Author: OurNetwork
Compiled by: TechFlow
Welcome to the latest installment in our larger series on ecosystems, where we present the overall health and growth of emerging ecosystems through data-driven on-chain analysis.
Today, we are excited to introduce Aptos, a high-performance layer 1 blockchain. The project launched on mainnet in October 2022 and continued to develop in 2024. On June 8, 2024, Aptos reached an all-time high of 1.2 million daily active addresses, and in Q3 2024, its average daily active addresses reached 180,000, an increase of 28% from Q2 2024. In addition, Aptos' total value locked (TVL) has increased by 294% year-to-date, from $174 million to $685.5 million, and the total cross-chain transaction volume this year has reached $1.7 billion.
This issue will give you an in-depth look at Aptos’ user trends, covering the DeFi and consumer sectors on the chain, and exploring emerging protocols being built on the network through data analysis.
Aptos Large Feature Report
Uyen Nguyen | Website | Dashboard
Aptos Sets L1 Daily Transaction Record with 326 Million Transactions in a Single Day, and Consumer App Usage Surges
Since its launch, Aptos has attracted nearly 22 million users, with 679,000 new users in the week of August 19 alone. Recent milestones include the integration of Tether’s USDT, the first major stablecoin introduced in a Move-powered ecosystem, and processing more than 326 million transactions in a single day in August. The surge in transactions was largely attributed to the launch of the second game from game developer Tapos, a “click and earn” game, which generated more than 533 million transactions in just three days in August.
Artemis
Since launching less than two years ago, Aptos has attracted nearly 22 million unique users and continues to grow. The weekly average of daily active addresses (DAAs) on the chain has tripled from 65,000 to 180,000 since the beginning of the year.
Artemis
So far this year, Aptos has seen $1.7 billion in cross-chain transaction volume. This figure comes from 5.2 million unique cross-chain transactions, primarily driven by LayerZero’s Stargate Bridge. Earlier this year, Stargate’s Aptos event incentivized 71% of cross-chain transaction volume ($1.2 billion) between March 1 and May 1. Since the event, the average weekly volume of cross-chain transactions has dropped by more than 90% from $150 million during the event to just $4 million in the past three months.
Flipside - @cristinatinto
Zachary Roth | Website | Dashboard
In 2024, TVL grows nearly 300% as new protocols are launched and the ecosystem matures
Aptos’ total locked value (TVL) is rising, now at $685.5 million, up 294% since the beginning of the year. 26% of the on-chain TVL ($177.4 million) is concentrated in Aries Markets, a major lending protocol on the chain. Another 20% ($136.5 million) is in Amnis Finance, a liquid staking protocol, and another 19% ($129.4 million) is in Thala, a multi-product DeFi hub. Together, these three protocols account for two-thirds of the total TVL on the chain. Although Aptos’ TVL peaked at $778.9 million in March, recent partnerships with Ondo Finance and Securitize, as well as a series of product launches through Aptos Labs’ Ascend program, show the potential for growth in institutional capital on the chain.
DeFiLlama
Aptos currently has a stablecoin market cap of $180.2 million, of which USDC accounts for 60% ($108.4 million). Stablecoin market cap has grown 3.6 times since the beginning of the year (from $49.3 million). Tether’s USDT integration is expected to bring more liquidity to Aptos, with USDT accounting for about 70% of the stablecoin market with a supply of more than $118 billion. DeFi protocols on Aptos, with a total locked value (TVL) of $685.5 million, are also expected to benefit from the introduction of USDT.
DeFiLlama
Aptos’ DeFi ecosystem is expanding. New protocols such as Meso Finance, Superposition, Joule, Mizu, and Ziptos have already launched, and more protocols such as Aave, Mirage, and Thetis are in the pipeline. Panora recently became the third largest decentralized exchange (DEX) aggregator in the world by 24-hour trading volume, second only to Jup and 1Inch. Meanwhile, Merkle has accumulated more than $13 billion in trading volume and averaged more than $250 million in weekly trading volume in August, just in time for its TGE on September 5.
DeFiLlama
Econia
Econia Labs | Website | Dashboard
Econia's total transaction volume exceeds $250 million
Econia is a hyperparallel on-chain order book running on Aptos. A key advantage of order books is their capital efficiency - they provide better pricing than automated market makers (AMMs) decentralized exchanges (DEXs) by pooling liquidity. This is reflected in Econia's performance, with a 24-hour trading volume of $550,000 and a total locked value (TVL) of $1.65 million, achieving a capital efficiency ratio of 0.331.
