L-1 Gaming Token Rockets Past Bitcoin, Ethereum Gains With 437% Monthly Surge

Aptos APT/USD is topping monthly gains, up 437% at $18.77, outperforming advances clocked by apex crypto Bitcoin BTC/USD and Ethereum ETH/USD.

What Happened: APT was hovering around the $3 to $4 mark for the first few months of its launch, until Jan 9 when the price started moving to over $15. This represents a 275% move in two weeks.

So…$APT has been outperforming in the last couple of weeks. Why? What is the latest with #Aptos and what is coming up for this new #Layer1?

A #Binance Research thread

— Binance Research (@BinanceResearch) January 25, 2023

BTC was up 37% and ETH at 31.8% in the last 30 days, according to data from Benzinga Pro.

Binance Research has identified several factors contributing to Aptos' recent price rally. First, NFTs from Aptos has been experiencing a surge in both floor price and trading volume.

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Subsequently, on January 20, Binance opened two new liquidity pools for Aptos pairing APT with BTC and USDT. According to data from CoinMarketCap, this has resulted in a 56% increase in the price of APT and a 147% increase in the trading volume.

Last but not the least, Aptos is a recently launched proof-of-stake blockchain that utilizes the Move programming language, which also drove its surge.

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