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Aptos Introduces Move Analyzer Plugin for Visual Studio Code

by Blockchain NewsSeptember 18, 2023

Aptos Network announced the release of its new plugin, the “Aptos Move Analyzer,” for Microsoft Visual Studio Code (VS Code) on 16th September 2023. This plugin aims to enhance the development experience for users of the Move programming language.

The Aptos Move Analyzer plugin is now available on the Visual Studio Code platform, offering developers a more efficient and user-friendly environment. The plugin is designed to supercharge Move development, providing features such as “Go to Definition,” “Go to Type Definition,” “Hover,” “Autocomplete,” and comprehensive identifier support for error-free coding. Additionally, it allows users to manage multiple Move.toml files seamlessly in their workspace.

The plugin was developed based on contributions from MoveBit, a recipient of the Aptos Foundation’s Ecosystem Grant. Aptos acknowledged MoveBit’s significant role in the development of tools that benefit the entire ecosystem.

The plugin is available for download on the Visual Studio Marketplace. It operates via two main components: the extension itself and the aptos-move-analyzer language server. The language server, a Rust program, can be installed either through Rust’s package manager, Cargo, or manually by cloning the Move repository. The plugin is compatible with Visual Studio Code application version 1.55.2 or greater.

For users facing issues with the plugin, especially regarding the language server’s location, Aptos has provided detailed troubleshooting steps. If these steps don’t resolve the issue, users are encouraged to report a GitHub issue to the Move repository for assistance.

The changelog for the aptos-move-analyzer plugin reveals recent updates, including the addition of inlay hints to variables, parameters, and statements on 25th July 2023. Earlier on 21st July 2023, the plugin received enhancements such as semantic analysis for the Move language and Aptos Move, integration of common Aptos development commands, and support for parallel development of multiple projects.

The introduction of the Aptos Move Analyzer plugin for Visual Studio Code marks a significant step forward for developers working with the Move programming language. With the collaboration of MoveBit and the support of the Aptos Foundation, the plugin promises to offer a robust set of features that will streamline the development process and foster a more efficient coding environment.

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This Week Unlocks: ApeCoin Surpasses $50M, Aptos Exceeds $20M; Moonbeam, Flow, and Lido in Queue

by Blockchain NewsSeptember 11, 2023

Data from Token Unlocks indicates that six cryptocurrency projects are set to release a significant number of tokens this week. Among these, ApeCoin (APE) and Aptos (APT) are poised for substantial unlocks.

On September 11 at 08:00 (UTC), Moonbeam will release 9.7 million GLMR tokens, valued at approximately $1.74 million. This constitutes about 1.34% of its circulating supply.

Following closely, on September 12 at 08:00, Aptos is set to unlock 4.54 million APT tokens. With an estimated value of $23.85 million, this represents nearly 2% of its circulating supply.

On September 13 at 11:33, Lido will make available 1.5 million LDO tokens, amounting to a value of roughly $2.22 million, which is about 0.17% of its circulating supply.

Euler, on September 14 at 07:17, will release 150,000 EUL tokens. These tokens are valued at approximately $400,000, making up 0.83% of its circulating supply.

On September 16 at 08:00, Flow is set to unlock 7.29 million FLOW tokens. With a valuation of around $3.09 million, this represents 0.70% of its circulating supply.

Lastly, on September 17 at 08:00, ApeCoin will unlock a staggering 40.6 million APE tokens. Valued at an estimated $51.6 million, this constitutes a significant 11.02% of its circulating supply.

This week, significant token unlocks are set to impact the crypto market. “Unlocking” in the cryptocurrency world refers to the release of tokens that were previously locked or restricted from being sold or transferred. Such restrictions are often set during initial offerings or as part of vesting agreements to stabilize token prices and incentivize long-term holding. These unlocks can influence market dynamics, as a sudden increase in available tokens might affect supply and demand.

