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Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• The anticipated launch of the Move-based L1 chains Aptos and Sui has captured significant market attention in 2022, partly due to curiosity over the expected performance enhancements and novel user experiences enabled by the MoveVM
• After an initially chaotic token and mainnet launch stemming from a lack of clarity over APT tokenomics, the Aptos ecosystem is now well underway in terms of building out the core DeFi products necessary for enabling capital flexibility and user growth
• In just a short period of time after launch, a few key pieces of infrastructure have already enabled capital to flow freely into the ecosystem, at the same time revealing some of the unique challenges that will need to be addressed in order to facilitate user and developer migration from EVM chains

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