[TL;DR]:

The previously stagnant Aptos (APT) has recently been steadily rising, with a market capitalization of nearly 5 billion USD, showing a trend similar to the pump of SUI.

As an emerging high-performance and scalable blockchain, Aptos attracts market attention with its high throughput and low latency, and Decentralized Finance and AI are the two labels for its ecological prosperity.

Aptos Labs is protocolacquisition HashPalette, entering the Japanese blockchain market, and is expected to conduct brainwashing marketing from South Korea to Japan through various means.

Introduction

We have shared the technical innovation and price performance of Sui Network (SUI) multiple times in blog articles, and the recent strong fluctuation in SUI price has also confirmed our positive view. This article will provide an in-depth discussion of Aptos, another high-performance public chain in the Move system, and share a series of innovative trends and price performance of the chain.

APT Relay SUI pump, TVL surges

Recently, the performance of the Move on-chain in the market has been particularly eye-catching, from the strong pump of the Sui ecosystem and the on-chain ecology, to the Meme craze, and the highly anticipated launch of the Movement ecosystem Mainnet. This series of events continues to drive the Move on-chain to the forefront of the market.

In this context, the usually dull Aptos also has its moment in the spotlight, with Token APT steadily climbing, showing a pump trend that seems to be following SUI.

Even in the overall market downturn last week, and the widespread big dump of AltCoins, APT's price remained strong, successfully breaking through the $11 mark and hitting a new six-month high. Currently, APT has a circulating market capitalization of nearly $5 billion, ranking among the top 25 tokens.

At the same time, the total Lock-up Position value (TVL) of the Aptos ecosystem has shown a remarkable rise. According to DefiLlama data, the current TVL of the Aptos ecosystem has risen to $1.6 billion, nearly 14 times the increase since the beginning of the year. This number was only $558 million on September 28th, more than triple the increase, demonstrating the strong development momentum of its ecosystem.

Specifically, the top protocols in the Aptos ecosystem, such as Aries Markets and Amnis Finance, occupy TVLs of 6.6 billion USD and 2.4 billion USD respectively, with a growth rate of over 26% in the past 30 days. Echelon Market, with a 209% TVL growth, leads other protocols on the chain.

According to CoinMarketcap's data, there are a total of 25 Aptos ecosystem Tokens, with a total market capitalization exceeding 5.6 billion US dollars. It can be seen that although the ecosystem of the chain is gradually prospering, the efforts of various applications are still insufficient, and there is still great potential for improvement.

Decentralized Finance ecosystem is active, recently focused on AI

As an emerging high-performance and scalable blockchain, Aptos has attracted widespread follow since its launch on October 12, 2022 by Avery Ching and Mo Shaikh, thanks to its high throughput and low latency.

According to official website data, Aptos can process about 160,000 transactions per second, and complete verification in less than 1 second. The monthly active users are as high as 6.3 million, providing strong support for its business expansion in Decentralized Finance, Game and other fields.

As of the writing date, Aptos has integrated with over 180 Decentralization applications (DApps), with Decentralized Finance being one of the most active and important application areas in the Aptos ecosystem. Since the beginning of this year, the encryption credential tool being built on the Aptos network by Mastercard has become an important move for Aptos to move towards large-scale real-world adoption.

In the specific Decentralized Finance projects in the Aptos ecosystem, excellent projects such as Aries Markets, Amnis Finance, and Echo Protocol have emerged, which are worth special attention.

Aries Markets: As the largest decentralized finance lending program in the Aptos ecosystem, Aries Markets provides a variety of functions such as lending, margin trading, and interest-bearing assets. The recently launched Efficiency Mode further strengthens its competitiveness in the market by improving capital efficiency to optimize asset utilization for users and the Aptos ecosystem.

Amnis Finance: As the first Liquidity stake protocol in the Aptos ecosystem, Amnis Finance has a TVL of over $240 million and more than 300,000 stakers. Its innovative concept of revenue tokenization allows users to immediately receive an equivalent amount of stAPT while staking APT, which can be used in other Decentralized Finance protocols in the ecosystem.

Echo Protocol: Within less than a month after its launch, Echo Protocol has brought $147 million TVL to the Aptos ecosystem. Echo Protocol focuses on the BTCFi multifunctional protocol in the Move ecosystem, introducing BTC liquidity into the Move ecosystem through services such as Cross-Chain Interaction, Liquidity stake, and re-stake, and introducing innovative re-stake schemes for BTC assets. This innovative model of Cross-Chain Interaction and Liquidity stake not only enriches the application scenarios of the Aptos ecosystem but also promotes interoperability between BTC and the Aptos ecosystem.

In addition, Aptos has been integrating AI with Depth since this year. It has not only collaborated with Microsoft to create the AI security assistant Aptos Assistant, but also launched a AI-driven Q&A application called FIND OUT by Aptos Labs, providing an interactive and community-driven experience for the community.

In October, the Aptos Foundation announced a partnership with the Ignition AI accelerator supported by NVIDIA, TRIBE, and DISG to promote the development of AI startups in the Asia-Pacific region and other regions. It also collaborated with the Decentralization AI platform FLock.io to launch AI tools, making it easier to code using the Block chain's custom programming language Move.

In a nutshell, in the traditional GameFi, Meme, RWA and other fields, it is still unable to surpass other public chains. Aptos is taking its own unique path of ecological construction through the integration of AI technology.

Dual-drive of Technological Innovation and Marketing

In this round of the Bull Market cycle, Aptos, as one of the twin stars of the Move blockchain technology, although initially low-key, its innovation and market performance cannot be ignored. With SUI's leading rise, the leading price model has successfully attracted widespread market follow and spurred the activity of the entire ecosystem. Aptos is expected to replicate this path of popularity.

In fact, since its launch in 2022, Aptos Blockchain has achieved incredible development in a short period of time, attracting hundreds of projects including PancakeSwap and other Decentralized Finance operators, SupraOracles and other Non-fungible Token Oracle Machines, and BuilderDAO. The rapid rise of this ecosystem not only demonstrates the technical strength of Aptos, but also lays a solid foundation for its future market competition.

In addition to consistent technological innovation, Aptos has also demonstrated innovative marketing strategies different from Sui. The most notable is the song "APT." co-created with global best-selling female group Blackpink member Rosé and renowned singer Bruno Mars. This song quickly became popular worldwide, not only refreshing various music charts but also sparking widespread discussions on social media. Although the song is only named similarly to the project itself and has no direct connection, Aptos has successfully enhanced its brand awareness and market influence by leveraging this global hot topic.

Especially in the Korean community, the catchy and brainwashing lyrics "APT APT APT APT APT APT......" not only ignite the enthusiasm of community members, but also further consolidate Aptos' position in the Korean market.

According to the latest market news, Aptos Labs is acquiring HashPalette protocol, entering the Japanese blockchain market. It is not difficult to infer whether Aptos will also brainwash marketing from Korea to Japan in a variety of ways.

Looking ahead, the potential of the Move blockchain technology is still enormous. Although the overall scale and activity of the Move ecosystem are currently not as mature as other ecosystems, with the continuous maturity of the technology and the expansion of application scenarios, the Move blockchain is expected to play a greater role in the future. Especially with some projects starting to introduce Move into the ETH Layer2 ecosystem, Aptos is expected to achieve even greater achievements in the future.

Author: Charle Y.

This article represents the author's opinion and does not constitute any trading advice.

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