Aptos (APT) has experienced steady price movement, unable to break through the $0.48 mark for several consecutive days. However, recent analyses indicate that a change may be on the horizon, supported by rising development activities and liquidity inflows that could potentially propel the altcoin upwards. Notably, Aptos has seen a significant increase in smart contract deployments, with recent figures from Nansen indicating a single-day total of 1,200 contracts. This spike represents the highest deployment rate in the past month, suggesting ongoing improvements to the network that may increase APT usage.
During this period, trading volume on decentralized exchanges (DEXs) has also witnessed a notable increase, reaching $196.1 million, which is approaching the peak of $202.6 million recorded in late June. This uptick in trading activity, occurring amidst a sideways market, hints at silent accumulation, as traders appear to be gathering positions rather than offloading. Supporting data further highlights a possible market rebound, with liquidity flow enhancing this accumulation narrative. As of now, liquidity inflows into Aptos protocols have surged again, with the Total Value Locked (TVL) increasing from $1.273 billion on June 23 to $1.365 billion by June 28.
This $92 million inflow within such a short time frame underscores a robust interest in DeFi protocols and trading, which might signal a forthcoming breakout for APT. Additionally, data from Artemis reveals a significant resurgence in monthly active users (MAU) and on-chain activity, with MAU climbing to 11.6 million—the highest level seen in over a month. This increase in user engagement, coupled with growing transaction numbers, reinforces a bullish outlook for Aptos, suggesting that ongoing participation could indeed facilitate APT’s breakout potential.