Aptos price is rising, but 7% staking yield comes with a major risk | Headlines | News | CoinMarketCap

07/17/2024 21:04
Aptos price is rising, but 7% staking yield comes with a major risk | Headlines | News | CoinMarketCap

Aptos price has risen for six straight days as Bitcoin and most altcoins have continued making a comeback. Encouraging user metrics Aptos (APT), a …

Aptos price has risen for six straight days as Bitcoin and most altcoins have continued making a comeback.

Encouraging user metrics

Aptos (APT), a relatively new layer-1 blockchain, has shown strong user metrics as interest in its network has increased. Data shows that the number of addresses has risen from 74,000 in January to over 186,000.

These users have significantly boosted their transactions within the network. One of its biggest accomplishments occurred in May when the number of transactions jumped to over 117 million in a single day.

Meanwhile, its Decentralized Finance (DeFi) ecosystem is performing better than that of Cardano, one of the biggest cryptocurrencies. Aptos’s total value locked (TVL) has surged to a record high of 53.4 million APT, up from the year-to-date low …

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