8 months ago
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Aptos, a high-throughput Layer 1 blockchain network, has removed the daily transaction limit and reduced the processing time on its Stargate bridge.
We're excited to announce, following the proposal from the @Aptos Foundation, that bridging limits on TheAptosBridge have been removed! 🎉
Not only that, but we’re kickstarting the Aptos Campaign, filled with education, exploration and incentives 👀
Read on to find out more 🧵
— Stargate (@StargateFinance) March 7, 2024
According to the statement released by Stargate Finance, the decision was reached after careful review of the Aptos Foundation’s proposal, which was aimed at simplifying cross-chain interoperability.
“To help break down barriers navigating the DeFi landscape, StargateDAO is removing the daily transaction limit and reducing bridging time that previously hindered builders using the Aptos Bridge,” the foundation said in a blog post.
The move enables unlimited activity for users of the Stargate Aptos bridge, which was built on top of LayerZero, a cross-chain communication protocol. Alongside the removal of transaction limits, Aptos, in collaboration with LayerZero and Stargate, has started work on creating educational resources and tutorials to assist developers interested in building multi-chain applications leveraging the bridge.
Several ecosystem projects, including decentralized exchanges like PancakeSwap, Aries Markets, and Liquidswap, as well as DeFi protocols like Aptin Labs, Thala Labs, and Amnis Finance, are already utilizing the Stargate Aptos bridge, and are cited as part of the resource library project being built collaboratively by LayerZero, Aptos, and Stargate.
As a non-EVM blockchain, Aptos was the first Layer 1 protocol to be fully integrated with LayerZero, with the Move programming language enabling improved speed, latency, throughput, and reliability for its users.
Aptos’ native token, APT, remains relatively stable, ranking 28th across all cryptocurrencies by market capitalization with $4.7 billion. According to data from CoinGecko, the token has a circulating supply of 370 million. Data from DeFiLlama indicates that the total value locked (TVL) for Aptos is at $297.68 million.
The Aptos Foundation, LayerZero, and Stargate have also committed efforts for further upgrades to simplify the bridge’s user experience in the coming months, leveraging its use of the Move programming language and the Aptos BFT (Byzantine Fault Tolerance) consensus mechanism, which claims a maximum throughput of 160,000 transactions per second (TPS). Aptos co-founder and CTO Avery Ching recently gave public statements that the network is aiming to increase its capacity to handle 1 million transactions in a second.
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