The total value locked of decentralized finance (DeFi) protocols within the Aptos (APT) ecosystem has soared two-fold YTD, currently above $240 million, highlighting increased user activity and adoption.
Factors like collaborating with zkME for improved identity security, real-world assets integration, and positive NFT developments catalyzed the TVL uptick.
Aptos partners with zkME for enriched identity verification
Big moves for growth and security on Aptos! The Aptos Foundation and @zkme_, leader in blockchain-based identity solutions, have partnered to provide easy, secure, and confidential identity verification on the Aptos network.
zkMeâs identity oracle will be integrated into the⊠pic.twitter.com/CMsXnZO3kTâ Aptos (@Aptos_Network) February 27, 2024
Aptos revealed its alliance with a renowned blockchain identity solution, zkME. The collaboration aims to enhance identity verification within the Aptos ecosystem for heightened security, promoting user confidence.
Aptos onboard Real-World Assets
A tokenized RWA platform, Ondo Finance, announced its collaboration with Aptos Foundation. As invezz.com reported, the strategic alliance aims to enhance real-world asset integration within the Aptos network.
Ondo Finance has launched its USDY coin onto Aptosâ blockchain, exposing ecosystem users to USD-backed virtual assets.
đŁ Ondo Finance takes great pleasure in announcing our strategic partnership with Aptos Foundation, aimed at revolutionizing the integration of real world assets with blockchain technology on @Aptos_Network. đŁ
This partnership not only signifies a major step forward in⊠pic.twitter.com/jH1MbBrOjtâ Ondo Finance (@OndoFinance) February 22, 2024
Moreover, the companies plan more partnerships to connect RWAs and on-chain services.
Aptosâ NFT developments
A renowned gaming and non-fungible token marketplace, Jump.trade, announced that more than 600K users had successfully minted and claimed rental pass NFTs.
Meanwhile, Jump.tradeâs top game, Meta Cricket League, runs on Aptos. That underscores the blockchainâs cost-effectiveness and scalability for the gaming sector.
APT price outlook
Aptos token traded with a bullish note at press time, gaining more than 20% over the past day to trade at $12.93.
The token broke past the crucial resistance at $10, highlighting stable bullish momentum for Aptosâ price.
The optimistic developments and broad crypto market recoveries contributed to APTâs remarkable performance.