Aptos network fee reports and blockchain explorer data

Aptos Network Hits 51.6M Transactions, TPS of 14,300 Amid Tapos Launch

Aug 14, 2024, 05:55 PM

The Aptos network has experienced a significant surge in transaction volume, reaching 51.6 million transactions on August 13, marking a 3,570% increase from the previous day. This spike in activity resulted in a User Transactions Per Second (TPS) of 14,300, the third highest in the network's history. The increase in transactions was partly attributed to the launch of Tapos, which has enhanced the network's throughput capabilities. Aptos's performance was notable compared to other blockchain networks, handling approximately 50 times more daily transactions than Ethereum's Layer 1 and 10 times more than Base's Layer 2. Despite the massive increase in activity, the Aptos network maintained stability without any reported issues. Additionally, the cost per Tapos transaction remains low at 0.000008 APT, highlighting the network's affordability. The surge coincided with the launch of meme coins markets.