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aptos blockchain

aptos Gas Stats

slow: 448720.63 octas

average: 648924.82 octas

fast: 2834244.43 octas

Aptos Updates

– Aptos is a Layer 1 Proof-of-State blockchain with the Move smart contract language, aiming for web3 adoption and real-world DApp solutions.

– It targets a transaction throughput of over 150,000 tps through parallel execution.

– Notable funding includes $200 million from Andreessen Horowitz in March 2022 and another $200 million in a Series A round in July.

– Binance Labs also made an undisclosed strategic investment.

– Aptos launched its mainnet on Oct. 18, 2022, following the genesis event on Oct. 12, 2022.

✅ On February 12, Aptos unlocked 4.5 million APT tokens, equivalent to around 0.45% of its total supply, worth approximately $62.5 million at the time.

The next scheduled token unlock for Aptos is on March 12, releasing another 4.5 million tokens.

Recent Developments and Updates (June 2024)

  1. Ecosystem Growth: Aptos continues to expand its ecosystem with numerous DApps and partnerships, contributing to increased network activity and user engagement.

  2. DeFi Expansion: Significant growth in decentralized finance (DeFi) projects on Aptos, including new protocols for lending, staking, and decentralized exchanges (DEXs).

  3. NFT Market: The NFT market on Aptos has seen substantial growth, with several high-profile collections and platforms launching on the network.

  4. Developer Tools: Released new developer tools and SDKs to facilitate easier integration and development of applications on the Aptos blockchain.

  5. Community Engagement: Strengthened community initiatives and events to drive developer engagement and user adoption.

  6. Performance Enhancements: Implemented upgrades to improve network scalability and transaction processing efficiency.

APTOS Gas Fee Calculator

Aptos Gas Fee Calculator

How It Works

The Aptos Gas Fee Calculator estimates the gas fees for a transaction based on the following inputs:

  • Instruction Gas: Gas cost based on the complexity of the transaction, including function calls and operations.
  • Storage Gas: Gas cost based on reading and writing data to global storage.
  • Payload Size: Gas cost based on the size of the transaction payload in bytes.

Example:

If a transaction has:

  • Instruction Gas: 100,000
  • Storage Gas: 500,000
  • Payload Size: 1,000 bytes

The estimated gas fee would be calculated as follows:

  1. Calculate the payload gas. Since 1,000 bytes exceeds the large transaction cutoff of 600 bytes, the additional gas for 400 bytes is 400 * 2000 = 800,000.
  2. Add instruction gas, storage gas, and payload gas: 100,000 + 500,000 + 1,500,000 + 800,000 = 2,900,000 internal gas units.
  3. Convert to external gas units by dividing by the scaling factor: 2,900,000 / 1,000,000 = 2.9.
  4. Multiply by the minimum gas price: 2.9 * 100 = 290 octas (or 0.000290 APT).
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