- Aptos’ TVL has dropped significantly despite high expectations.
- The project has done well with respect to NFT and token value.
When Aptos’ (APT) The mainnet went live on October 17, 2022, there was a number of excitement in the crypto community. At the time, the ecosystem was grappling with a number of shortcomings, but the project’s offer to enable DeFi application development on its chain sparked some joy.
Reading Aptos (APT) Price Prediction 2023-2024
Five months later, Aptos has outstanding performance in some areas. Elsewhere, his performance has been nothing more than woefully inadequate.
Total Value Locked (TVL) is an unknown part of the ecosystem. TVL is a metric used to represent the sum of all assets deposited in the protocol.
Finish the fight for the deposit…
Many of his “previous supporters” expected Aptos to thrive in that regard. However, the opposite has occurred. a look at Defi Lama Facts The layer one (L1) blockchain was shown to have a TVL of $35.54 million despite claiming 19 lending, liquid stake and yield protocols on its chain.
The price represents a 37.5% drop in the last 30 days and has left Aptos in position 38. So the drop means that investor interest in decentralized applications (DApps) under Aptos has been significant.
However, it doesn’t look like the APT team was resting on its laurels. This was because the on-chain data light on Try to keep up with the update on the net. According to Sentiment, development activity at Aptos has been increasing lately.
At the time of writing this report, the metric, which defines the performance of a project’s own public repository, was 56.38. In addition to development activity, social volumes have also improved. Social domain is estimated by looking at the number of search texts for a particular property.
At press time, this metric had a value of 157. This implied that investors were treating APT as their asset, and speculation surrounding the asset was on the rise.
Source: Feeling
realistic or not, here it is APT market capitalization in terms of BTC
collectibles to the rescue
Another factor that came with the launch of Aptos in October was its stagnation in the NFT industry. Although the collectibles could not be registered as sales under the blockchain. Solana (SUN) AND Ethereum (ETH).
But Aptos didn’t care so much. nft sales volume It reached its highest level since the end of February.
Source: Feeling
Meanwhile, APT Token has been the best performer in the last seven days. With an increase of 31.39%, only one minute cryptocurrency in the top 100 can claim such an improvement.
