Not only has Aptos [APT] seen positive price performance, but its DeFi sector has also reached a significant milestone. Recent advancements within Aptos’ ecosystem have played a crucial role in this achievement.
Thriving DeFi Sector in Aptos
Aptos recently shared updates on key developments in its ecosystem through a tweet. One notable highlight was the substantial increase in Total Value Locked (TVL) within the protocol. In the past two months, Aptos’ TVL has doubled to $1.2 billion, marking a remarkable 19x year-over-year growth.
As a result of this recent surge, APT’s TVL has reached an all-time high, currently standing at $1.3 billion. This upward momentum shows no signs of slowing down.
The tweet also mentioned several new launches that may have contributed to the rise in TVL. For example, AGDEX, a decentralized perpetual exchange, was recently introduced on the Aptos platform.
Additionally, the tweet highlighted the top-performing decentralized applications (dApps) of the past week based on unique active wallets. Kana Labs led the list with 923k Unique Active Wallets (UAW), followed by Chingari and KGeN with 921k and 886k UAW, respectively.
Despite the growth in Aptos’ DeFi sector, Santiment data indicated a decline in development activity within the blockchain ecosystem. This decrease suggests a reduction in developmental efforts by Aptos developers in the previous week. Moreover, the count of development activity contributors also experienced a decline, signaling a slowdown in overall development activity.
Further insights from Aptos’ tweet pertained to the network activity of the blockchain. Last week, Aptos recorded 4.1 million active users, leading to a total of 2 billion all-time transactions. The Decentralized Exchange (DEX) volume also demonstrated an upward trend, reaching $21.5 million—an impressive growth of 28x over the past year.
However, a detailed analysis by CryptoCrypto revealed a decline in network activity for Aptos in December, with daily active addresses and transactions showing a downward trend.
When considering the captured value, Aptos’ fees and revenue saw a decline over the past few days according to Artemis’ data.
Positive Outlook for APT
Despite these fluctuations, APT maintained a bullish stance in the market.
Currently valued at $14.97, the altcoin experienced a price increase of over 3% in 24 hours. Moreover, the token’s long/short ratio also showed an increase during the same period, indicating a rise in bullish sentiment among traders.