Aptos price has remained under pressure this year even as the network experienced strong on-chain metrics. 

Aptos (APT) retreated to $8.35 on Sunday, its lowest level since Nov. 5 last year. It has crashed by about 45% from its highest level in November. 

Aptos has strong on-chain metrics

Third-party data shows that Aptos is doing well as its ecosystem continues growing. According to Nansen, the number of active addresses on Aptos has continued growing in the past few months. It has over 1.2 million active addresses, up from less than 100,000 in August last year. 

More data shows that the number of transactions in Aptos has continued rising this year. Its 30-day transactions jumped by over 30% to 156 million.

Meanwhile, the total value in its ecosystem has continued rising.

According to DeFi Llama, the network has a total value locked of over $1.05 billion. Aries Markets, Echo Protocol, Amnis Finance, and Thala are the biggest players in its ecosystem. 

Sui also has over $792 million in stablecoins, higher than Sui’s (

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Author: Crispus Nyaga