership with the agent AI to pioneer verifiable AI in web3

2025-04-25
Editors Picks

Digital Art Collective Wildxyz introduces Curatorial Board to grow Experiential Art program

2023-06-08

Access Protocol’s ACS rose 55% after a new use case for cNFTs

2024-02-07

NFT Lending Protocol ParaSpace Announces Upcoming Critical Upgrade 2.0

2023-07-13

How AI and DePIN will change Web3

2024-01-31
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Post Pectra, Ethereum is now focusing on efficiency with 60 million gas limit expansion

Element goes live on abstract blockchain to power the next generation of modular daps

Cobie says we will return if someone buys this $ 20 million NFT

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$101,363.864.59%
  • ethereumEthereum(ETH)$2,051.4813.19%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.255.97%
  • binancecoinBNB(BNB)$621.783.60%
  • solanaSolana(SOL)$160.229.52%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.19094211.84%
  • cardanoCardano(ADA)$0.7310.35%
  • tronTRON(TRX)$0.2553973.38%
  • suiSui(SUI)$3.9219.83%
  • chainlinkChainlink(LINK)$15.2812.41%
  • avalanche-2Avalanche(AVAX)$21.3411.07%
  • stellarStellar(XLM)$0.2826879.24%
  • bitcoin-cashBitcoin Cash(BCH)$421.9616.88%
  • shiba-inuShiba Inu(SHIB)$0.00001410.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.36%
  • hedera-hashgraphHedera(HBAR)$0.19207910.44%
  • the-open-networkToncoin(TON)$3.217.06%
  • hyperliquidHyperliquid(HYPE)$21.974.87%
  • litecoinLitecoin(LTC)$93.285.74%
  • polkadotPolkadot(DOT)$4.3310.87%
  • moneroMonero(XMR)$296.565.08%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.444.54%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • piPi(PI)$0.639.31%
  • pepePepe(PEPE)$0.00001025.37%
  • bittensorBittensor(TAO)$418.1616.71%
  • uniswapUniswap(UNI)$5.5515.90%
  • aptosAptos(APT)$5.2311.25%
  • nearNEAR Protocol(NEAR)$2.6215.19%
  • okbOKB(OKB)$52.443.25%
  • ondo-financeOndo(ONDO)$0.9511.03%
  • aaveAave(AAVE)$190.9512.36%
  • ethereum-classicEthereum Classic(ETC)$17.7211.16%
  • gatechain-tokenGateToken(GT)$21.813.44%
  • internet-computerInternet Computer(ICP)$4.989.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24722713.75%
  • crypto-com-chainCronos(CRO)$0.0966156.58%
  • kaspaKaspa(KAS)$0.0977437.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4015.34%
  • mantleMantle(MNT)$0.744.22%
  • render-tokenRender(RENDER)$4.6513.81%
  • vechainVeChain(VET)$0.02738711.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • filecoinFilecoin(FIL)$2.8512.02%
  • algorandAlgorand(ALGO)$0.21725810.40%
  • ethenaEthena(ENA)$0.31362118.40%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7513.66%
  • bitcoinBitcoin(BTC)$101,363.864.59%
  • ethereumEthereum(ETH)$2,051.4813.19%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.255.97%
  • binancecoinBNB(BNB)$621.783.60%
  • solanaSolana(SOL)$160.229.52%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.19094211.84%
  • cardanoCardano(ADA)$0.7310.35%
  • tronTRON(TRX)$0.2553973.38%
  • suiSui(SUI)$3.9219.83%
  • chainlinkChainlink(LINK)$15.2812.41%
  • avalanche-2Avalanche(AVAX)$21.3411.07%
  • stellarStellar(XLM)$0.2826879.24%
  • bitcoin-cashBitcoin Cash(BCH)$421.9616.88%
  • shiba-inuShiba Inu(SHIB)$0.00001410.14%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.36%
  • hedera-hashgraphHedera(HBAR)$0.19207910.44%
  • the-open-networkToncoin(TON)$3.217.06%
  • hyperliquidHyperliquid(HYPE)$21.974.87%
  • litecoinLitecoin(LTC)$93.285.74%
  • polkadotPolkadot(DOT)$4.3310.87%
  • moneroMonero(XMR)$296.565.08%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.444.54%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • piPi(PI)$0.639.31%
  • pepePepe(PEPE)$0.00001025.37%
  • bittensorBittensor(TAO)$418.1616.71%
  • uniswapUniswap(UNI)$5.5515.90%
  • aptosAptos(APT)$5.2311.25%
  • nearNEAR Protocol(NEAR)$2.6215.19%
  • okbOKB(OKB)$52.443.25%
  • ondo-financeOndo(ONDO)$0.9511.03%
  • aaveAave(AAVE)$190.9512.36%
  • ethereum-classicEthereum Classic(ETC)$17.7211.16%
  • gatechain-tokenGateToken(GT)$21.813.44%
  • internet-computerInternet Computer(ICP)$4.989.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.24722713.75%
  • crypto-com-chainCronos(CRO)$0.0966156.58%
  • kaspaKaspa(KAS)$0.0977437.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4015.34%
  • mantleMantle(MNT)$0.744.22%
  • render-tokenRender(RENDER)$4.6513.81%
  • vechainVeChain(VET)$0.02738711.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • filecoinFilecoin(FIL)$2.8512.02%
  • algorandAlgorand(ALGO)$0.21725810.40%
  • ethenaEthena(ENA)$0.31362118.40%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7513.66%