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Aptos (APT) is showing bullish momentum as the blockchain network makes significant strides in the privacy and decentralized finance (DeFi) sectors.
The recent integration of the privacy platform Nillion and the launch of Merkle Trade’s token generation event (TGE) sequence is boosting investor confidence.
With APT’s price holding steady at $7.15 and showing notable growth over the past year, these developments could further drive its market performance.
Aptos integrates Nillion for enhanced privacy
In a groundbreaking move, Aptos has integrated with Nillion, a privacy platform renowned for its advanced technologies.
Aptos is the first non-EVM project to integrate with @NillionNetwork ✨ The integration combines next-level privacy features like Blind Computation with the advantages of Move—empowering devs to build secure, privacy-first apps in DeFi, gaming & beyond. The power of Nillion +…
Nillion, founded in 2021, specializes in “blind computation” using multiparty computation (MPC) and fully homomorphic encryption (FHE) to ensure data privacy.
This integration will enable Aptos to support a range of privacy-preserving applications, including confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming, and collectibles.
The integration comes at a crucial time, as privacy concerns have intensified following the arrest of Telegram CEO Pavel Durov in France.
Nillion’s technology is poised to address these concerns by decentralizing trust and ensuring that user interactions with Aptos-customized AI models remain completely private.
This move not only enhances Aptos’s offerings but also positions it as a leader in privacy-focused blockchain solutions.
Aptos-based Merkle Trade has launched its TGE
Earlier today, Merkle Trade, a gamified perpetual futures decentralized exchange on the Aptos blockchain, launched its TGE sequence, featuring dual rewards for participants.
The TGE includes Genesis Staking and a Liquidity Bootstrapping Auction (LBA), both designed to attract and reward early adopters and participants.
A huge milestone for @Merkle_Trade, which harnesses the technical advantages of Aptos 💪 Its innovative use of Aptos’ fast finality, Move language security, and enhanced UX is what makes Merkle a successful Perp Dex.
Genesis Staking allows existing preMKL holders to stake their tokens and earn USDC rewards while accessing a special reward pool. Since its launch on July 25, over 3 million preMKL tokens have been staked.
The LBA provides an opportunity for both early supporters and newcomers to engage with the network by depositing USDC and/or preMKL tokens to determine the initial launch price of the MKL token.
Participants in the LBA will receive MKL-USDC LP tokens, which entitle them to a share of 1% of the total MKL supply and trading fees from the pool.
The LBA, running for 7 days, is a crucial component of Merkle Trade’s strategy to establish itself as a leading decentralized hub for leveraged trading.
With $2.1 million in funding support from prominent investors such as Hashed and Arrington Capital, Merkle Trade aims to become a leading decentralized hub for leveraged trading.
APT price movement
Amid these developments, Aptos’s price is currently fluctuating between $6.62 and $7.14 over the past 24 hours.
The token price has experienced a 6.1% increase in the past month and a substantial 27.1% rise over the past year.
The integration of Aptos with Nillion and the launch of Merkle Trade’s TGE sequence are set to drive further interest and growth in APT, solidifying its position as a prominent player in the cryptocurrency space.
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