Aptos Labs said on Oct. 6 that it has introduced MonoMove, which it described as the largest proposed upgrade in the history of the Aptos blockchain’s execution engine. According to the company, internal testing showed the new engine can run smart contracts at up to 55 times the speed of the current system, placing its performance among the fastest seen in production blockchains. Aptos Labs also shared application-level results from Decibel, a fully onchain trading platform incubated by the company. In those tests, collateral withdrawals were up to 55 times faster than under the existing engine, while order placement was up to 22 times faster. The company said smart contracts are the software that execute functions such as trade matching, collateral transfers and payment processing once preset conditions are met. Because onchain financial activity ultimately depends on smart contract execution, the speed of the execution engine directly affects how much activity a blockchain network can handle.
BlockBeats reported on Oct. 6 that Aptos Labs has introduced MonoMove, describing it as the largest proposed upgrade in the history of the Aptos blockchain’s execution engine.
The company said internal tests showed the new engine can run smart contracts at up to 55 times the speed of the current system. Aptos Labs added that the engine’s performance now ranks among the fastest levels seen in production blockchains.
Results shared from Decibel
Aptos Labs also disclosed performance figures from Decibel, a fully onchain trading platform incubated by the company. On that platform, collateral withdrawals were up to 55 times faster than with the existing engine, while order placement was up to 22 times faster.
Why execution speed matters
According to Aptos Labs, smart contracts are software programs that run on a blockchain and automatically carry out functions such as trade matching, collateral transfers and payment processing once specific conditions are met. Because onchain financial activity ultimately relies on smart contracts, the speed of the engine that executes them directly affects the scale of activity a blockchain network can support.
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