• Aptos is a new new layer 1 protocol that aims to outshine Solana and Ethereum.
• The APT team has raised $350 million from venture capitalists.
• To date, the network has gained over 20,000 node validators on the Aptos testnet.

Rising Interest in Aptos Labs and its Layer 1 Blockchain

Already, interest in the Aptos is very high, with 20,000 validator nodes on the testnet. That’s more than 10 times the number of validators on the Solana mainnet.

The interest is understandable due to the enormous development of the network for about three years. More than 350 developers worldwide are working on the Aptos blockchain.

Besides its high scalability and reliability, the Aptos network also has another layer of security. All assets can be handled separately on-chain thanks to its programming language.

This means copying or dropping an asset after it has been created is impossible. As a result, common attacks on Ethereum, such as re-entrancy, cannot happen on the network.

The rising interest in the Aptos blockchain means that it will launch at a higher valuation than most Layer 1s. This is not only because of the hype around it but also the funding from venture capitalists.

Meta employers from the failed Diem project founded Aptos Labs. It has already raised $350 million in funding from some of the top venture capitalists in the crypto market. These include Andreessen Horowitz, FTX ventures, Jump Crypto, OAK HC, Coinbase, Tiger Global, Binance Labs, and many more.