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Aptos (APT), a blockchain project that combines cutting-edge technology with an ambitious vision for the future, has been attracting significant attention in the cryptocurrency world. While it may not be as well-known as Bitcoin or Ethereum, Aptos stands out for its focus on scalability, low transaction costs, and its integration with artificial intelligence (AI).
Aptos, one of the most popular L1 blockchains outside the Ethereum Virtual Machine ecosystem, hit two adoption milestones in the first week of 2025. It celebrates the arrival of veteran DeFi Aave v3 on its testnet, while its largest IDO platform now supports native USDT.
Near Protocol (NEAR) joined Aptos (APT) as an underperformer, also dipping 5.1%.
Aave's testnet deployment on Aptos aims to assess V3's safety and performance, with mainnet launch pending governance approval.
Aave has deployed its third-generation lending protocol on the Aptos testnet as part of a 2025 expansion pack.
BitTorrent (BTT), FTX Token (FTT), and Aptos (APT) are driving attention today with notable price movements and market activity. BTT has risen nearly 6% in the past 24 hours, forming a bullish golden cross and experiencing a 170% surge in trading volume to $130 million.
Aptos struggles to sustain momentum despite recovery signals and cautious optimism from traders.
Aptos (APT) is one of the top gainers on the day as bulls extend upside above the $10 level. CoinMarketCap shows Aptos's price has moved +5% in the last 24 hours to trade at highs of $10.47. The uptick has seen the altcoin's value move from the low of $9.
Cryptocurrencies remained on edge last week as Bitcoin struggled to move above the key resistance at $100,000.
Bitcoin (BTC) continued to slide despite signs of an attempted recovery reaching an intraday high of $94,804 during early trading hours before a rapid decline dropped it to a low of $91,788. BTC is trading at $92,317, down almost 1.33% in the past 24 hours.
The Aptos blockchain, known for its high-speed and low-cost transactions, has reached a significant milestone by processing 3.7 million transactions in a single day. With an impressive throughput of 3,700 transactions per second (TPS) and fees as low as $0.00005, Aptos is showcasing its potential as a scalable and efficient blockchain solution.
Aptos struggles with low development activity and social dominance despite record transaction milestones.
A notable headwind rocked the cryptocurrency market on Thursday, driving down not only the sector's leading asset but a great many coins and tokens that tend to slipstream behind it.
Avalanche joined Aptos as worst performers, falling 6%.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
Here is how some of your favorite assets concluded the week.
TL;DR Mo Shaikh, co-founder of Aptos Labs, resigns as CEO but will continue as the company's strategic advisor. The CEO position will be taken over by Avery Ching, co-founder and CTO of APT, to lead the company's next phase of growth. After Shaikh's departure, the APT token experienced a 12.4% drop, reaching $10.
In a significant leadership shift, Mohammad Shaikh, the co-founder and CEO of Aptos Labs, has announced his resignation to pursue new ventures. Avery Ching, the company's co-founder and Chief Technology Officer, will now serve as its CEO.
Aptos Labs undergoes leadership transition as co-founder Mo Shaikh steps down as CEO, with fellow co-founder Avery Ching taking over amid market response and continued platform development.
Digital assets traded largely in the red on Friday as Bitcoin failed to steady above $100K amid unwelcoming economic signals. The altcoin space continued to bleed, with most assets recording significant losses over the past day. Meanwhile, reports of Aptos Labs CEO quitting amplified APT's price volatility.
Mo Shaikh, co-founder of Aptos Labs leaves the company as CEO “to start a new chapter.” The post Aptos Labs CEO Mo Shaikh Resigns, Continues to be Strategic Advisor on Board appeared first on Cryptonews.
Aptos faces pivotal resistance as traders watch for a breakout to sustain its rapid growth.
Mo Shaikh, CEO of Aptos, has resigned from his position. He named co-founder Avery Ching as his successor for the role.
Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.
