Aptos’ TVL has notably reduced despite high expectations. The project has performed well with respect to NFTs and token value. When Aptos’ [APT] Mainnet went live on 17 October 2022, there was an array of excitement in the crypto community. At the time, the ecosystem was battling with several downsides but the project’s offer to […]
An unignorable part of the ecosystem is the Total Value Locked . The TVL is a metric used to represent the sum of all assets deposited into a protocol.Many of its “earlier supporters” expected Aptos to thrive in that regard. However, the opposite has been the case. A look at
showed that the TVL of the layer one blockchain was $35.54 million despite boasting 19 lending, liquid staking, and yield protocols under its chain.The value represents a 37.5% decline in the last 30 days and has left Aptos lingering in the 38th position. So, the drop means that investors’ interest in decentralized Applications under Aptos has been significant.highlighted
the attempts to sustain upgrades on the network. According to Santiment, the Aptos development activity has been on the rise lately. At the time of writing, the metric, which defines a project’s display of its public repositories was 56.38. In addition to the development activity, the social volume has also improved. Social dominance is gauged by looking at the number of search texts for a particular asset.
At press time, this metric’s value was 157. It implied that investors have been considering APT as an asset to own, and speculation around the asset had been rising.Another aspect that came with the Aptos October launch was its sojourn into the NFT industry. Though collectibles under the blockchain could not record sales like those of
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