Aptos, a blockchain created by former Meta employees, debuted on Binance this week and soared to $100 before plunging to around $8.
The project has been called the “Solana killer” due to its claims of being able to process an incredible 130,000 transactions per second (tps).
As of writing, Aptos is processing around 24tps. This has led to many within the crypto community saying that Aptos’ performance claims are misleading.
Aptos co-founder Mo Shaikh has...