- Aptos surged 12% after unveiling Shelby, a decentralized hot storage network developed with Jump Crypto to enable streamable, monetizable, and on-demand data for Web3 applications.
- With bullish momentum building, APT now eyes a breakout above key resistance levels, potentially targeting the $6.15 mark.
Aptos (APT) surged 12% on Tuesday following the announcement of its new decentralized hot storage network, Shelby. Developed in collaboration with Jump Crypto, Shelby is set to revolutionize data infrastructure in the blockchain space, positioning itself as a key innovation in Web3 cloud storage.
Shelby: Unlocking Next-Gen Decentralized Storage
According to Aptos Labs, Shelby is designed to break the traditional “cold data” model by introducing a streamable, monetizable, and composable data system. Unlike conventional cloud storage, Shelby allows data to be served on demand, transforming static content into dynamic, high-performance assets suitable for AI inference, content streaming, and next-generation applications.
Shelby is evolving the digital economy. It breaks the cold data model—making stored content streamable, priceable, and composable in real time,
Aptos Labs shared on X.
Built as a decentralized, cost-competitive system, Shelby integrates a specialized fiber network, an auditing protocol, and a novel encoding scheme to ensure speed and ownership control. It also rewards nodes for delivering data, creating a self-sustaining ecosystem that promotes growth and innovation.
Aptos Labs likens this model to Web2’s scaling engine, with Shelby aiming to provide similar traction for Web3.
Though Shelby is launching with Aptos as its early settlement layer, the system is designed to be chain-agnostic, offering interoperability with other blockchains.
In addition to Jump Crypto, Aptos also acknowledged support from Metaplex, an NFT infrastructure provider, and Story Protocol, known for its work in decentralized intellectual property (IP) management.
APT Price Action Signals Bullish Breakout
Following the announcement, APT’s price shot up from a low of $3.76—its lowest level since January 2023, to test the upper boundary of a descending price channel. The rally has brought APT close to flipping its 50-day Exponential Moving Average (EMA) and 100-day Simple Moving Average (SMA), two key technical indicators that could determine future price action.
Currently hovering near the $5.73 resistance zone, a successful breakout could set the stage for a push toward $6.15. On the downside, a failed breakout might lead to a retest of the $3.76 support level.
Momentum indicators, including the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch), have both moved above neutral territory, reinforcing the bullish narrative.
With Shelby, Aptos is not just introducing a new storage protocol—it’s positioning itself at the forefront of decentralized internet infrastructure. As data demands increase and Web3 applications become more complex, Shelby could offer a powerful backbone for a truly decentralized digital economy. Meanwhile, APT’s price action suggests that investors are paying close attention to the blockchain’s ambitious vision.