FTX, a16z-Backed Aptos Blockchain Off to a Rocky Start

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FTX, a16z-Backed Aptos Blockchain Off to a Rocky Start
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Aptos is off to a rocky start as the Solana-killer fails to meet expectations. Can it gain the trust of investors? thesamreynolds reports.

during the past month. Ethereum 2.0, when complete, will have a theoretical ceiling of 100,000 TPS.

Venture Capital has been enthusiastically looking for this nirvana, and hundreds of millions have been deployed to build out faster blockchains.on its commitment to Solana, investing in fixing the backend infrastructure of the once-hot protocol that has suffered from a number of high-profile breakdowns during the last year.Trust From Investors

But Ethereum, despite its sluggishness, still has the trust of investors with 58% of the total value locked in DeFi on that protocolAfter Tron and Binance’s BNB Smart Chain, which has 10.2% and 9.9% respectively, the rest of the TVL is split between protocols that have 1-2% at most, like Solana, which has 1.72%.

Part of this long-tail distribution likely comes from the skepticism about the integrity of platforms.

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