• APT, the token powering layer-1 blockchain Aptos, has surged 30% higher on Friday, taking year-to-date gains to 365%.
• The rally has been in part powered by a broader move higher in crypto since the start of the month, as well as growth in trading volumes on Aptos-based NFT marketplace Topaz.
• Crypto Twitter community members are increasingly skeptical of the sustainability of the gains, citing the lack of other notable fundamental catalysts.

Recently, the cryptocurrency APT, which powers the Aptos layer-1 blockchain, has surged 30% higher on Friday, and has seen a stunning 365% gain year-to-date. This rally is largely attributed to the bullish sentiment in the crypto markets since the start of the month which has been fuelled by macro-optimism for easier monetary policy this year and next.

On top of this, there has been growth in trading volumes on the Aptos-based NFT marketplace Topaz which has added to the interest in the newly launched layer-1 blockchain. However, some members of the crypto Twitter community have been skeptical of the sustainability of the gains, citing the lack of other notable fundamental catalysts.

With the recent surge in APT’s price, the future of Aptos looks increasingly promising. The blockchain operates on a Proof-of-Stake consensus mechanism and is designed to be highly scalable, enabling users to transact quickly and securely. The blockchain also features its own native token, APT, which is used to pay transaction fees and reward network validators.

The Aptos team is also working on a wide range of new features and applications, including a decentralized exchange, a stablecoin, and a non-fungible token marketplace. This is all in addition to a number of other initiatives such as the Aptos Community Grants program which is designed to support and reward developers who are building on the platform.

On top of this, Aptos is actively engaging with the broader community and hosting educational events and hackathons. This is helping to build up interest in the project and is likely to help drive the already impressive gains made by APT in recent weeks.

With the Aptos team continuing to make progress with their roadmap, it’s likely that the APT token will continue its impressive performance in the weeks and months ahead. Whether or not the current gains are sustainable remains to be seen, but the outlook for Aptos is looking increasingly bright.