Aptos (APT) Outperforms amid BlackRock Backing and Jump Crypto’s Shelby Launch
Aptos Rally Driven by Key Developments
- Aptos has seen a 4% price increase and a 35% surge in trading volume, reaching a $2.32 billion valuation.
- The current price is still 83% below its all-time high of $19.90.
Key Catalysts for the Surge
- BlackRock's BUIDL Fund deployed $500 million worth of tokenized assets to Aptos, making it the second-largest blockchain in their asset deployment after Ethereum.
- The total value of real-world assets (RWAs) tokenized on Aptos now exceeds $1.2 billion, placing it third globally across all networks.
- BUIDL Fund focuses on low-risk, high-liquidity investments like US Treasuries and initially deployed on Ethereum.
Jump Crypto and Aptos Launch Shelby
- Jump Crypto unveiled Shelby, a decentralized storage solution developed with Aptos Labs.
- Shelby addresses the lack of efficient decentralized storage, aiming to reduce reliance on centralized services like AWS.
- The system uses Aptos blockchain, RPC nodes, and distributed storage providers for data management.
- Shelby's architecture offers cost efficiency, charging about $0.014 per GB for reads and under $0.01 per GB per month for writes.