Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Aptos’ new user growth hits 900% after integration with social media app Chingari

CryptoExpert by CryptoExpert
July 20, 2023
in Blockchain News
0
Aptos’ new user growth hits 900% after integration with social media app Chingari
  • Facebook
  • Twitter
  • Pinterest


You might also like

Polymarket odds peg BTC’s July 20 pivot near $64K as support debate builds

Emirates NBD Launches Real-Time USD Blockchain Payments, Cutting Cross-Border Delays

Harvey Launches Legal AI ROI Calculator for Law Firms

The Aptos blockchain has seen a surge of activity following its integration with Chingari, an Indian social media platform previously powered by Solana. According to on-chain data, the number of new users jumped 900% over the previous month, up to nearly 90,000 onboarding on-chain daily. 

Chingari started migrating to Aptos on July 6, seeking an enhanced user experience following Solana’s network outages in 2022. “Solana’s network downtime posed challenges, compelling us to schedule many transactions […] rather than allowing them to be instant, to mitigate the risk of failed transactions,” Sumit Ghosh, co-founder and CEO of Chingari, told Cointelegraph.

According to Ghosh, the integration with Aptos has enabled instant on-chain features, such as virtual gifts, leading to a surge of new users in recent weeks. It also introduced Chingari’s new wallet, which allows users to earn tokens through engagement and content creation on the platform. The earned tokens can then be used to tip creators, boost content visibility, and purchase virtual gifts and nonfungible tokens.

Aptos network activity over the past 30 days. Source: Aptos Analytics

Apart from improved usability, Chingari’s growth relies on India’s 1.4 billion-person economy and the booming popularity of cryptocurrencies in the country. According to Chainalysis, India is at the forefront of crypto adoption in the South Asian region.

okex

As of July 14, Chingari accounted for 80% of all daily active users on the Aptos blockchain and 50% of all gas fees paid on the network, up more than 500% from the previous month. The number of transactions had also risen 150%, reaching almost 2 million daily. If it continues at this pace, the company anticipates it will surpass the lifetime total of StepN, the second-largest decentralized application (DApp) on Solana, in the coming days.

“If this growth continues, […] we project that Chingari will reach 1.25 million users by the end of July, which is 10x faster than on Solana, over 20 million on-chain users by the end of the first year, and a cumulative total of more than 200,000 APT paid as gas fees by the end of year one,” Ghosh estimated.

Aptos is not the only blockchain benefiting from DApps seeking better on-chain performance and usability across networks. Game publisher Mythical Games recently moved from Ethereum to the Polkadot ecosystem, citing Ethereum’s slow transaction speeds and high transaction costs.

Magazine: ‘Moral responsibility’ — Can blockchain really improve trust in AI?



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Ethereum
CryptoExpert

CryptoExpert

Recommended For You

Polymarket odds peg BTC’s July 20 pivot near $64K as support debate builds

by CryptoExpert
July 18, 2026
0
Bitcoin Above 56K by June 8: Odds Tilt Show Near-Term Upside

Weekend $62.5K “Support” Narrative Drives Polymarket’s BTC July 20 Strike Ladder Repricing Around $64K Polymarket’s “Bitcoin above ___ on July 20?” ladder is priced for BTC staying well...

Read more

Emirates NBD Launches Real-Time USD Blockchain Payments, Cutting Cross-Border Delays

by CryptoExpert
July 18, 2026
0
Emirates NBD Launches Real-Time USD Blockchain Payments, Cutting Cross-Border Delays

Instant Settlement via JPMorgan Dubai-based Emirates NBD has become one of the first financial institutions in the Middle East, North Africa and Türkiye (MENAT) region to launch real-time...

Read more

Harvey Launches Legal AI ROI Calculator for Law Firms

by CryptoExpert
July 17, 2026
0
AssemblyAI Introduces German STT and Enhances PII Detection

Ted Hisokawa Jul 17, 2026 20:16 Harvey's ROI Calculator estimates economic impact of legal AI adoption, projecting billable capacity and profit gains for law...

Read more

Injective Files SEC Transfer Agent Application for Onchain Securities

by CryptoExpert
July 17, 2026
0
Cointelegraph

Injective said Thursday it has filed a transfer agent registration with the US Securities and Exchange Commission, seeking to bring one of the core record-keeping functions of securities...

Read more

Solana Hits 300,000 RWA Holders as Ethereum’s $16.3 Billion Value Lead Starts to Slip – Bitcoin News

by CryptoExpert
July 17, 2026
0
Solana Hits 300,000 RWA Holders as Ethereum's $16.3 Billion Value Lead Starts to Slip – Bitcoin News

Key TakeawaysSolana RWA holders hit a record above 300,000 recently, ahead of Ethereum’s roughly 200,000, per RWA.xyz.Solana’s tokenized asset value doubled in 2026, from $1.4 billion in January...

Read more
Next Post
What Would Happen to Bitcoin If The US Debt Ceiling Cracks (Opinion)

US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 63,968.00
ethereum
Ethereum (ETH) $ 1,838.73
tether
Tether (USDT) $ 0.999292
bnb
BNB (BNB) $ 568.90
usd-coin
USDC (USDC) $ 0.999946
xrp
XRP (XRP) $ 1.08
solana
Solana (SOL) $ 74.54
tron
TRON (TRX) $ 0.32334
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?