it feels like the aptos community is slowly but surely falling apart 👇
even the most dedicated believers are starting to realize that aptos operates like a state-run corporation - any change or imitative takes so long to happen that, by the time it does, it no longer has any impact
let’s not forget the paid articles from crypto media outlets pushing the narrative of "explosive tvl growth" pure lies, take
@EchoProtocol_, a top 3 tvl project—95% of its tvl is fake. no users. more detailed:
x.com/0xobsessed/status/1862…
btw, they deposited $200M in TVL on the first day of the launch. and after that, aptos will write & buy articles about their "explosive TVL growth" but honestly, would you trust 2000 BTC to a platform that launched just a day ago and has barely 1000 Twitter followers?
and the ecosystem? it’s all lending platforms, and even they barely function. projects like emojicoin or aptosarena die before they even get started
the reality of aptos projects:
one of the most promising projects on aptos
@Merkle_Trade has a market cap of $1.75m. yes, you read that right - a gamified perp dex with great ux and innovative ideas, theoretically capable of competing with other perps with billion valuations, is valued on par with an hour-old meme coin launched by a teenager on solana.
and let’s not even discuss its launch - it was a disaster
meanwhile, other ecosystems reward and incentivize their users far more effectively. some (s**) do this much better than aptos. we don’t even know what aptos plan is because there isn’t a single person communicating with the community.
no answers to questions, no feedback loops, nothing. they collect feedback, but apparently, replying is too much effort.
aptos is pouring all its energy into infrastructure and partnerships with institutions. if you want to build on aptos, think twice. you won’t find support, and by the time your app is ready, there might not even be a community to use it.
i’ve found some promising projects in codecollision, but i have a strong feeling they’ll either never launch or won’t last long - just like many projects before them that vanished or scammed users (e.g., martian’s infamous 1% transfer fee).
some partnership notes:
@tradeportxyz: there's already a highly functional wapal, but nft trading volumes are completely nonexistent
@rarible: check their weekly or daily volumes. if it totals $10, i'd be genuinely shocked. this was teased for months, but even at launch, it flopped - like their "free nft" with a 0.1 aptos fee
absurd
jump trade: couldn't even find a single on-chain transaction here. heavily manipulated metrics in twitter, and on top of that, it's built on polygon (lmao)
metapixel: shut down shortly after launch, replaced by MMO evergeen from midnight:
couldn't find anything related, but here is their play test
yes. this is the partnership they probably paid for
their chart down only(also no liquidity pool on aptos)
tldr:
aptos marketing is a disaster
and just to be clear, i’m not saying aptos is completely dead - not at all. there are still people interested in it and actively engaged (aptos collective, aptos after dark, and regular users interacting with the ecosystem).
personally, i’m tempted to call the aptos team sketch artists:
- they draw 51% "for the community," only to spend it on investments in firms like securitize and others, essentially enriching themselves (as my previous tweet shows, they don’t spend much on the actual community). on their two-year anniversary article, they claimed to have spent $150M on grants. do you actually believe that?
- they draw charts, tvl, and transaction metrics to make themselves richer (pulling in institutions that will use aptos ascend)
- they draw the price chart to shake off as many "extra passengers" as possible (including their community), again, to enrich themselves.
If you’re not making your community wealthier, you won’t have a community for long. there are already plenty of bad examples out there