About ApeCoin ($APE)

ApeCoin, an ERC-20 governance and utility token, operates within the APE Ecosystem, promoting decentralized community building in web3. Governed by the ApeCoin DAO, holders decide the utilization of the ApeCoin DAO Ecosystem Fund. The APE Foundation, inspired by Yuga Labs’ Bored Ape Yacht Club, oversees the APE Ecosystem, with an administrative council executing DAO decisions. Unique for its governance capabilities, ApeCoin facilitates participation in the DAO and offers exclusive ecosystem access. With a fixed supply of 1 billion tokens, 30.25% were in circulation as of March 17, 2022, set to increase over 48 months.

About Aptos

Aptos, a Layer 1 Proof-of-Stake blockchain, utilizes the Move programming language, designed by Meta’s Diem engineers. Aiming for mainstream web3 adoption, it supports DApps addressing real-world issues and boasts a potential 150,000 tps via parallel execution. After securing $350 million in funding from notable investors like a16z, FTX Ventures, and Binance Labs, its valuation reached $4 billion by September 2022. Aptos’s mainnet launched in October 2022. The native currency, APT, has a total supply of 1 billion, with a current circulation of 130 million. Distribution includes allocations for community growth, core contributors, and investors, with specific vesting schedules.

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Tagged : APECOIN / APTOS / Flow / Lido / Moonbeam / News / UNLOCKS

SushiSwap Expands to Aptos Network Ahead of Over $20 Million APT Unlocking Tomorrow

by Blockchain NewsSeptember 11, 2023

Decentrallized Exchange Sushi has announced its expansion to Aptos. Currently, SushiSwap is deployed on Ethereum, BNB Chain, Fantom, Arbitrum, and Polygon (MATIC). This move is noteworthy as it represents Sushi’s inaugural venture onto a non-Ethereum Virtual Machine (EVM) chain. It is worth noting that the news comes as Aptos will unlock tokens valued at over $20 million tomorrow.

Aptos, a Layer 1 blockchain, is designed with an emphasis on user experience and secure development. Its infrastructure, coupled with the Move programming language, offers developers a robust platform to craft web3 applications tailored to current consumer demands. The Move language, specifically tailored for smart contracts, facilitates the creation of applications in a manner that is efficient, secure, and straightforward.

This collaboration between Sushi and Aptos, aptly termed as “Move-ing” up to a superior Cross-Chain DEXperience, sees Sushi leveraging the capabilities of Aptos’s Move programming language. As a starting point, Sushi will introduce its version 2 Automated Market Maker (AMM). This integration is anticipated to not only provide deeper liquidity across major blockchain networks but also to enhance the cross-chain trading experience substantially.

About Aptos

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain, distinguished by its unique smart contract programming language, Move, developed by Meta’s Diem blockchain engineers. Envisioned to propel mainstream adoption of web3, Aptos aims to empower a diverse ecosystem of DApps addressing real-world user challenges. Boasting a potential transaction throughput exceeding 150,000 tps via parallel execution, Aptos has garnered significant financial backing. In 2022, it secured $200 million in a seed round led by Andreessen Horowitz, followed by a $150 million Series A round. Binance Labs’ strategic investment later elevated its valuation to $4 billion. Aptos was co-founded by Mo Shaikh and Avery Ching, both ex-Meta employees with significant blockchain expertise. Aptos’s uniqueness lies in its high transaction speed, parallel execution engine, and the Move programming language, offering a more efficient alternative to Ethereum‘s Solidity. The Aptos blockchain’s native currency, APT, has a circulating supply of 130 million out of an initial 1 billion.

About SushiSwap

SushiSwap (SUSHI) is a decentralized automated market maker (AMM) launched in September 2020 as a fork of the renowned Uniswap. Designed to enhance the AMM market, SushiSwap introduces features absent in Uniswap, including augmented rewards for its community through its native token, SUSHI. The platform was initiated by the enigmatic Chef Nomi, with other pseudonymous co-founders being sushiswap and 0xMaki. SushiSwap’s uniqueness lies in its AMM system, which eliminates traditional order books, addressing liquidity challenges faced by conventional decentralized exchanges. It charges a 0.3% fee on transactions in its liquidity pools, distributing a portion of these fees to SUSHI token holders, who also gain governance rights. SUSHI tokens are generated at 100 tokens per block. With no premine, its supply began from zero and is expected to reach approximately 326 million by September 2021.

