OurNetwork Report Summary on Aptos DeFi 2024

The latest OurNetwork report offers a comprehensive overview of Aptos’ exceptional progress in 2024. Some of the key takeaways include:

1. Massive Ecosystem Growth

Aptos now boasts 330+ projects, driven by its speed, security, and scalability. The network surged to 6th overall in daily active addresses, peaking at 1.2 million in late November. Monthly active addresses reached an all-time high, nearing 9 million users—a remarkable 10x increase from January.

2. Explosive DeFi Expansion

  • TVL (Total Value Locked): Grew 20x this year, reaching $1.2B.
  • Key Players:
    • Amnis Finance: Leading liquid staking protocol with $390M TVL and a 770% increase in active wallets.
    • Echo: Surpassed $250M TVL within three months, bridging BTC to Aptos.
    • Kana Labs: Attracted 3M users in a month, processing 70M+ transactions with its Paymaster feature.
    • Thala: First Aptos DEX to exceed $3B in cumulative spot volume.

3. Innovation Showcase: Emojicoin

The platform emojicoin.fun enables users to create and trade emoji-based tokens. Within its launch month:

  • 1,933 tokens were created.
  • 27,559 unique addresses participated.
  • $33.6M in trading volume was recorded.

4. Stablecoin Momentum

Aptos’ stablecoin market cap reached $320M, boosted by native USDT integration. Upcoming USDC integration will further strengthen its position, with stablecoins now comprising 25% of Aptos’ TVL.

5. Looking Ahead to 2025

With over 2 billion transactions processed and exponential growth across the ecosystem, Aptos is poised to become the leading blockchain for institutions, builders, and users.

Aptos’ transformative year signals strong momentum heading into 2025. The future is bright for its ever-growing ecosystem!

Make sure to read more below as well as the OurNetwork Report in full which I’ve written about before on the Forum :point_down:

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