Aptos sees spike in TVL and user growth: can APT price keep up?

(Originally posted on : Invezz )

Aptos (APT) is one of the top gainers on the day as bulls extend upside above the $10 level. 

CoinMarketCap shows Aptos’s price has moved +5% in the last 24 hours to trade at highs of $10.47.

The uptick has seen the altcoin’s value move from the low of $9.86 to break resistance at the psychological $10 level, with daily trading volume rising a notable +43.8% to over $410 million.

APT bounced after a double bottom pattern formed recently.

Gains see bulls testing resistance levels also seen in October.

If prices rise further, the next key zone could be $14.

Above that there’s the March 2024 peak above $18 and the all-time high of $19.90 reached in January 2023.

On the downside, primary support could be around $5.5. 

Key TVL, user growth

APT rose this week as Bitcoin topped the $102k level amid buying from MicroStrategy.

However, Aptos’ impressive price gains of over 17% this past week have come as the layer-1 proof-of-stake (PoS) blockchain recorded key milestones to start 2025.

Kicking off the year higher for Aptos has been the network’s total value locked.

After falling from its peak in Dec., the TVL has added an impressive $220 million in the past seven days.

This has pushed Aptos’ TVL, per data from DeFiLlama, from around $1.58 billion on January 1 to over $1.81 billion on January 7, 2025.

The growth has also occurred in the number of active wallets.

According to on-chain data analyst Azin, about 4.3 million wallets actively interacted with the Aptos platform in the first seven days of the year.

The analyst also pointed to the total wallets having surpassed 43 million.

Between December 30, 2024 and January 5, 2025, Aptos registered 1.55 million new wallet addresses.

Aptos’ TVL and user growth highlights the L1 network’s growing dominance in the decentralized finance space. 

This has been helped by projects such as StakeStone expanding its Bitcoin DeFi,or BTCFi offering on Aptos with the launch of SBTC and STONE. 

Both are live on Echelon, a platform that brings borrow and earn opportunities via stablecoins, liquid staking tokens, real-world asset and BTCfi integrations.

NFTs, LSTs, RWAfi and BTCfi are among market segments that will see Aptos rise further. 

Currently, the token is underperforming the likes of Sui (SUI), which is up more than 508% in the past year.

APT price is only 16% up in the same period.

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