The TVL of Aptos has skyrocketed over 3 times, yet the coin price remains stagnant. Is this an opportunity or a trap?
Don't just focus on the coin price $APT remaining unchanged; in fact, Aptos on-chain data has explained everything:
✦ TVL has surged from $340M to $1.12B in the past year, an increase of over 229%.
✦ The amount of stablecoin staking has also risen from $88.65M to $1.105B, nearly 12.5 times.
✦ DeFiLlama data shows that Aptos is quietly becoming one of the fastest-growing public chains in terms of capital inflow.
But what about the coin price? Looking at the weekly chart, it appears to be consolidating at the bottom, still hovering around $5.5, seemingly without any turbulence, but actually brewing something big 🌋
Something feels off!
In past bull markets, every surge in TVL has been accompanied by a rise in coin price! This was the case for Solana in 2021, and Blast in 2023. Will it be Aptos's turn now?
Not only is capital flowing in, but on-chain user behavior is also exploding!
⇝ Active user density has rapidly increased in the past few months.
⇝ Real interaction addresses are on the rise, while the proportion of airdrop bots is decreasing.
⇝ Multiple L2 projects, DePIN, and GameFi are beginning to land on Aptos.
Aptos may be brewing a late-stage surprise attack! A price surge could happen at any moment. What do you think? I believe it will progress slowly, following past history, so we just need to be patient!