Aptos – AMBCrypto

• Aptos price action shows promise of price rise.
• The TVL value, number of transactions, and speed of the blockchain are growing.

Aptos [APT] The pair has been in a downtrend since April, with price action following a downtrend line since May. The APT/USDT pair on the daily chart has touched this trendline four times, and each time it has faced rejection.

However, during the fourth touch, the price did not drop to a lower level, indicating a possible weakening of the downtrend.

Additionally, a head and shoulders pattern has been formed, which is a common signal of price reversals if the neckline is broken and held above.

For APT to confirm the $4.30 level as the floor for the current session, the price must break the $7.50 level and remain above this level.

Source: Giray/X

Achieving this target could pave the way for a potential rally towards $10 or more by the end of this year or early 2025, as more metrics show.

Aptos and TVL Certification

Key metrics for Aptos indicate increasing adoption. Aptos’ total value locked (TVL) currently stands at $439 million, ranking it 18th overall and 6th among non-EVM chains.

Despite only launching its mainnet in 2022, Aptos has quickly climbed the TVL rankings, indicating a strong entry into the market.

TVL has remained stable despite price fluctuations, indicating strong asset trading and increased confidence in the platform.

Source: DefiLlama

Additionally, the market cap of stablecoins on Aptos has expanded, reinforcing the idea of ​​rising adoption and trust.

Active users and daily transactions

Aptos is seeing steady growth among layer 1 blockchains. Over the past 18 months, the number of active users has been steadily increasing, exceeding 200,000 per day.

This staggering number makes it the 13th largest blockchain (layer 1 and layer 2). The average user transaction on Aptos Explorer is 1 million transactions per day.

Although interpreting transactions can be complex, the high number of daily active users supports the high levels of activity in the network.

Source: Token Terminal

Transaction speed and scalability

Aptos is known for its fast transaction speed, averaging around 25 transactions per second (TPS). In the past 30 days, it has peaked at 12,000 transactions per second.

It has proven its ability to scale with record transaction volume. In May, the network processed nearly 100 million transactions in a single day.

Over the course of four days, the platform handled 325 million transactions, maintaining over 2,000 transactions per second for over 24 hours, with peaks reaching nearly 5,000 transactions per second.

This performance highlights Aptos’ ability to handle large transaction volumes efficiently.

Source: Token Terminal

Read Aptos Book [APT] Price forecast 2024-2025

Aptos shows strong potential to achieve higher prices, supported by its adoption metrics, active user base, and scalability.

With the price approaching key resistance levels and adoption growing, APT could see a significant upward movement, making it a promising investment in the near future.