Aptosispoisedtosecureitsleadastheblockchainnetworkwiththehighestyear-over-yeargrowthinDEXtradingvolumein2024.Thisisdespitealittleover8weekslefttoconcludetheyear.
Aptoshasachievedover3420%growthinDEXtradingvolumewithinitsecosysteminthelast12months.ThisplaceditinpollpositionaccordingtoAlphaGrowth,basedondatafromArtemisandCryptoRank.xyz.
Top10BlockchainsbyYoYDEXTradingVolumeGrowth.@Aptos+3.432%@solana+1.789%@GnosisDAO+486%@flow_blockchain+391%@Starknet+380%@Celo+370%@StellarOrg+316%@Fuse_network+269%@osmosiszone+223%@trondao+175%pic.twitter.com/J85s80E6Dv
—AlphaGrowth(@alphagrowth1)October24,2024
EvenmoreimpressivewasthatAptosalmostdoubledtheDEXtradingvolumegrowththatSolana,therunner-upachievedduringtheSameperiod.TherankingandachievementhighlightedthebusystateofAptosecosystem.
-Advertisement-
AptosTVLSoarsToNewHistoricHigh
Thelatterwasevidentinthenetwork’stotalvaluelockedwhichhasachievedparabolicgrowthinthelastfourmonths.Toputthingsintoperspective,AptosTVLhada4-monthlowof$298.31millionon5July.
Aptosvolumeandstablecoinmarketcap/Source:DeFiLlama
Thenetwork’sTVLfigurerecentlysoaredtoanewall-timehighof$873.82millionon24October.AptosTVLthereforegrewmoreinthelast4monthsthanitdidbeforethatsinceitslaunch.
Theperformancereflectstherobustrateofadoptionthatthenetworkhasachievedsofarthisyear.TVLgoeshandinhandwithstablecoingrowthforhealthyliquidityflowswithintheecosystem.
Unsurprisingly,AptosstablecoinmarketcapalsosoaredtoanewATHof$271.37millionon24October.
Aptosvolumeandstablecoinmarketcap/Source:DeFiLlama
Aptoson-chainvolumehasalsoenjoyedexplosivegrowthsofarthisyear.Dailyvolumerecentlyhitahistorichighabove$81millioninmid-October.Animpressivefigureconsideringthatthedailyon-chainvolumewaslowerthan$2millionon1January2024.
APTontrackforarecoveryafterabearishQ22024
AptosnativecryptocurrencyAPThasbeensubjecttolongtermpriceactionswings.Itspentmostof2023onabearishtrendbutachieveda303%upsidefromOctober2023toMarch2024.
Thecryptocurrency’slatestswinglowresultedina77%pullbackfromMarchhighs.ItenteredrecoverymodefromAugustlowsandhassinceachieveda158%rallytoitslatestlocalpeakat$11.24.
APTpriceaction/Source:TradingView
Despiteitsrecentrecovery,APT’slatestpricelevelwasstillalongwayfromitshistoricall-timehighs.Thenetwork’slatestperformancemayunderscoreitsattractivenesstopotentialinvestors.ThisisbecauseitsgrowingDeFiecosystem.
APT’slatestrallyalsodrewsomeparallelswithitsperformancefromOctober2023toMarch2025.Ifhistoryrepeatsorrhymes,thenthecryptocurrencycouldbeonthevergeofanotherexplosiverun-upinthenext2months.
thecoinrepublic.com