Aptos APT Reaches New ATH Amid Rising DeFi Activities

APT, the native token of layer-1 blockchain network Aptos, hit an all-time high of $14.18 during early trading hours on Jan. 22 after surging more than 200% since early 2023.

According to CoinMarketCap, APT is one of the best performing digital assets in the current market rally, outperforming more experienced rivals such as Ethereum and Bitcoin. For context, APT has risen 79% over the past 7 days, while BTC and ETH have only risen 10% and 6% respectively.

Source: CoinMarketCap

User Transactions Surge on Aptos Blockchain

After launching to much criticism, user transactions on Aptos have increased by over 100% in the last 30 days. As of December 23rd, he had processed 83,675 transactions, according to available data, but that number jumped to 173,627 by January 21st. .

The data also show that new account creation on the network is stable. As of December 23rd, 10,248 new accounts have been created. That number he had increased to 11,500 as of January 3, but had fallen to 8,024 by January 21. However, the number of active addresses per day jumped from 23,065 to 35,742 during the reporting period.

Meanwhile, over 80% of the APT token supply is currently staked. According to Aptos Labs explorer, the total supply of tokens is 1.01 billion, with 839.6 million of these tokens staked.

Aptos DeFi TVL increased by 31%

According to DeFillama data, the total amount of assets locked in the Aptos ecosystem surged 31% to $55.62 million from $40.82 million recorded on December 1st.

DeFi Apartment
Source: Defilama

During this period, DeFi activity was featured on Aptos as several projects announced network support. On January 6th, PancakeSwap, a leading BNB chain-based decentralized exchange (DEX), was introduced to the blockchain. Since then, DEX has dominated his TVL on Aptos, making up his 59% of the network’s total TVL.

Meanwhile, other DeFi protocols on the network, including AUX Exchange, Tortuga, Ditto, and ABEL Finance, have all recorded TVL rises over the same period.

Most recently, cryptocurrency exchange Binance launched a new Aptos liquidity pool on its Liquid Swap service on January 20th. The move has increased the trading volume of the APT/BTC and APT/USDT trading pairs.

It should be added that NFT activity at Aptos is also increasing. Topaz data shows that the sales volume of his top three NFT collections on the network surged by more than 60% in the last 24 hours. The collection included Aptomingos, Aptos Monkey, and Bruh Bears.


BeInCrypto has reached out to the companies or individuals involved in the story to obtain an official statement regarding the recent developments, but has yet to hear back.

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