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The U.S. equities fell slightly last Friday, with the broader cryptocurrency rebounding over the weekend. The top mover for today is APT, which surged more than 6.35% in the past 24 hours after announcing the new technology Shoal.
Aptos Labs, the team behind Aptos Network, announced latency-cutting technology Shoal. The team commented that the fastest protocol Bullshark achieves high TPS at the sacrifice of latency. Shoal is invented to address this problem by running multiple instances sequentially. By integrating Shoal with Bullshark, it could successfully reduce latency by 40% in failure-free executions. APT dropped to its record low in June following the airdrop in October last year. Now may have presented investors with an excellent opportunity to buy the dip.
Check Out the Latest Prices, Charts, and Data of APT/USDT Here!
Frax Finance announced the launch of its own layer-2 blockchain, Fraxchain, by the end of 2023. Frax Finance was known for its FRAX stablecoin before launching its liquid staking token frxETH. The protocol rode the wave of exponential growth of ETH-related liquid staking on the heels of the Shapella upgrade. As one of the blue-chip DeFi protocols, the team has continued to seek new growth opportunities in the face of legal uncertainties facing the broader crypto industry at the moment.