January 31, 2023, 1:53PM EST
• 6 min read

Layer by Layer: Aptos Ecosystem Shows Muted Response to Price Run

Quick Take

  • The Aptos L1 network has captured recent attention from a dramatic rise in the price of its native APT token in early 2023
  • Despite significant increases in trading volume on centralized exchanges, on-chain activity has not exhibited a proportionate increase
  • Ethereum assets comprise a major portion of Aptos ecosystem TVL, suggesting that DeFi users from Ethereum and other L1s may be the key to growing Aptos DeFi usage going forward

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