Franklin

bullish

Aptos

<ul class="wp-block-list">
 <li>APT rises 14% due to strong institutional interest and network advancements.&nbsp;&nbsp;</li>  
 <li>Network activity peaks with 1,051 transactions per second and 3.75 million active accounts.&nbsp;&nbsp;</li>  
 <li>Strategic partnerships enhance Aptos’ credibility in the crypto market and expand its reach.&nbsp;&nbsp;</li> 
</ul>  
<p><a href="https://cryptonewsland.com/key-token-unlocks-this-week-optimism-arbitrum-aptos-immutable-leading-the-way/" target="_blank" rel="noopener noreferrer nofollow">Aptos (APT)</a> is among the top gainers in the cryptocurrency market today, as the post below highlights. While many digital assets struggle, APT has surged by an impressive 14%.&nbsp;</p>  
<p>This surge coincides with a notable uptick in network activity, positioning Aptos as a rising star in the blockchain landscape. So, what's fueling this bullish momentum?</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/bitfinmarket/status/1842220031616413825
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<h2 class="wp-block-heading" id="h-surge-in-network-activity">Surge in Network Activity</h2>  
<p>Recent data from&nbsp; <a href="https://aptoscan.com/" target="_blank" rel="noopener noreferrer nofollow">Aptos Scan</a> reveals a striking increase in network activity on the Aptos blockchain. On October 3, the network processed transactions at a staggering speed of 1,051 transactions per second (TPS).&nbsp;</p>  
<p>Such velocity underscores Aptos’ capability to handle substantial demand. Moreover, daily active accounts soared to 3,750,939, reflecting a robust surge in user engagement and network adoption.</p>  
<p>This rising activity may translate to increased demand for APT tokens. Greater user confidence often parallels higher usage rates on blockchain networks.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-institutional-interest-fuels-growth">Institutional Interest Fuels Growth</h2>  
<p>Institutional involvement has significantly contributed to Aptos’ recent price ascent. Notably, Franklin Templeton has integrated $435 million OnChain U.S. Government Money Fund (FOBXX) into the Aptos blockchain.&nbsp;</p>  
<p>This integration places Aptos alongside established platforms like Avalanche, Arbitrum, Stellar, and Polygon. Such partnerships elevate Aptos' credibility in the investment community.</p>  
<p><a href="https://cryptonewsland.com/aptos-labs-boosts-japanese-market-presence/" target="_blank" rel="noopener noreferrer nofollow">Aptos Labs</a> has also made strides in the Japanese market by acquiring HashPalette. This strategic acquisition enhances Aptos’ reach among key Japanese enterprises, including telecom giant KDDI.&nbsp;</p>  
<p>Additionally, a partnership with Expo 2025 in Osaka further solidifies Aptos’ standing as the exclusive blockchain provider for the event’s digital wallet system.</p>  
<p>As of writing, APT trades at $8.835, a 4.45% increase in the past 24 hours. Technical analysis shows APT recently broke out of a long-term consolidation range.&nbsp;</p>  
<p>Immediate resistance lies at $10.7, while a target of $19.00 becomes plausible if bullish momentum continues. However, the <a href="https://www.investopedia.com/terms/r/rsi.asp" target="_blank" rel="noopener noreferrer nofollow">Relative Strength Index (RSI)</a> signal overbought conditions, sitting at 68.57.&nbsp;</p>  
<p>Traders should proceed with caution, as a significant price correction may follow this recent spike. For now, Aptos stands at a crossroads of opportunity and caution, propelled by institutional interest and growing network activity.</p> 
<p>The post <a href="https://cryptonewsland.com/institutional-interest-sparks-aptos-growth/" rel="noopener noreferrer nofollow">Institutional Interest Sparks Aptos’ Growth Amid Network Advancements</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Institutional Interest Sparks Aptos’ Growth Amid Network Advancements

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