ON–322: Aptos Mega Issue 🌐
Coverage on User Activity, Stablecoins, Real World Assets, Aries, Amnis, Thala, Echelon, Merkle, Echo, Hyperfluid, Cellana, and KGeN
📝 From the Editorial Team:
Welcome to OurNetwork’s fourth issue focused on Aptos, a network which has come a long way since we first covered it in April 2024.
Aptos’ total value locked (TVL) is up nearly 150% to $1.26B from $512M since OurNetwork’s first Aptos-focused issue, according to DeFiLlama. In APT terms, Aptos’ native token, the jump is even more stark — it’s hit 240.6M APT from 58.8M APT in late April. That’s an over a 300% increase, showing how strong the growth has been when accounting for crypto’s volatility.
There’s more to the story — this issue is jam-packed with the latest on the chain’s top DeFi protocols, across the lending, trading, and liquid staking space. We’ve got some bonus consumer coverage at the end too.
Enjoy!
👥 Haley | Website | Dashboard
📈 Q1 on Aptos — More Users, Stablecoins & DeFi Momentum
Q1 on Aptos set the tone for 2025. User activity is taking off with monthly actives nearing 15M. Meanwhile, Aptos ranks No. 4 by daily active users across all chains. Aptos also strengthened its position as a stablecoin powerhouse with the arrival of native USDC and USDe which have contributed over $200M in added stablecoin volume in 2025 — a 1000%+ increase year-over-year. Aptos continues to see strong DeFi momentum with projects like Aries Markets, Amnis Finance & Echo leading by TVL as DEX volumes soar.
During the week of March 10, DEX volumes on Aptos soared by $100M over just 5 days to reach $13.1B. This $100M increase signals growing user activity driven by demand for Aptos-based assets & new yield opportunities. Earlier this month, DEX volumes hit $13B with a week-over-week 20% surge in trading volume.
Quick Links: Disclosures
