A decline in gas fees must have helped APT register an increase in daily transactions. Aptos posted a Twitter thread on 23 May highlighting new network features and improvements in its latest update of Mover v1.3. The new features looked promising and could drive further adoption and growth for the blockchain in the coming months.
Deep dive into Aptos’ new features
Aptos’ latest Move v1.3 came with multiple new features that added much value to the network. For instance, with the update, developers can now access and manage heterogeneous assets using global storage independent of accounts.
Another update was related to the Multisig Account v2. Compared to the first multisig account design, the new account provides more robust functionalities.
The tweet also mentioned that Aptos’ inline functions accept lambda expressions as parameters. This allows developers to define popular higher-order functions in Move, improving readability and reducing overhead.
Network activity increases
The blockchain also mentioned that it was witnessing a decline in gas fees on its network. Around 90% of transactions on Aptos are seeing a tenfold reduction in gas fees, with execution gas usage being lowered by as much as 100 times.
Thanks to the reduction in gas fees, network activity on the blockchain was recovering again.
As per Artemis’ chart, after a steep dip, the number of daily transactions on APT was climbing up. The same trend was also followed by the number of daily active addresses, which looked optimistic.