Published
1 year ago on
November 03, 2022
Table of Contents
Source: https://aptoslabs.com/
The recent launch of the Aptos mainnet has caused more than a little excitement in the crypto community, and for good reason. In two financing rounds, the Layer 1 chain raised over $350 million in funding, giving it plenty of room to grow and build a quality platform. From the looks of it, this is exactly what the team has done, with some very impressive features. The chain can reach a theoretical 160,000 transactions per second, without compromising the ability to stay secure. The key to this incredible speed is threefold: Using the Move programming language, which is flexible, highly customizable, and efficient; exercising parallel transaction processing by using Block-STM Technology; and utilizing the BFT (Byzantine Fault Tolerant) consensus protocol, which is becoming a top choice for the new generation of L1’s.
Key competitors for Aptos are Solana, Avalanche, and Ethereum, all of whom have the advantage of time spent growing their ecosystems. That said, with Aptos’ four stage, incentivized testnet, developers and enthusiasts have been able to see how the system works, match up the advertised specs to reality, and have already started building. There are already some powerful Dapps available on the chain, and in this article we will look at the top four.
Source: https://www.kanalabs.io/
Kana Labs
The Kana Dapp, by comparison, is much more developed than Petra. This is in part because the Kana Dapp is cross-chan, and has been developed to work across Aptos, Solana, and Neon ecosystems. This is a strong value proposition for Kana and is what they base their features on. In the Dapp users have a single dashboard that includes their various wallets for multiple blockchains. Here a user can conduct a variety of actions including swapping, staking, along with various lend/borrow protocols. The chain interoperability allows for true multi-chain swaps instead of the slower and problematic practice of holding token collateral and issuing alternative tokens. This speeds of the process and provides a cleaner transaction. Users can also create multiple wallets (non-custodial), collect NFTs, participate in yield generation vaults, and access the platform via a web app extension if they wish. While this level of features packed into a single Dapp can create complexity, it still provides powerful functionality for users who are focused on a multi-chain experience.
Source: https://risewallet.io/
Rise
The Dapps on this list tend to focus on being either a very lightweight wallet or a “do it all” platform. Rise, however, focuses on one thing: Being the absolute best wallet possible. It doesn’t try to do everything, but does have a massive amount of subtle features that each help to make the wallet experience rich and intuitive at the same time. There was clearly a significant amount of user research performed to identify and fix the problems with a typical wallet experience. This is evident by the list of user-focused features, including: creating a profile picture from one of your NFTs; finding Aptos addresses by searching someone’s Aptos name, then verifying via their profile pic; 15 languages supported; infinite wallets; dynamic headers to more easily see transaction details or error messages; 24/7 live chat support (very rare in Web3); custom auto lock timer to set when a password is needed again; a “send” button that has a dropdown with your token list; customizable notifications; filters to set gas prices, max gas limits, or the transaction timeout trigger; and a very strong and seamless UI. The platform is a web app and extension, and allows users to send/receive tokens, swap, group NFT collections, and send NFTs.
Source: https://martianwallet.xyz/
Martian
Martian is another non-custodial wallet that focuses on lightweight, fast transactions that are secure. The Dapps calls itself the “most trusted wallet of Aptos”, and is currently set up as a web browser extension with an IOS app in development. The features of the Martian include the basics, such as: buying, storing, sending, and receiving tokens; swapping a variety of tokens; collecting, managing, and minting NFTs; staking APT and earning rewards; and receiving Web3 notifications directly in the Dapp. Though the features are somewhat light, the wallet’s documentation focuses heavily on developers, providing a comprehensive set of guidance on integrating the wallet into their Aptos Dapps.
Source: https://pontem.network/
Pontem Network
Last but not least, the Pontem Network is another Dapp that aims to provide a large number of features, in this case for both users and developers. The Pontem wallet is fairly basic, offering buy/sell/send/receive/swap features, NFT storing/buy/sell/minting, and APT staking. The Dapp also includes its Liquidswap DEX, and claims to be the first AMM for Aptos. Like several others on this list, Pontem is available as a web extension at the moment, with IOS / Android app plans in development. The key feature for this platform, however, is its general support for the Aptos ecosystem. It offers developers several critical tools that help to learn, test, and integrate the Aptos Move language. This includes its Move Code Playground, an editor and sandbox for the program; an Intellij Move IDE, helpful for integrating Move (and by extension, Aptos) into development projects; and the Move VM Transpiler, which helps to speed the translation from Solidity to Move via a bytecode translator. For projects wanting to develop on Aptos, Pontem is worth checking out.
Summing Up
The Aptos Ecosystem is big news, and as teams and users flock to it over the next few months, that hype will likely grow sharply. Though the chain is new, it has a solid foundation of Dapps who are veterans of blockchain themselves, have tested products throughout the crypto universe, and are excited about setting up shop on the chain that is built on the shoulders of giants.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
