Aptos Unlocks $66M, Tapswap Launches on BNB, Arbitrum Surpasses $2B TVL

Aptos, Tapswap, and Arbitrum are among the cryptocurrencies to watch this week, each with its unique developments and market dynamics.

Aptos (APT), a popular layer-2 network, will be in focus as it continues its token unlocks on Monday. The network will unlock tokens worth $66 million or 1.98% of the float, adding to the 44% of the 1 billion APT tokens already unlocked. Despite the ongoing token unlocks, APT's price has been on a downward trajectory, dropping to a low of $4.46 last week, its lowest level since August 5, and 71% below its highest level in December. However, the token has formed a double-bottom pattern, which could signal a potential reversal in its price trend.

Tapswap, a tap-to-earn game, is set to launch on the BNB Chain, which is faster, scalable, and has millions of users. The developers have been working on a skills game to give the TAPS token more utility and have launched a competition with a $1 million prize pool. These efforts aim to ensure the TAPS token's long-term success, unlike other tap-to-earn tokens like Notcoin (NOT), Hamster Kombat (HMSTR), and Catizen (CATI) that have crashed after their airdrop.

Arbitrum, a layer-2 scaling solution for Ethereum, has been making headlines for its recent developments. The network has seen an increase in total value locked (TVL) and user activity, indicating growing adoption and interest in the platform. Arbitrum's TVL has surpassed $2 billion, and its daily active users have reached over 100,000. These developments suggest that Arbitrum is well-positioned to continue its growth and compete with other layer-2 solutions in the market.