Aptos saw a surge in stablecoin volume while its TVL declined. APT’s daily active addresses were rising, and the token’s value showed potential for a bullish trend. There has been an interesting development on the Aptos blockchain. A significant increase has been observed in the volume of stablecoins flowing into the network. This activity surge […]
data revealed that Aptos had experienced a significant surge in stablecoin volume on its network. In the last 24 hours, approximately $8 million worth of stablecoins were added to the network, marking the highest growth observed in 2023.
Interestingly, a similar surge was witnessed earlier this year, albeit in the opposite direction. There was a negative flow of around $14 million in March.blockchain is a distributed ledger technology that operates in a decentralized manner. The Aptos blockchain aims to offer a secure and scalable platform.
Notably, the blockchain employs a consensus mechanism known as “Proof of Identity” to reach consensus. Compared to other consensus mechanisms, such as Proof of Work and Proof of Stake , PoI is more energy-efficient and secure.
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