Published on juli 18, 2024, 12:27 am
Image source: Fox News
```json { "tldr": "Aptos collaborates with industry giants like Coinbase and MetaMask to simplify Web3 onboarding, integrates with Nansen for on-chain analytics. Partnership leads to Aptos Growth Dashboard offering insights into network dynamics. The Aptos network shows significant growth in active addresses and transaction volume. Aptos strives to enhance user experience through initiatives like 'Aptos Connect' while industry shifts towards user-friendly solutions for wider adoption of cryptocurrencies." } ```
Aptos, a prominent player in the cryptocurrency space, is teaming up with industry giants like Coinbase and MetaMask to streamline the onboarding process for Web3. This move aims to make it easier for users to immerse themselves in the blockchain ecosystem.
In a significant development, Nansen, a leading blockchain analytics provider, has joined forces with Aptos to integrate on-chain analytics and data into the blockchain network. This strategic partnership is geared towards empowering Aptos users and investors with cutting-edge analytics tools to drive growth and pinpoint emerging trends within the ecosystem.
One of the key outcomes of this collaboration is the introduction of the Aptos Growth Dashboard by Nansen. This dashboard will offer valuable insights into the network’s dynamics, including metrics like active addresses, transaction volumes, daily contract deployments, and identifying the top entities operating within the ecosystem.
Alex Svanevik, CEO of Nansen, highlighted Aptos as the “fastest parallel blockchain,” underscoring its efficiency in handling transactions. He emphasized how tools like Nansen’s analytics contribute to fostering transparency and traceability in the cryptocurrency industry—an ethos rooted in Bitcoin’s principles and decentralized technologies.
The Aptos network witnessed substantial growth in 2024, reflected in a notable spike in active addresses which more than doubled from approximately 77,000 to over 186,000 within a span of six months. Edward Wilson, an analyst at Nansen, attributed this surge to Aptos’ innovative technology stack driving user engagement.
Moreover, Aptos experienced a surge in transaction volume culminating in processing over 117 million transactions in a single day during May—a milestone that surpassed even Solana’s record daily transaction output. Notably, Sui previously held the record among layer-1 blockchains by processing 65 million transactions within one day.
Aptos stands out among blockchain networks striving to simplify Web3 onboarding—a critical step towards wider cryptocurrency adoption. Recently launching “Aptos Connect,” a web-hosted keyless wallet application utilizing ZK-proofs for user verification marks another effort by Aptos to enhance user experience by providing seamless access to decentralized applications without cumbersome security measures.
Indicating an industry-wide shift towards user-friendly solutions for growing adoption rates, Coinbase introduced a smart wallet featuring beginner-friendly functionalities aimed at easing entry into Web3 applications. Chintan Turakhia from Coinbase stresses that removing friction points like complex wallet setups or purchasing native tokens is pivotal in attracting new users into the crypto sphere.
The collective efforts by players like Aptos are geared towards overcoming barriers hindering mass adoption of cryptocurrencies by simplifying processes and enhancing user experience—an essential step towards welcoming billions more into the digital asset space.
Original article posted by Fox News
