2024 L1 Recap Series: $APT Edition – The Good, The Bad & The Unlocks!
Alright frens, after breaking down $NEAR last time, it’s time to dive into APT, our next L1 contender! Let’s see how this $5.29 billion market cap player stacks up in the 2024 arena. Spoiler: It's a mix of highs, lows, and, well... daily unlock drama. 🎭
The Good Stuff:
✅ TVL Boom: APT hit a yearly high over $1 billion recently (10x growth since the start of 2024—someone hand them a trophy! 🏆).
✅ Daily Users: Clocking in at 950k daily active users, APT’s organic growth in Q3 & Q4 screams “we’re thriving.” 🌱
✅ Big Wins: Partnerships, collaborations, and milestones all made 2024 a solid year. 🚀 Want some examples, sure!! 👉 #BlackRock & #Securitize 🤝🥴
The Meh Stuff:
🟠 Price Action: A sad -4% ROI YTD (ouch), underperforming #TRX , #TON , and $SUI . Feels bad, man. 😬
🟠 Daily Fees: APT averages $5k–$10k/day, with a few random spikes ($105k on June 8 and $33k on Dec 20—party days maybe? 🎉).
The Big BUT:
APT’s biggest hurdle? Token unlocks. Imagine 11.3 million #APT worth over $100M flooding the market monthly. Yeah, it’s like throwing a wet blanket on the bullish vibes. 🔓💸
Final Verdict: APT made serious strides in 2024, but until it figures out its unlocking drama, we’re keeping our cautious cap on. 🧢
What L1 should we roast—I mean recap—next? Drop your suggestions below and stay tuned! And as always, DYOR before you ape in. 🐒 #Aptos
