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
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
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

MAKE Group Bridge Connects Casper Protocol to $32B RWAs

Circle Ends USDC and CCTP V1 Support on Noble by Jan 2027

Arya.ag Tests Tokenized Grain Ownership Records on Avalanche

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

MAKE Group Bridge Connects Casper Protocol to $32B RWAs

by CryptoExpert
September 11, 2026
0
MAKE Group Bridge Connects Casper Protocol to $32B RWAs

Key TakeawaysMAKE Group launched a cross-chain bridging protocol on Casper to transfer regulated assets across EVM networks.The system preserves ERC-3643 rules for over $32 billion in tokenized real-world...

Read more

Circle Ends USDC and CCTP V1 Support on Noble by Jan 2027

by CryptoExpert
September 10, 2026
0
Circle Introduces Gasless Transactions on Solana via Fee Payers

Ted Hisokawa Sep 10, 2026 17:44 Circle will discontinue USDC and CCTP V1 support on Noble, urging users to migrate before January 12, 2027....

Read more

Arya.ag Tests Tokenized Grain Ownership Records on Avalanche

by CryptoExpert
September 10, 2026
0
Cointelegraph

Indian agricultural warehousing and lending company Arya.ag is testing a system to tokenize warehouse receipts for stored grain on a dedicated Avalanche layer-1 blockchain. Arya.ag is working with Finternet...

Read more

NVIDIA (NVDA) Plans 2-Gigawatt AI Expansion in Australia by 2027

by CryptoExpert
September 10, 2026
0
Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position

Iris Coleman Sep 10, 2026 00:37 NVIDIA partners with key Australian firms to build AI infrastructure with a 2-gigawatt capacity by 2027, boosting AI...

Read more

Ethereum (ETH) AMA Set for Sept. 16: Glamsterdam, zkEVM in Focus

by CryptoExpert
September 9, 2026
0
Ethereum Foundation Targets Post-Quantum L1 by 2029

Jessie A Ellis Sep 09, 2026 16:07 Ethereum Foundation's Reddit AMA on Sept. 16 to address Glamsterdam, zkEVM, post-quantum roadmap, and more amid $2,490...

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

© 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) $ 77,220.00
ethereum
Ethereum (ETH) $ 2,465.87
tether
Tether (USDT) $ 0.999584
bnb
BNB (BNB) $ 714.69
xrp
XRP (XRP) $ 1.35
usd-coin
USDC (USDC) $ 0.999952
solana
Solana (SOL) $ 99.70
tron
TRON (TRX) $ 0.338718
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

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