Just recently, it has begun to gain traction against rivals such as Solana (SOL).

Aptos Network is gradually gaining popularity and adoption, and it has been called the "Solana killer" due to its potential to compete with Solana. However, in an odd turn of events, Solana also walked its way up to prominence by being branded a "Ethereum Killer."

Engineers that had previously worked on Diem, DiemBFTv4, lShark, Block-STM, Narwhal Tusk, and Novi contributed to the development of the Aptos network as well.

As a result, Aptos Network may be able to secure large finance from both genuine investors and institutional investors.

Midway through the month of July, the Aptos network announced that it had successfully raised $150 million in investment, with FTX Ventures and Jump Crypto taking the lead.

Apollo, Griffin Gaming Partners, Circle Ventures, and Franklin Templeton are among of the other leading blockchain organizations that are participating in the fundraising.

Increases in Aptos NFT Sales Contrasted with Decreases in Solana NFT Sales

Data from Coimarketcap indicates that the Aptos protocol has been on an upward trend over the previous few days. As a result, the value of the Aptos network native token, known as APT, saw a bullish action and increased by 27% over the course of the past week.

On Thursday morning at 10:17 UTC, the price of an APT token on the market was $9.26. This means that it increased by 2% in the previous twenty-four hours.

It is an indication that the positive news coming from Aptos Labs is having a favorable impact on the price of the APT token.

Since Aptos Labs was first introduced to the world, the APT token has seen tremendous amounts of forward movement. Because of this, it is now listed on well-known cryptocurrency exchanges including Binance, Digifinex, and Coinbase Exchanges, among others.

Aptos is known as the "Solana Killer" on the crypto social scene, which appears to be a moniker for the city. But recently, Aptos has seen an increase in sales, whereas Solana has not seen the same trend, and this is not the case for Solana.

To give just one example, the Topaz — Aptos NFT marketplace has generated more than $5 million in revenue since it was introduced on October 18. In addition to the most popular NFT collection at the moment, which has gathered $2.3 million in trading volume.

On the other hand, OpenSea's Cryptopunks NFT collection, which is now the company's best-selling NFT offering, has generated about $800,000 in sales over the course of the last 24 hours.

According to 0xclickbait, the founder of Topaz, the volume of transactions taking place in the NFT marketplace doubles every day. On the other hand, during the most recent thirty days, the volume of trades involving Solana NFTs fell by more than 33 percent.

However, there are other strategists who are of the opinion that the current low sales of Solana NFTs are merely transitory, and that the Solana network's NFT activity power will soon skyrocket.