DeFiLlama
Econia’s APT-lzUSDC pair continues to see steady 24-hour volumes between $500,000 and $1 million, reaching an all-time high of $1.7 million on August 13.
Kana Labs
Kana Labs | Website | Dashboard
Kana’s DeFi suite has surpassed $250 million in total transaction volume, with more than 3,700 monthly users
Kana Labs provides a DeFi trading suite that integrates more than 9 blockchains, including EVM and non-EVM chains (such as Aptos). Their products include cross-chain DEX aggregators, gas-free spot market platforms (supporting advanced order types), and perpetual options. So far this year, the DEX aggregator has accumulated a trading volume of US$308 million, of which in the first three days of September, the daily trading volume exceeded US$11 million, and hit an all-time high of US$12.4 million on August 31.
DeFiLlama
Kana Labs has partnered with SK Telecom to successfully onboard over 20,000 Web2 users to “T Wallet” in South Korea. T Wallet is powered by Kana Labs’ cross-chain liquidity and bridge aggregator, enabling users to swap tokens directly from their wallets. This collaboration not only strengthens Kana Labs’ presence in the Korean market, but also positions its platform in the top five DeFi applications by monthly user growth percentage.
ChainBroker.io
Kana Labs’ Paymaster helps dApps attract more customers to their platforms by sponsoring gas fees for transactions on Aptos. Paymaster is currently used by Kana Labs, Chingari, Wapal, and Eragon, processing over 250,000 transactions per day for over 100,000 users.
Dune - @kanalabs
Haley | Dashboard
Aptos reaches nearly 22 million users in two years, with 1.5 million new users in the past three months
Aptos has attracted nearly 22 million new users to date, including 1.5 million on June 3 alone. New consumer apps, such as Kade’s Poseidon and Nameless (which combines blockchain with physical event experiences), have launched on Aptos, attracting many new users. This growth trend is expected to continue, thanks to the fast-growing Web3 streaming platform Myco. Myco recently completed an integration with Aptos and is expected to bring more than 3 million active monthly viewers to the network this year.
Flipside - @Sniper
There are five consumer apps on the Aptos platform that attract more than 25,000 unique users per month (mUAW), with India’s short video sharing app Chingari topping the list with nearly 2 million MAUs.
DappRadar
Meanwhile, NFT activity on the Aptos platform has risen slightly. Last week, Aptos saw $3 million in NFT volume thanks to the launch of Rarible on the network and the joint minting of 1 million NFTs in 4 hours by Aptos Monkeys, Kana Labs, Mercato, and Wapal earlier this year. Additionally, in Q2, KYD Labs signed a deal with Le Poisson Rouge, the first major venue in the U.S. to go fully on-chain, successfully bringing hundreds of thousands of fans to Web3. Through its integration with Aptos, KYD Labs has already onboarded 50,000 fans and generated over $1 million in ticket sales in just 10 months.
TradePort
Done
Tapos | Website | Dashboard
Tapos has generated billions of transactions, attracted 80,000 users, and processed 5,000 transactions per second at peak
Tapos is a blockchain-based game that combines “tap and earn” gameplay with the nostalgic experience of interacting with virtual pets. It helped Aptos break the daily transaction record for all smart contract platforms, reaching 326 million transactions.
Flipside - @0xHaM-d
Transactions on Tapos are not simple: each transaction updates a global shared counter and a user's personal shared counter, and uses on-chain randomness to allow users to purchase mystery chests and mint bonus NFTs. Despite the complexity of transactions, gas fees and transaction latency remain low. Even during Game 1 (May 2024), when the daily transaction volume on Aptos increased by more than 2,500%, and during Game 2 (August 2024), it increased by almost 5,000%, the on-chain gas fee remained very stable and affordable at only 0.000008 APT per transaction.
Dune - @aptos
nameless
nameless nyc | Website | Dashboard
Over 1,000 interactions captured across 6 weekends of street festivals
Nameless is an event platform that connects your physical and digital experiences through seamless token distribution. At the Bowery Land street festival in New York City, participants could easily collect tokens from brand suppliers by scanning QR codes to participate in a digital scavenger hunt. During the 11-day festival, a total of 537 unique users had more than 500 event interactions.
Nameless (internal)
Nameless also provided digital and physical event engagement solutions for the Mallorca Championship (ATP 250 professional tennis tournament). The platform converted casual fans into active community members through digital collectibles and precise event planning. The event received 380,000 social media impressions from 288 community members.
Nameless (internal)
