In the field of cryptocurrency, the development trend of Aptos has attracted much attention. Recently, Aptos’ total value locked (TVL) increased by US$300 million in 7 days. This significant increase is of great significance to its native token APT in many ways.
1. The development foundation of Aptos
Since its launch in October 2022, Aptos has been committed to its own development and gradually positioned itself as a leading layer 1 blockchain. Its unique Move technology makes it stand out among many blockchain networks and attracts the attention of a large number of traders and investors. As it approaches its second anniversary, Aptos is showing strong momentum.
2. The significance of TVL growth
Price growth potential
TVL is an important indicator to measure the activity and attractiveness of a blockchain project in the field of decentralized finance (DeFi). Aptos' TVL reached $300 million in September and reached this value again in the first week of October, which shows the strong appeal of the project in the DeFi field. This appeal often translates into increased demand for APT tokens, providing momentum for further price increases. From the perspective of market expectations, many traders speculate that the APT price may reach $20 based on this growth trend.Project Ecosystem Development
The growth of TVL also reflects the prosperity of the Aptos project ecosystem. More funds are locked in its ecosystem, which means more applications and protocols are built and run on Aptos. This not only promotes innovation and development in the DeFi field, but also further enhances the overall value of Aptos, which has a positive impact on the long-term value of APT tokens.
3. CEX Net Flow and Trader Behavior
Net flows show bullish sentiment
Analysis of Aptos flows on centralized exchanges (CEXs) shows that despite an increase in outflows, on the largest CEX Binance, the net flow (outflows minus inflows) was -1.53 million APT. This means that more traders are starting to hold their APT tokens instead of trading them frequently on exchanges. This behavior suggests that traders are optimistic about the future price trend of Aptos and are choosing to hold rather than sell, expecting the price to rise.Support for prices
This holding behavior of traders provides some support for APT prices. When most holders in the market are unwilling to sell, the supply decreases, and when demand remains unchanged or increases, the price has the motivation to rise. This further strengthens the expectation of price increases brought about by TVL growth.
4. Contribution of Pledge Projects
Liquidity staking projects such as Amnis Finance and TruStake have played an important role in the development of Aptos. In September, the TVL of liquidity staking increased by 28%. These staking projects have attracted more users to participate in the Aptos ecosystem, increasing the demand and lock-up of APT. At the same time, staking also provides a way for holders to obtain additional income, further incentivizing users to hold APT tokens, and playing a positive role in the stability and rise of APT prices.
5. Impact of User Growth
Increase in the number of active users
Aptos has seen good user adoption, with the number of active users continuing to rise. Currently, the network has over 2 million active users, a 33% increase from the beginning of the year. The increase in active users means that the Aptos ecosystem is more active and applications are used more frequently, which has a direct impact on the value of the APT token.A massive influx of new users
The growth in new users has been even more significant, with a 101% increase in new users since January, with 1.299 million new users joining the Aptos ecosystem this year alone. The large influx of new users has brought new vitality and development potential to Aptos. As more users understand and use Aptos, the demand for APT tokens will continue to increase, thus driving up the price.
VI. Conclusion
Overall, the growth of TVL of Aptos by $300 million in 7 days and the good performance of other indicators all show that the Aptos project is in a rapid development stage. Traders and investors are confident in the future of Aptos, which is reflected in the holding of APT tokens and the expectation of price increases. As more people pay attention to the solid performance of Aptos, the price of APT is expected to rise further this year, and Aptos is also expected to achieve better results in the cryptocurrency market.
