Matt Hougan, the big cheese at Bitwise, is super impressed with Aptos, a Solana competitor. He’s been checking out a bunch of charts lately, and Aptos’ numbers really stand out.
Aptos is on Fire
Hougan shared some charts showing Aptos’ daily transactions and active addresses are going through the roof. He’s seeing some serious growth in the last few months.
Aptos is a new blockchain that launched last year, and it’s using a different technology than Solana. It’s been doing pretty well, even though it’s still down from its all-time high. But it’s been on a tear lately, gaining over 130% since August.
Base is Also Making Waves
Hougan also gave a shout-out to Base, a new Ethereum layer-2 launched by Coinbase. He’s not saying it’s dominating the market, but it’s definitely setting new records.
What’s Next for Crypto?
Hougan thinks the crypto market could be in for a wild ride in the last quarter of the year. He’s looking for a few things to happen:
- More Fed rate cuts:
Lower interest rates could boost the crypto market.
- A good election: A smooth election could help calm the markets.
- No big surprises: Crypto has a history of unexpected events, like hacks or locked coins hitting the market. If we can avoid those, we could see some big gains.
Overall, Hougan is feeling optimistic about crypto’s future. He thinks we could see some new all-time highs if things go well.
