Aptos TVL Rises by $300 Million in 7 Days: What Does This Mean for APT
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Contributor
- Aptos TVL demonstrates resilience as it approaches its second anniversary.
- Aptos’ netflow from CEX reflects optimistic market sentiment.
Aptos [APT] has continued to gain traction since its launch in October 2022, establishing itself as a prominent Layer 1 blockchain.
As it nears its second anniversary, Aptos is drawing increased interest from traders and investors alike.
The blockchain’s success can be attributed to its innovative use of Move technology, distinguishing it from other networks.
At present, according to CoinMarketCap, the price stands at approximately $9, with many traders speculating that Aptos could soar to $20, driven by recent on-chain activity.
A pivotal indicator of this growth is the Total Value Locked (TVL), which hit $300 million in September.
In just the first week of October alone, this value has already been reached again, pointing towards strong potential for additional price surges in the final quarter of the year.
Liquid staking initiatives like Amnis Finance and TruStake have played a role in this uptick, with liquid staking TVL expanding by 28% during September.
