Since the second week of October, there was a noticeable surge in demand for Aptos’ native cryptocurrency APT. This increased interest led to a robust phase of Total Value Locked (TVL) growth.
Ultimately, this surge in resulted in Aptos achieving its highest-ever TVL value of $74 million during the trading session on Thursday, October 26th.
This surge in TVL is a crucial metric for decentralized finance (DeFi) platforms, showcasing the total value of assets, tokens, or cryptocurrencies locked within the platform’s smart contracts.
At the time of writing, APT was trading at $6.69, up 4.5% in the last 24 hours, and etching a in the last seven days, according to figures by crypto market tracker Coingecko.
For this reason, a lot of cryptocurrency fans frequently associate Aptos with certain decentralized Web3 applications, with a focus on the domain of non-fungible tokens (NFTs).
Aptos Surges Amidst Rising Investor Confidence
The increase in demand for Aptos’ native cryptocurrency, APT, further demonstrates growing investor confidence and interest in the platform’s utility, potentially indicating an expanded user base or enhanced use case scenarios within the Aptos ecosystem.
Source: CoingeckoThis rally can be partially due to Aptos’ distinct position as a proof-of-stake blockchain that uses a cutting-edge smart contract programming language, to facilitate quicker and less expensive transactions on its network.
1/ 🎉 Aptos Community, we’re celebrating in style! Introducing Graffio: a unique canvas where YOUR art shapes a special commemorative NFT. Dive in and be a part of Aptos history! 🎨🌐 — Aptos (@Aptos_Network)AptosOne recently launched Graffio, an NFT-based art display platform. This tool simplifies NFT art creation, with standout features including waived gas fees for social media logins and the creation of an exclusive Graffio wallet.
APTUSDT currently trading at $6.80 billion on the daily chart:
APT Price On Bullish Run With 24% Gain
The announcement led to a surge in Aptos (APT) price from $4.88 to $6.03 between October 20 and 23, a nearly 24% increase, prompting experts to predict a bullish trend continuing to $7.20 around end of next month. Its current value of $6.69 reflects a notable climb of 36% since mid-October, demonstrating a robust upward trend. The increase in price underscores the promising prospects for the future of Aptos and its indigenous digital currency, APT.As Aptos achieves its all-time high in Total Value Locked (TVL), the soaring trajectory of APT’s price and the platform’s advancements in NFT technology have sparked significant optimism. The recent market surge and robust momentum hint at the potential for sustained growth and increased interest in APT. Despite concerns looming over a possible market retraction, the record-breaking TVL and the remarkable rise in APT’s value prompt a hopeful outlook, suggesting that Aptos and its native token may be well-positioned to weather potential market fluctuations and maintain their upward trajectory in the near future.APT seven-day price action. Source:
APT seven-day price action. Source: (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
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