陈剑Jason
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Both Sui and Aptos are in close proximity, with Sui's strong coin price and its ecosystem recently securing partnerships with Binance and Upbit, along with generous airdrops. In contrast, Aptos has been sluggish, with prices continually dropping despite calls for action; its ecosystem projects have been underwhelming and airdrop efforts lackluster, disappointing many. Initially, Sui struggled as well; I heard that the founding team was replaced before Sui launched last year and that executives from Solana were brought in, leading to a strategy similar to Solana's. Recently, Aptos underwent significant management changes, with Chinese-American Avery Ching stepping in as CEO, indicating that Aptos has recognized serious issues within its previous team and is looking to regroup.
It's worth noting that last week, a proposal was initiated within the community to reduce staking rewards from 7% to 3.79% within three months. As everyone knows, community proposals often serve as the official 'white gloves'—meaning the officials have already decided to first lower staking rewards to control inflation and, consequently, manage coin prices. On the other hand, if staking rewards are too high, large holders might just let their coins sit and earn passively instead of investing in the ecosystem's DeFi, which stifles ecosystem vitality.
Returning to the newly appointed CEO, @AveryChing, who is of Chinese descent and was previously Aptos's CTO, he holds a PhD in computer science from Northwestern University and has worked at companies like Facebook and Yahoo. Appointing a tech-savvy CEO with a Chinese background suggests a newfound focus on the Asian market. At the Consensus conference in Hong Kong this February, he expressed intentions to drive the Movemaker plan as a key initiative, particularly emphasizing the Chinese-speaking ecosystem. Movemaker is a community organization established by Aptos to oversee project funding, developer activities, community meetings, etc., and has set up a physical office space, Aptos Space, in Hong Kong.
Previously, Aptos faced criticism for being too rigid and not sufficiently crypto-native, adhering closely to Wall Street. This time, the Aptos Foundation has pledged to invest $200 million to support the ecosystem, particularly focusing on on-chain initiatives. Interestingly, the first case highlighted is Onchain Casinos, which openly features the term 'casino,' indicating that Aptos has shed its formal image. The benefit is that Aptos may engage in a wealth creation effect akin to Sui and Solana. If Aptos truly commits to energizing its community, the leading meme projects within its ecosystem will be worth watching.
Returning to the technology itself, Aptos's speed and performance are quite commendable; at least the transfer fees are genuinely low. I now use Aptos for exchanges, as shown in the image below, where Aptos has the lowest fees across all chains at just 0.03 U, and the speed is also quite fast. This is mainly due to its Zaptos architecture's high-performance optimization, which allows blocks to enter the execution pipeline directly after being initiated, without waiting for the previous parent block's confirmation. Once executed, the state is written directly to storage without waiting for consensus across the network. This high-performance, low-latency, and low-cost effect primarily supports high-frequency financial interaction scenarios, especially in the PayFi payment sector, as it is now the chain with the lowest transaction fees.
In fact, Aptos is now fully prepared and just needs to rally its prices. I wrote about a three-phase rally for public chains last year, and currently, Aptos hasn't even begun the first phase. The primary task for Aptos now is to quickly rally its prices, then let a few top projects emerge within its ecosystem to engage the community and increase chain activity, which can then spill over into other applications. So, Aptos, you need to rally quickly!
It's worth noting that last week, a proposal was initiated within the community to reduce staking rewards from 7% to 3.79% within three months. As everyone knows, community proposals often serve as the official 'white gloves'—meaning the officials have already decided to first lower staking rewards to control inflation and, consequently, manage coin prices. On the other hand, if staking rewards are too high, large holders might just let their coins sit and earn passively instead of investing in the ecosystem's DeFi, which stifles ecosystem vitality.
Returning to the newly appointed CEO, @AveryChing, who is of Chinese descent and was previously Aptos's CTO, he holds a PhD in computer science from Northwestern University and has worked at companies like Facebook and Yahoo. Appointing a tech-savvy CEO with a Chinese background suggests a newfound focus on the Asian market. At the Consensus conference in Hong Kong this February, he expressed intentions to drive the Movemaker plan as a key initiative, particularly emphasizing the Chinese-speaking ecosystem. Movemaker is a community organization established by Aptos to oversee project funding, developer activities, community meetings, etc., and has set up a physical office space, Aptos Space, in Hong Kong.
Previously, Aptos faced criticism for being too rigid and not sufficiently crypto-native, adhering closely to Wall Street. This time, the Aptos Foundation has pledged to invest $200 million to support the ecosystem, particularly focusing on on-chain initiatives. Interestingly, the first case highlighted is Onchain Casinos, which openly features the term 'casino,' indicating that Aptos has shed its formal image. The benefit is that Aptos may engage in a wealth creation effect akin to Sui and Solana. If Aptos truly commits to energizing its community, the leading meme projects within its ecosystem will be worth watching.
Returning to the technology itself, Aptos's speed and performance are quite commendable; at least the transfer fees are genuinely low. I now use Aptos for exchanges, as shown in the image below, where Aptos has the lowest fees across all chains at just 0.03 U, and the speed is also quite fast. This is mainly due to its Zaptos architecture's high-performance optimization, which allows blocks to enter the execution pipeline directly after being initiated, without waiting for the previous parent block's confirmation. Once executed, the state is written directly to storage without waiting for consensus across the network. This high-performance, low-latency, and low-cost effect primarily supports high-frequency financial interaction scenarios, especially in the PayFi payment sector, as it is now the chain with the lowest transaction fees.
In fact, Aptos is now fully prepared and just needs to rally its prices. I wrote about a three-phase rally for public chains last year, and currently, Aptos hasn't even begun the first phase. The primary task for Aptos now is to quickly rally its prices, then let a few top projects emerge within its ecosystem to engage the community and increase chain activity, which can then spill over into other applications. So, Aptos, you need to rally quickly!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.