According to Messari's report, Aptos has shown significant growth, closing March with a total value locked (TVL) of $1.03 billion.
Growth of Total Value Locked (TVL)
Aptos has recorded a growth in TVL from $300-500 million in the period from late March to mid-September 2024. Compared to the previous year, Aptos' TVL rose by 109% in USD terms and an impressive 562% in APT terms. This occurred despite a 47% drop in the price of the APT token over the year.
Rise in Stablecoin Market Capitalization
On March 24, the stablecoin market cap on the Aptos platform surpassed $1 billion. This is more than a 10x increase compared to the same period last year, and three times higher than in December. Major inflows into Tether's USDT and Circle's USDC following the launch of their contracts contributed to this growth.
Launch of Technologies to Improve Aptos Performance
Aptos Labs has introduced two key technologies — Zaptos and Shardines — aimed at enhancing network performance. Zaptos optimizes Aptos' architecture, reducing latency and improving throughput. Shardines enables horizontal scaling by splitting transactions into smaller parts for parallel processing.
Aptos is currently positioned as the 11th largest total value locked among blockchains, reflecting its growing popularity and market potential despite token price volatility.
