Industry
Aptos and Jump Crypto Launch "Shelby" to Power Real-Time Web3 Applications
The collaboration on a new decentralized storage network spurred a 10% rally in the APT token, aiming to enhance performance for high-throughput dApps.
June 25, 2025
Aptos Labs and Jump Crypto have launched Shelby, a decentralized storage network for Web3.
The APT token rallied 10% on the news, with trading volume surging over 200%.
Shelby aims to provide high-speed storage to support real-time decentralized applications.
Aptos Labs has partnered with Jump Crypto to introduce Shelby, a next-generation decentralized storage network. The initiative aims to solve performance lags for real-time Web3 applications in sectors like AI, streaming, and decentralized finance.
The announcement catalyzed a significant market reaction, with the price of Aptos (APT) jumping 10% to approximately $4.81. This surge was accompanied by a 215% increase in trading volume to $745 million, indicating strong investor interest.
Shelby is designed as a high-speed "hot storage" solution to support the growing demands of high-throughput protocols. The move signals a strategic focus on building foundational infrastructure to attract developers and expand the ecosystem for gaming, social media, and real-time financial systems.
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