There is currently a lot of hype around Aptos. I started to use this layer -1 chain a few months ago when it was only a testnet, and I am still using it now. However, the current market cap of APT looks insane compared with the Total Value Locked on Aptos blockchain. APT is overrated due to its potential. Let's see if it is worth it and how to use Aptos blockchain in order to maximize the rewards.

What is Aptos?

Aptos blockchain was created by former engineers from Libra, the famous Facebook crypto project that got aborted. It uses a programming language called Move, which would allow to create blockchain consensus more scalable and faster than the previous languages like Solidity. Another blockchain using Move is Sui. Aptos is supposed to be a Solana (SOL) killer, whereas Solana was supposed to be an Ethereum (ETH) killer. Some VC firms invested into Aptos the same way they had previously invested into Solana, and among them there were FTX and Alameda Research, what can raise some concerns regarding the future of APT token price.

Why has APT token price exploded since early January?

One of the reasons is the fact that due to the bear market the APT token price had decreased down to the price at which the VCs initially got it, and therefore anyone was able to buy it at the same price as VCs, what was perceived as an opportunity. As the crypto prices have continued to climb for a few weeks, APT token has surged, leading to some short squeezes among the shorters, what has accelerated the move towards new highs. This had led to the current situation where the fully diluted valuation of APT looks insane compared with most of the other layer-1 blockchains.

How to use Aptos blockchain and maximize the rewards?

Due to this hype, it might be not recommended to invest into APT token now. However, there are various lending protocols on Aptos which allow to lend stablecoins like USD to borrow APT and to stake APT through tAPT which can be reinvested into lending in order to borrow more APT and so on... This allows to leverage the potential of APT token without taking any risk related to the price of the token. However, there might be some risks linked to the lending protocol itself. Please Do Your Own Research by looking at Aptos lending protocols on DefiLlama and focus on the ones that look the safest.

Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.

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