Behind the surge of Aptos, a feast of support from the "Korean power"

Written by: Deep Tide TechFlow

Undoubtedly, Aptos is the brightest star in the crypto world this winter, soaring from $4 to $20 in just 20 days, waking up every day to the rise of APT.

As a hindsight analyst, I always like to question and analyze the reasons why, after losing the important support of FTX, Aptos is still so vigorous?

I would tend to give one answer, this is a performance driven by the "Korean power."

On January 26, APT's trading volume on the Korean exchange Upbit exceeded $1 billion, which is four times that of Binance's spot trading volume, and the KRW spot trading pairs have a significant premium.

So, what exactly has Aptos done in the Korean market?

From the candlestick chart, APT's surge has a clear starting point, January 9, an important day when the Korea Xangle Blockchain Foundation Week opened, and the only protagonist and theme of the day was Aptos.

According to participants on-site, the presentation by Aptos staff received very positive feedback, and the Aptos team clearly stated, "We are very interested in the Korean market."

After the collapse of Terra, there was a vacuum in the local Korean crypto market that needed a new protagonist, and Aptos seized the opportunity to enter the Korean market.

A detail shows Aptos's emphasis on the Korean market.

In the past, a large overseas project often only provided an English version of the white paper, with translations into languages like Chinese being community-driven, while Aptos simultaneously released a Korean version of the white paper on its official website, the only language besides English, expressing sincerity towards the Korean market.

In addition, Aptos plans to launch the global tour hackathon Aptos World Tour Hackathon in 2023, covering four cities, with the first stop in Seoul from February 1 to February 3.

As an external public chain, gaining a foothold in the Korean market also requires support from local forces, and for this, Aptos has formed solid partnerships in Korea.

For example, the Aptos Seoul hackathon is co-hosted with a number of Korean crypto VCs and companies such as Hashed, HYBE, IRONGREY, and NPIXEL.

Companies like Hashed, Hive, and YG are investors in Aptos, while Korean blockchain companies like a41, Despread, and DSRV are participating as network validators.

In November last year, Aptos signed a partnership with the Korean gaming company Npixel, and both parties decided to jointly build a Web 3.0 game called METAPIXEL.

Gaming is also one of the important reasons for Aptos's choice of the Korean market. Korea has many gaming companies with mature experience, and as soon as a hit game appears, it can invigorate the Aptos network.

Moreover, Korea also has the developers that Aptos needs.

In the past, the local public chain Terra mainly used the Rust language, and Solana also uses Rust. The Move language, which shares the same roots, is naturally compatible with developers from DApps on Terra, Solana, and Cosmos. In particular, there are many Terra Core developers in Korea, and now Aptos provides them with a new option.

After the crises of FTX and DCG, the Western crypto market inevitably suffered heavy blows, and at this time, the Asia-Pacific market has once again become a new growth point. Among them, the Korean market's high purchasing power, frenzied speculative atmosphere, numerous developers, relatively friendly policies, and a developed entertainment industry such as gaming… make it a crypto hub in the Asia-Pacific region.

What other important offline events are there in Korea in 2023? Based on currently known information, a simple summary has been made.