According to Odaily, the financial ecosystem of Aptos has experienced remarkable growth and several key developments. In November, the Total Value Locked (TVL) on Aptos surpassed $1 billion for the first time, marking a 19-fold increase year-over-year. This significant milestone highlights the platform's expanding influence in the blockchain space.
In the same month, BlackRock extended its BUIDL initiative to include Aptos, along with four other blockchain networks. This move underscores the growing interest and investment in Aptos from major financial institutions. Additionally, October saw the launch of a native token contract for USDT, the largest stablecoin by market capitalization, on the Aptos network. Following this, USDC, the second-largest stablecoin by market capitalization, also introduced a native token contract on Aptos in November.
The Aptos platform is also witnessing the development of innovative financial platforms. For instance, Propbase, a real estate tokenization marketplace, sold out its initial offerings in July. Furthermore, the Echo Protocol, which aims to bring Bitcoin liquidity to Aptos, was launched in August. These initiatives reflect the diverse range of financial applications being built on the Aptos network.
Moreover, the daily trading volume on decentralized exchanges (DEX) on Aptos has seen a dramatic increase. From last year's $750,000, the volume has surged by 2,700% (28 times) to reach $21.5 million. This substantial growth in trading activity indicates a rising adoption and utilization of the Aptos platform within the decentralized finance (DeFi) sector.
Catherine
