Category: NFT News
Aptos Removes Bridge Limits In Cross-Chain Push
Aptos’s TVL is up 822% in five months.
Aptos is seeking to bolster its cross-chain interoperability with other networks, with the team removing the daily transaction limit on its Stargate bridge.
Announced on March 8, the move enables unlimited activity for bridge users and is intended to promote the development of cross-chain DeFi protocol supporting Aptos. Alongside enabling unlimited bridge transactions, Aptos also published educational resources and tutorials aimed at developers interested in building multichain applications leveraging the bridge.
The Stargate Aptos bridge was built on top of LayerZero, a leading cross-chain communication protocol.
In an announcement, Aptos noted that several ecosystem projects are already using the bridge, including decentralized exchanges such as PancakeSwap, Aries Markets, and Liquidswap, DeFi protocols Apten Labs and Thala Labs, and the Amnis liquid staking platform.
“In addition to collaborating with Aptos Foundation and LayerZero to enhance backend infrastructure and user experience, we are empowering builder freedom to create and users to scale secure DeFi dApps that transcend ecosystems,” said Gustas Baltramiejunas, Ecosystem Lead at Stargate Foundation.
Aptos Foundation, LayerZero, and Stargate said they will make further upgrades to the bridge to simplify its user experience in the coming months.
Aptos is a Layer 1 network facilitating high transaction volume owing to its use of the Move coding language and Aptos BFT consensus mechanism, claiming a maximum throughput of 160,000 transactions per second (TPS). In a recent appearance on the The Defiant Podcast, Avery Ching is the co-founder and CTO, said the protocol is aiming to achieve 1 million TPS.
The total value locked in Aptos-native DeFi protocols has surged in recent months, growing from $50 million in mid-October to $461 million today. Aptos ranks 18th among smart contract networks despite the meteoric growth.
The price of its APT token is also up 171% over the same period, last changing hands for $13.33, according to CoinGecko.
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