• Aptos [APT] has achieved a significant milestone, with 1.5 million transactions in a week.
• The network has seen an increase in active addresses and new user sign-ups, showing growing engagement.
• Data shows the average transaction rate of 11.61 transactions per second (TPS) and Total Value Locked (TVL) and stablecoin market cap on Apto increasing.
Aptos Hits Milestone Transactions
Aptos [APT] has hit over 1 million weekly transactions in the past week, reaching a significant milestone of 1.5 million transactions in a week. The total number of transactions skyrocketed to 172 million to date, with daily volumes ranging from 178,000 to 230,000. Additionally, the platform is operating at an impressive pace of 11.61 transactions per second (TPS).
Active Addresses Thrive
Examining data more closely revealed that the Aptos network experienced a notable presence of active addresses over the past week; ranging from 17,000 to 21,000 active addresses each day. New users have also been steadily joining the platform with over 15,000 new accounts created during this period.
APT Price Declines
Despite this exciting milestone achievement by Aptos [APT], its price is declining with a possible bear trend on the horizon; causing APTs market cap in BTC’s terms to drop as well.
Total Value Locked & Stablecoin Market Cap Increase
Data gathered using DefiLlama shows that there is a correlation between Total Value Locked (TVL) and stablecoin market cap on Apto increasing significantly as well due to this surge in activity on the platform.
Conclusion
Overall, it appears that despite APTs price decline due to bearish trends, there is an increase in engagement on Aptos’ network due to its impressive milestone achievement of 1.5 million transactions within one week along with other metrics such as active addresses and new user sign-ups surging as well