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Tagged : APT / APTOS / News / Sushi / SushiSwap / Unlocking

PancakeSwap Proposes to Deploy Mainnet on Aptos Blockchain

by Blockchain NewsOctober 21, 2022

Developers of the decentralized exchange, PancakeSwap, on October 20, proposed its deployment to the Aptos blockchain due to the chain’s innovative and technical capabilities.

The proposal read, “After careful analysis, we are proposing to deploy on Aptos.” Currently, PancakeSwap is based on the BNB chain with a daily volume of about $47 million. However, the protocol developer wants to try a new move by migrating to Aptos.

Citing the proposal, PancakeSwap chose to deploy to the Aptos chain because it is a next-generation Layer 1 with low transaction costs, high transaction throughput, and fast transaction speeds. And in addition, the Aptos team has worked on multiple crypto products, specifically in the web3 industry.

Also, Aptos has a “vibrant developer ecosystem” with many protocols in the pipeline. The developers stated in the proposal that a “large proportion of its ecosystem is suitable for PancakeSwap partnerships and products.” Finally, the developers added that PancakeSwap had developed a strong relationship with the Aptos team.

If the community passes the proposal, PancakeSwap will be deployed with four main features, including swaps, farms, pools, and initial farm offerings on Aptos by Q4 2022. As the developers stated in the proposal, this move will be made quickly so PancakeSwap can establish itself as the leading DEX on Aptos.

Additionally, the PancakeSwap native token, $CAKE, will also be natively available on the Aptos blockchain, making it the first time $CAKE will be natively available on other chains. A vote for the proposal will commence on the platform today.

Founded by former Meta employees Mo Shaikh and Avery Ching, Aptos blockchain is one of the latest L1 mainnet in the industry. Following its mainnet launch four days ago, it distributed 20 million Aptos ($APT) tokens as an airdrop to its early testnet users.

This, including the blockchain’s proclaimed capabilities of processing 130,000 transactions per second (TPS), has made the network gain so much traction since its launch.

However, it’s worth noting the Aptos mainnet is only handling about 16 TPS at the time of writing, though it’s notably higher than the 4 TPS it started with on the day of its mainnet launch.

Prior to its mainnet launch, Aptos Labs raised a total of $150 million in July to support further development of its programming language, as well as expand its team further and continue developing ecosystem funds designed to attract developers and grow its community.

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Tagged : APTOS / Blockchain / DeFi / News / Pancakeswap

Meta Alumni Owned Layer-1 Protocol Aptos Raises $200m from a16z

by Blockchain NewsMarch 16, 2022

Former Meta Platforms Inc staff, led by Mo Shaikh, have raised $200 million in a strategic funding round for its new startup Aptos, a layer-1 blockchain protocol looks to continue the innovative work that was being done of the Libra/Diem project.

The funding round was led by Andreessen Horowitz (a16z) with participation from Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures, among others. It is worthy of note to mention that Aptos is also backed by Silvergate Capital, the leading bank for innovative businesses in fintech and cryptocurrency known to acquire the Diem project from the Libra Association earlier this year.

While the Aptos team is notably building the protocol based on the Open Source provisions of the Diem blockchain, none of the Diem IP addresses now being controlled by Silvergate Bank will be used as promised.

“We are the original creators, researchers, designers, and builders of Diem, the blockchain that was first built to serve this purpose. While the world never got to see what we built, our work is far from over,” Aptos CEO Mo Shaikh wrote in a blog post last month.

The funding news was accompanied by the launch of the blockchain’s Devnet, which will allow developers to test out the capabilities of the new protocol. While its work has not yet gone mainstream, the Aptos core developers said companies like “Anchorage, Binance, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible, and Streaming Fast, are already engaging with the startup, providing feedback and contributing codes on devnet,” according to the TechCrunch report.

Billed to compete with the likes of Ethereum and Solana for most of the innovative products it is heralding, the core goal that investors use to identify with Aptos is likely hinged on its plans to build a protocol that will model the scalability and widespread nature of the rebranded Facebook-backed Diem payments network.

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Tagged : A16Z / APTOS / Diem / Finance / Meta Platforms