Project Safety Score: 47%
Updated 9 minutes agoAptos is a Layer 1 blockchain project founded by the original creators of Diem, focusing on safety and scalability. It utilizes the Move programming language and the Move VM for application development.
The project operates on a proof-of-stake consensus model and aims to provide a high-performance blockchain suitable for various use cases. Aptos raised $200 million from investors, including a16z, Multicoin, and Binance. It launched its Devnet in March and an incentivized testnet in May, with plans to launch the mainnet in the third quarter.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 57 out of 100. The project has been live for 4.3 years, which is a relatively stable duration. While it has no regulatory actions against it, there have been two historical incidents, indicating that some issues have arisen in the past. Additionally, there are four concerns raised by research analysts, which should be taken into account when assessing the project's reliability.
Economic design score 80 out of 100. The project boasts a defined hard cap of 2.1 billion tokens, showcasing a structured approach to its economic model. However, 67% of the total supply is currently in circulation, which may impact scarcity and valuation dynamics in the market positively.
Developer health score 0 out of 100. Unfortunately, there is a lack of developer activity with no GitHub stars, forks, or contributions noted recently. Moreover, there have been no commits in the past four weeks, indicating a significant stagnation in development efforts. This lack of engagement raises concerns about ongoing support and innovation.
Network security score 53 out of 100. The project's market cap is approximately $803.7 million, contributing to its economic security, but historical incidents and multiple chain issues raise potential flags. As the project is 4.3 years old, its chain age is reasonably mature; however, past incidents suggest that there could be vulnerabilities.
Social behavioral score 39 out of 100. The social landscape shows some engagement, with a Telegram audience of around 90,213 members but a lack of analytics on influencer sentiment. With a sentiment score of 75% positive, there seems to be favorable perceptions among existing users, although scam allegations and a history of hacks have raised concerns that may influence community trust.
Adoption liquidity score 52 out of 100. The project has a substantial presence in centralized exchanges, with 65 listings of which 33 have a green trust rating. However, its daily trading volume of approximately $54.7 million reflects moderate adoption and liquidity, highlighting a need for increased market activity to bolster confidence among investors.
Overall, despite some positive aspects behind its economic design and exchange presence, Aptos faces inherent risks typical to the crypto space, including vulnerability to market fluctuations and the potential impact of its past incidents and allegations on future growth and investor trust.
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Prior: Meta (formerly Facebook)Former Meta employee who worked on the Diem project.
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Prior: Meta (formerly Facebook)Former Meta employee who worked on the Diem project.
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0.6
Aptos faced scam allegations amid a 420% surge in its token price, raising concerns about potential pump-and-dump schemes.DailyCoin · source ↗
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0.9
A fraudulent deposit of fake APT tokens worth $3.4 billion was made into Upbit, a major South Korean crypto exchange, leading to a significant security breach.The News Crypto · source ↗
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scam 2023-01-26Aptos faced scam allegations amid a 420% surge in its token price, raising concerns about potential pump-and-dump schemes. ↗
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scam 2023-09-25 · $3400000000A fraudulent deposit of fake APT tokens worth $3.4 billion was made into Upbit, a major South Korean crypto exchange, leading to a significant security breach. ↗
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DailyCoin · 2023-01-26
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The News Crypto · 2023-09-25
- ✓High liquidity and market metrics
- ✓Strong tokenomics with a defined hard cap and substantial circulating supply
- ✗Project has a history of hacks or exploits
- ✗Multiple chain incidents on record
- ✗No recent code commits
- ✗Public scam allegations have been raised
- ✗Lack of publicly identifiable team members
- ✗Limited developer activity
- ✗Scam allegations amid significant token price surge
- ✗Security breach involving fraudulent APT tokens worth $3.4 billion
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