forbitspace

Aptos is a new layer 1 blockchain — built by former Meta employees who worked on the Diem blockchain — that aims to provide the benefits of decentralization and bring about widespread Web3 adoption.If you haven&#39;t heard of Aptos, check it out here.<h2 id="header-0">What is Aptos?</h2>Aptos is a Layer 1 blockchain that focuses on scalability, safety, reliability, and scalability as its key principles. Built by a team of more than 350 developers over the past three years, it aims to revive the layer 1 space with new ideas for consensus mechanism, smart contract design, system security, and more system, performance and decentralization. Its vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.<h2 id="header-1">Why do we need DEX?</h2>As a more advanced level of the Move programming language, Aptos is an important project for its creators and backers.DeFi on Aptos covers the entire range from DEXs to lending protocols, stablecoins, liquidity aggregators, margin trading platforms, and even complex ETF-like products.Aptos is designed to run a variety of decentralized applications (Dapps) and NFTs, and users can rest assured by a secure key recovery system.DEX is the top potential segment and an indispensable array for an ecosystem. Therefore, DEXs are usually the largest Dapps in the system, for example Ethereum has Uniswap, BNB Chain has Pancakeswap or Avalanche has forbitswap ... and with Aptos, these are the projects that are considered the most potential.<h2 id="header-2">DeFi projects on Aptos</h2>As the DeFi industry on Aptos is growing very quickly, we will continue to update this post. For now, we present the coolest dApps you can try, with more coming soonPontem Network: a product development studio, specializing in building foundation and infrastructure dApps for Aptos using the Move programming language previously raised $4.5 million and backed by leading backers such as Pontem Network. : Alameda Research, Animoca Brands, etc. The main products of Pontem Network include: Liquidswap DEX, Pontem Wallet, Move Playground, Ethereum Virtual Machine (EVM) Layer for Aptos.forbitswap: It’s specifically designed for a swapping platform that cuts out the middleman and allows users to trade cryptocurrency directly with one another. This allows traders to retain control of their funds at all times rather than having to entrust them to an exchange provider, with trades executed using smart contracts.Vial: Algorithmic liquidity protocol on Aptos, currently the project has launched devnet.Mojito Markets: A decentralized prediction market on AptosKX.finance: is a DeFi/DEX aggregator built on Aptos and Sui to support launching projects as well as managing profits for platform users.<h2 id="header-3">Destination of Aptos DeFi project</h2>Aptos plans to release several DeFi applications, including a centralized price limit order book, AMM and DEXs.What really makes Aptos stand out from others is that it tries to solve the problems that exist on existing blockchains while keeping the user in mind. This is an approach that comes from the founder&#39;s belief that to achieve mass adoption, blockchain must provide a significantly higher level of security and scalability. If Aptos can get these goals right, it will have a huge competitive advantage over other networks.<h2 id="header-4">Summary</h2>Aptos has created a positive developer experience, with a platform well suited for building dApps. Overall, it&#39;s a pretty balanced ecosystem that&#39;s good for both native crypto apps like DeFi and newbie apps like casual games.

What Is Aptos? DeFi On Aptos

Table of Contents

forbitspace

Other articles published on Jan 13, 2023

一个带有简单游戏的教育和营销平台 8.Finance

Verasity Announces Staking Extension through to April 2024 at 15%

Classification of Exchanges: Service Differences and Reasons

SHIB Descending Channel Upside Breakout Confirmed: Crypto Analyst

ReFi Xrp Classic to Promote Eco-Friendly Blockchain Technology

SuperRare Cuts Workforce by 30% as Growth Falters During Crypto Winter

Join our free newsletter for daily crypto updates!