Aptos: Token makes 400% in 30 days and hits new all-time highs

Amid the market recovery, the blockchain gives Apt has been standing out. It has become one of the top tier one blockchain bets after the native token, APT, reached an all-time high of $18.40.

The blockchain of Apt was developed by ex-Meta employees, and has already been launched in the market, raising a large sum of money through venture capital.

The token has been on an upward trend since the beginning of this year, rising from $3.4 on January 1st to $18.4 and accumulating a 400% appreciation in thirty days.

As far as the decentralized finance (DeFi) of the network is concerned, the blockchain has a total lock value (TVL) of $58.77 million, according to DefiLlama, and sees a growth of 7.6% in twenty-four hours.

Its greatest dominance is through the PancakeSwap brokerage, which holds about 58.14% of TVL, which may not be very healthy for analysts.

Through an integration announced at the beginning of the year, which was probably what caused the token to rise, the most used decentralized exchange on the BNB Chain is now compatible with Aptos.

The blockchain ecosystem is still under development, but there are already some applications such as DEXes, virtual wallets that integrate with the ecosystem and even a marketplace for NFTs.

With Petra, you can explore all the places and do all the things on Aptos! 🙌

Check out the rich Petra ecosystem and start exploring Aptos today on https://t.co/9C1g39SugK. pic.twitter.com/s72XQQbZNA

— Petra (@PetraWallet) November 16, 2022

Some analysts believe that this impressive rise is just a market euphoria with the news, added to the market recovery movement.