APT Surges Following Partnership Announcement with Microsoft AI Technology; Coinbase's L2 Network, Base, Launches Mainnet

Daily Top Performer — Aptos Network (APT)



The SPX index was down 0.70% due to weakness in chip stocks and worries over upstick in upcoming inflation print. The broader cryptocurrency market was down, with Bitcoin and Ether dropping 1.63% and 0.63% respectively, in the past 24 hours. 





Today's outperformer is APT, which surged 15% in the past 24 hours after Aptos Labs announced a collaboration with Microsoft Azure OpenAI Service.



Launched on October 2022, Aptos Network (APT) is a Layer 1 blockchain using the Move programming language, created with a focus on scalability, reliability, security, and usability. The Aptos blockchain is developed by Facebook’s Diem creators. Utilizing features like a parallel execution engine and offering high-level security with low transaction costs, Aptos aims to fulfill Diem's original goals. Aptos Labs is offering a chatbot called Aptos Assistant which provide resources to developers who are building smart contracts and dapps. Additionally, they will explore blockchain-based financial products and run validator nodes on Microsoft Azure for increased security.



Check Out the Latest Prices, Charts, and Data of APTUSDT!



Talk of the Town:





Coinbase has launched the mainnet for Base, its Ethereum Layer-2 network, with an aim to encourage the development of decentralized apps (dapps). The launch, part of a month-long event called Onchain Summer, has already attracted over $142 million in total value locked in the ecosystem. Unlike other layer-2 networks, Coinbase will not introduce any native tokens to Base, focusing instead on supporting network-native developers. Over 100 dapps will be available with Base's launch. The decision not to issue a token may also help Coinbase avoid additional regulatory scrutiny, as the company is currently facing legal pressure from the Securities and Exchange Commission.