Solana (SOL) Developers Plan to Migrate to This Layer 1 Network!

Aptos Labs Blockchain, by launching its mainnet, became the first company to promote Facebook among its subsidiary networks and test its multi-billion dollar valuation. Solana (SOL) developers have also started researching to switch to this developer-friendly network.

Solana Developers Investigate Moving to Aptos, Most Awaited Tier 1 Network

Solana developers are frustrated with their own network and are considering moving to Aptos, one of the most anticipated Tier 1 networks.

The main reason for this thought is that the code for the Aptos Blockchain is the Rust-based programming language that will also be used by Mysten Labs’ Sui Blockchain. move that it is written with.

However, although Aptos Labs has announced that it has implemented its network, it has not fully prepared the ecosystem.

Dozens of teams have yet to release the wallets, trading venues, and immutable token technology required for decentralized finance (DeFi). There won’t be much to do on Aptos until these hit the market.

The blockchain itself was up and running, completing the initial process on October 12. Despite this, the infrastructure turned out to be problematic and the network crashed multiple times. People working within Aptos also said that the rollout of the mainnet was rushed.

The much-talked blockchain first gained attention in March after raising $200 million in a funding round led by a16z.

Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs and PayPal Ventures Big investors such as

In July, Aptos made another investment move with the completion of a second funding round of $150 million led by FTX Ventures and Jump Crypto with the participation of Binance Labs.

The second round of funding raised the company’s value to $2 billion, which represents four times its previous value in six months.

*Not investment advice.