Two lending dapps on Aptos, Meso Finance and Superposition, have registered record deposit volumes, significantly boosting the blockchain’s total value locked (TVL) to its highest level since mid-April 2024. As of September 9, Aptos' TVL reached $436 million, with only two of the top 15 decentralized finance (DeFi) applications experiencing a decline in the past month.
Meso Finance has surged 720% over the past month, becoming the third-largest lending app on Aptos with over $25 million in deposits. This rapid growth is attributed to a significant increase in APETOS deposits, an Aptos-based meme coin. Meso recorded its second-best day for USD inflows on September 13, reaching $3.7 million.
Superposition has also shown remarkable growth, with its TVL increasing nearly 400% over the month to a record $9.16 million. This growth is primarily driven by a surge in STHAPT TVL, representing 65% of total deposits.
Additionally, Joule Finance, which launched on September 10, has shown potential with its TVL increasing from $1.2 million to $1.85 million, supporting assets like APT, USDC, USDT, and ETH.