Two lending dapps on Aptos, Meso Finance and Superposition, register record deposit volumes, helping the blockchain’s total value locked (TVL) extend its recovery to the highest level since mid-April 2024. Of the top 15 decentralized finance (DeFi) applications on Aptos, only two have experienced a decline in TVL in the past month. On September 9, Aptos reached the highest level in six months at $436 million.
Meso Finance has become the third-largest lending app on Aptos after surging 720% over the past month to break above the $25 million mark. The dapp, which has been around for less than two months, had only $1 million worth of tokens in its pools at the beginning of August. It is competing for the second position among lending dapps with Echelon Market, which has lost 17% in the past month to $28 million.
Meso has benefited from a rapid increase in APETOS deposits, an Aptos-based meme coin launched in June. APE deposits surged from zero to nearly $6 million within four days.
On September 13, Meso registered the second-best day for USD inflows, reaching $3.7 million. The largest markets on Meso are zUSDC, zUSDT, and stAPT, a liquid staked token (LST) representing Aptos’ native coin staked through Amnis Finance.
Superposition is another lending dapp making waves on Aptos. Its TVL has increased nearly 400% over the month to hit a record $9.16 million.
The growth has been mainly driven by a surge in STHAPT TVL, which exploded from $1 million at the beginning of September to the current level of $6 million, accounting for 65% of total deposits. STHAPT is an LST representing the APT coin staked through Thala.
Besides Meso and Superposition, Joule Finance is another lending dapp showing potential. It launched on September 10 with over $1.2 million in TVL and has increased to $1.85 million. Joule currently supports APT, USDC, USDT, and ETH.
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The post Meso, Superposition Lending Dapps Drive Aptos TVL with Triple-Digit Monthly Growth appeared first on NFTgators .
