Aptos takes strides to enhance cross-chain interoperability by eliminating the daily transaction cap on its Stargate bridge.
The decision, announced on March 7, paves the way for unrestricted bridge activity, aiming to foster the growth of cross-chain DeFi protocols supporting Aptos. Alongside lifting transaction limits, Aptos has rolled out educational materials and guides for developers keen on building multi-chain applications using the bridge.
Exciting news in the world of DeFi: @LayerZero_Labs, @StargateFinance, and the Aptos Foundation are deepening its Aptos integration to help users more easily navigate DeFi on Aptos.
Together, we’re breaking down barriers to cross-chain interoperability by removing transaction… pic.twitter.com/ZDjq4jHadJ
— Aptos (@Aptos) March 7, 2024
The Stargate Aptos bridge operates on LayerZero, a prominent cross-chain communication protocol.
Aptos highlighted the adoption of the bridge by various ecosystem projects, including decentralized exchanges like PancakeSwap, Aries Markets, and Liquidswap, DeFi protocols Aptin Labs and Thala, and the Amnis Finance liquid staking platform.
Gustas Baltramiejunas, Ecosystem Lead at Stargate Foundation, emphasized the collaborative efforts with Aptos Foundation and LayerZero to enhance backend infrastructure and user experience, empowering developers and users to scale secure DeFi applications across ecosystems.
Further enhancements to the bridge are planned by Aptos Foundation, LayerZero, and Stargate to streamline user experience in the coming months.
Aptos, operating as a Layer 1 network, achieves high transaction throughput utilizing the Move coding language and Aptos BFT consensus mechanism, boasting a maximum throughput of 160,000 transactions per second (TPS). Avery Ching, the co-founder and CTO, expressed the protocol’s ambition to reach 1 million TPS.
The total value locked in Aptos-native DeFi protocols has witnessed significant growth, surging from $50 million in mid-October to $461 million presently. Despite this rapid expansion, Aptos ranks 18th among smart contract networks.
The price of the APT token has also soared by 171% during the same period, trading at $13.33 according to CoinGecko.
