'Performing as expected' — Aptos Labs defends day 1 criticism

CointelegraphPublicado em 2022-10-18Última atualização em 2022-10-18

Resumo

After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) has finally launched its mainnet, though it has been marred by mixed reception.

After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) has finally launched its mainnet, though it has been marred by mixed reception.
The much-anticipated proof-of-stake blockchain, dubbed by some as a “Solana killer” due to its claimed 160,000 transactions per second (TPS) has launched its mainnet on Oct. 17.
However, some members of the community have pointed out that the previously claimed TPS is falling far short of expectations on the mainnet.
According to Aptos’ blockchain explorer the network is seeing around 4 TPS at the time of writing, while some users on Twitter have reported not being able to send transactions.
Others on Twitter noticed the Aptos Discord was closed for a few hours after the launch of the mainnet, accusing the team was attempting to stop discussion around potential launch issues.
Cointelegraph reached out to Aptos for comment and was directed to a "Day one update" tweet by Aptos on Oct. 18.
In the tweet, Aptos said the network is “performing as expected” with activity increasing as more ecosystem participants join. Cointelegraph was able to view a variety of transactions from users using its blockchain explorer.
Day one update:
Today has been exciting. Thank you for all the support!

The Aptos network has been performing as expected and will see increased activity as ecosystem projects onboard and get going.
— Aptos (@AptosLabs) October 18, 2022
Aptos also said it closed comments on its Discord and Telegram channels to “protect the community from scams” and they will “return to normal when appropriate.”
The tokenomics of Aptos is not yet publicly available, leading some to cite concerns that cryptocurrency exchanges such as Binance and FTX are listing its token without such information available to their customers.
Aptos has seen millions invested from venture capital firms with the most recent round of funding in July netting Aptos Labs $150 million, a prior round in March raised $200 million with participants including Andreessen Horowitz (a16z), FTX Ventures, and Coinbase Ventures.
Aptos Labs was created by former Meta employees Mo Shaikh and Avery Ching who were involved in the failed Diem blockchain project which wound down in February of this year and sold its intellectual property and other assets.
The blockchain is built on a programming language originally developed for the defunct Meta-built Diem blockchain.

Leituras Relacionadas

Analyst Exposes Bitcoin Market Maker Buy Strategy, Shows What Happens When Accumulation Ends

A crypto analyst, Merlijn The Trader, has presented a market structure model suggesting Bitcoin is following an institutional trading cycle. The model outlines four key phases: a "Distribution" phase where large holders sold BTC near highs, a sharp "Flush" that dropped prices 38% to eliminate weak traders, the current "Accumulation" phase where institutions are buying in a tight range between $60k-$77k, and a future "Re-accumulation" period. The analyst projects that once accumulation ends, Bitcoin could break out to new all-time highs, with a potential target above $142,000 by early 2027. Holding above the $70,000 resistance level is critical for this bullish scenario to remain valid.

bitcoinistHá 3m

Analyst Exposes Bitcoin Market Maker Buy Strategy, Shows What Happens When Accumulation Ends

bitcoinistHá 3m

Leading Crypto VCs See Collective AUM Shrink: a16z Crypto Fund Management Scale Plummets 40%, Multicoin Halved

Headline: Top crypto funds including a16z Crypto and Multicoin saw their Assets Under Management (AUM) decline significantly in 2025, according to undisclosed SEC filings obtained by Fortune. Key Points: - a16z Crypto’s AUM dropped nearly 40% to $9.5 billion, partly due to returning capital to LPs at a market peak. Its first crypto fund achieved a 5.4x DPI. - Multicoin’s AUM was halved to approximately $2.7 billion, impacted by the crypto market downturn and its hybrid hedge/VC fund structure. - Pantera Capital also reduced AUM, influenced by successful exits including five portfolio company IPOs like Circle and BitGo. - Haun Ventures was the exception, with AUM growing over 30% to nearly $2.5 billion, driven by the successful acquisition of portfolio company BVNK by Mastercard. - Despite AUM contractions, major firms are raising new funds: Paradigm targeting up to $1.5 billion, a16z Crypto seeking up to $2 billion, and Dragonfly closing a $650 million fund. The data highlights the high volatility and cyclical nature of crypto VC investments, where AUM fluctuations are heavily tied to token prices and market cycles rather than solely reflecting fund performance.

