Coin Check – Aptos – 19th February 2025
By Abhishek Chauhan
Today’s Coin of the Week is Aptos (APT)—a Layer One blockchain aiming to bring speed, security, and scalability to Web3.
Current Market Data:
Price: 6.17 dollars. Up by 10.3% in 24H.
Market Cap: 3.62 billion dollars making it ranked 33. Fully Diluted Value: 7.03 billion dollars.
All-time high: 19.90 dollars.
Total Supply: 1.13 billion. Circulating Supply: 587 million.
Total Value Locked on Aptos Blockchain: 939 million dollars
Why is Aptos Making Waves?
Aptos is built to solve blockchain challenges like outages, high fees, and slow transactions. It aims to provide cloud-level reliability for mass adoption.
Founded in 2021 by Mohammad Shaikh and Avery Ching, Aptos Labs has over 350 developers working on key innovations:
- Move Language: Ensures secure, high-speed transactions.
- Flexible Key Management: Safer and more transparent user experience.
- High Throughput & Low Latency: Efficient processing with parallel execution.
- Atomic Transactions: Supports complex transactions seamlessly.
- Modular Architecture: Enables instant upgrades and innovation.
- Future Scalability: Exploring validator sharding for expansion.
Recent Performance & Growth
- Total Value Locked (TVL): Up 400 percent in four months, from 311 million dollars to 1.27 billion dollars.
- Daily Active Users: Over 1.2 million—a 865 percent increase year-over-year.
- Daily Transactions: 3.79 million, up 446 percent.
- DEX Trading Volume: 24.3 million dollars, up 672 percent.
- Natively Minted USDT Supply: Grew from 130 million dollars to 340 million dollars in December 2024.
After the recent exit of Mohammad Shaikh, Aptos saw a price dip, but its upcoming upgrades could fuel a major rally. The team is working on transaction processing improvements and on-chain randomness, supporting new use cases like prediction markets and advanced payment networks.
Aptos ranks 31st by market cap, and Thala is the leading DeFi protocol in its ecosystem.
- Thala AMM: An automated market maker improving liquidity.
- Move Dollar (MOD): A yield-bearing stablecoin backed by liquid staked assets and RWAs.
- Liquid Staking (thAPT): Offers higher yields than native APT staking.
Market Outlook
With strong adoption and upcoming upgrades, Aptos is on track to retest its all-time high of 20 dollars.
Short Term Price Targets: 10 dollars, 14.75 dollars, and long term target would be close to ATH of 19 dollars.
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