One of the most anticipated events of 2022 was the launch of t | 9RD Analytics

One of the most anticipated events of 2022 was the launch of the Aptos mainnet. We didn't miss it either and decided to do our own analysis of the new blockchain. What did we find out?
A great deal of critical information. The most common negatives are:
- the number of transactions per second does not match the declared
- lack of transparency of the tokenomics
- almost all tokens are blocked by validators in staking
- lawsuit against Mo Shaikh

In addition, it appears that an attacker has interfered with the airdrop process and has misappropriated an estimated 6.3 million APT coins.

Still, we think Aptos has a promising future. Why? As we know, Aptos was created by former Meta employees who worked on the Diem blockchain. The assets of Diem were sold to Silvergate Capital holding company and its subsidiary is Silvergate Bank. What follows is very interesting. It turns out that this bank is a leading provider of services to institutional digital asset customers.
The bank's clients include:
- 94 crypto exchanges, including FTX, Coinbase, Binance, Gemini, Bitstamp;
- 830 institutional investors (hedge funds, venture capital funds, private equity funds, family offices and traditional asset managers);
- 381 large companies associated in one way or another with digital currencies.

One of the bank's flagship products is the Silvergate Exchange Network (SEN), which is actively used. It is Silvergate Bank's internal network that allows customers to send U.S. dollars 24 hours a day between their accounts and the accounts of other Silvergate customers.

Silvergate Bank's third-quarter 2022 performance:
- net income - $43.3 million;
- number of digital asset clients - 1,677;
- transfers to SEN - $112.6 billion;
- revenue from commissions for digital asset transactions - $7.9 million;
- average customer deposit associated with digital assets -$12 billion;

Silvergate Bank has identified a need from its customers for a regulated and scalable stabler backed by U.S. dollars to move funds seamlessly. And the bank intends to realize this opportunity using assets acquired from Diem. By combining blockchain technology and the Silvergate Exchange Network, the corporation plans to create a next-generation global payment system.

So Aptos blockchain is a payment system for mega crypto whales. And everything else is a byproduct, which may also produce profits in the future.
These are some interesting conclusions.

Disclamer: The information about Aptos and Silvergate is not financial advice and is given solely as an example to make it easier for you to absorb the information.
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