marsbitHá 7m

Leading Crypto VCs See Collective AUM Shrink: a16z Crypto Fund Management Scale Plummets 40%, Multicoin Halved

marsbitHá 7m

XRP, Bitcoin, And Everything In Between: Pundit Predicts What’s To Come

A crypto analyst (@Bird_XRPL) has outlined a bold market timeline from April 2026 through the end of the year, predicting significant momentum for XRP and Bitcoin. Key early catalysts include the launch of a digital payments platform around April 20 and a potential link between Solana and the XRP Ledger to boost liquidity. Strength in traditional equity markets, influence from figures like Elon Musk, and a revival in retail trading interest are also seen as supportive factors. The outlook anticipates a steady price rise into mid-year, building toward the 2026 FIFA World Cup. The global event, potentially featuring promotions by Cristiano Ronaldo, could introduce crypto to a massive new demographic and drive Bitcoin to a new all-time high. Following a period of attention and a subsequent consolidation phase, a strong Q4 finish is expected. The forecast highlights XRP, projecting a rise toward $27 or higher, fueled by combined market strength, increased participation, and global hype.

bitcoinistHá 1h

XRP, Bitcoin, And Everything In Between: Pundit Predicts What’s To Come

bitcoinistHá 1h

The Real Battlefield of AI Lies in the 'Dark Forest'

The article "AI's Real Battlefield is in the 'Dark Forest'" discusses the shifting dynamics in the global AI landscape, contrasting the strategic directions of Chinese and U.S. AI developers. Chinese companies like Alibaba (with its "HappyHorse" video model), ByteDance (Seedance 2.0), and Kuaishou (Kling 3.0) have taken the lead in text-to-video generation, surpassing OpenAI’s now-discontinued Sora. These models are deeply integrated into their parent companies’ content ecosystems (e.g., Douyin, Kuaishou), serving to reduce content creation costs and enhance user engagement rather than operating as standalone profit centers. In contrast, U.S. firms are pivoting toward high-stakes enterprise and security applications. Anthropic’s Claude Mythos model demonstrates advanced capabilities in autonomously discovering and exploiting software vulnerabilities, prompting concern at the highest levels of U.S. financial and governmental institutions. OpenAI responded with its own GPT-5.4-Cyber, signaling a strategic shift from consumer-facing products to enterprise-grade tools focused on cybersecurity and programming. The divergence is attributed to fundamental differences in resources and market structures. U.S. companies, backed by vast computational resources (e.g., Amazon and Google supply Anthropic with substantial funding and TPU access), can pursue deep, specialized R&D in high-value B2B sectors. Chinese firms, facing significant compute power constraints and a less mature enterprise SaaS market, have found success by leveraging their massive consumer platforms and optimizing for cost-efficiency. The article warns that the AI race is entering a "dark forest" phase—a reference to competitive dynamics where cybersecurity capabilities could determine digital sovereignty. While Chinese models like Zhipu AI’s GLM-5.1 show promise in narrowing the gap in coding proficiency, the author stresses that achieving parity in security-critical AI will require asymmetric strategies, including greater investment in coding models, adaptation to domestic hardware, and exploring international markets in the Global South.

marsbitHá 1h

The Real Battlefield of AI Lies in the 'Dark Forest'

marsbitHá 1h

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

XRP is showing signs of renewed bullish momentum as buyers return, approaching the $1.50 mark. However, the Sharpe Ratio, a key risk-adjusted performance metric, remains in negative territory, indicating underlying market inefficiency and a lack of efficient expansion. Crypto expert Teddy notes that while the overheated phase has passed, the ratio's negative reading suggests the market is still in a recovery phase from earlier losses. Momentum indicators show compression, with analysts predicting a potential aggressive move towards the 6.127% level if bullish momentum continues. A break above could open upward space of up to 12%, though it remains unclear whether this will be a sustained expansion or a retracement.

bitcoinistHá 2h

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

bitcoinistHá 2h

Trading

Spot

Futuros