Welcome back to Aptos’ Weekly Overview. The best place for Aptos community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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By The Numbers
Aptos daily txns: 2.7M (+3.85%)
Network transactions per second: 51.41 tx/s (+3.44%)
Daily active users: 705.4K (+103.4%)
Aptos TVL: $900.59M (-4.36%)
Aptos stablecoin market cap: $1.29B (-5.84%)
The percentages and metrics are based on a 14-day timeframe, unless noted otherwise.
Inside the blockchain
🌐What happened: Decibel, an onchain trading platform, is now live on Aptos Devnet with its waitlist open to the public.
🌐Why does it matter: The onchain trading environment is crowded, but Decibel wants to unify the fragmented trading experience for users. It’s creating a cohesive, composable platform that integrates DeFi strategies like spot trading, perpetual futures, vaults and lending into one place. Powered by Aptos’ parallel execution engine, Block-STM, it’s “remastering DeFi for the new sound of trading,” the team stated on X.
All in, it’s creating a centralized exchange (CEX)-like experience, while maintaining the transparency that decentralized exchanges (DEX) offer. While it is an onchain trading platform, the team stated it’s “not just for traders,” as its infrastructure is programmable for DeFi and institutional finance builders.
Furthermore, this new platform can strengthen the foundation for scalable, inclusive and efficient global finance by enhancing capital flows. Since Decibel provides onchain orderbook liquidity and a framework-level Central Limit Order Book (CLOB), it creates a loop where increased trading volumes and liquidity can benefit all Aptos-based protocols.
🌐The big picture: Looking ahead, Decibel can become a framework where one protocol can provide a ripple effect of benefits to the entire network, creating a more unified financial ecosystem.
Decibel is designed to act as the execution layer for the Aptos ecosystem by enabling high-speed trading for protocols without compromising on control. This aligns with Aptos’ vision to become a global trading engine as it can “drive smoother onchain user experiences, foster onchain liquidity, deepen asset composability, and expand greater yield and wealth opportunities,” Aptos Foundation Head of Ecosystem Ash Pampati outlined in an X post.
This brings a positive-sum dynamic, where increased trading activity can enhance liquidity and enable applications like DEXs or lending protocols to foster cross-chain compatibility. As well, its decentralized manner provides a solution for more transparent execution, which creates greater scalability and trust.
As Aptos continues to grow its DeFi and RWA sectors, Decibel’s release can position the network as a place that facilitates an aggregated financial ecosystem.
The ecosystem is makin’ Moves
Echelon shared it hit $100M in bitcoin TVL for its modular money market protocol
STAN, an onchain gamer profiles and social experiences platform, raised $8.5M with contributions from Aptos, Google, Bandai Namco and more
Fiamma Bridge launched its bridge for cross-chain bitcoin transfers between Aptos and other supported blockchains
Tapp Exchange hit an all-time highs for TVL at $6.3M TVL on Aug 5, and daily DEX volume at $5.7M on July 25, DefiLlama data shows
OKX Wallet integrated Petra for users to manager their bitcoin-native assets and earn rewards using various Aptos protocols
Goblin Finance released initial details about its Aptos-powered liquidity management strategy layer
ICYMI: Listen to the India community’s experience from the Aptos Accelerator
Thala shared its daily DEX volume is up 900% on the year to $200M
Aptos Labs’ Haley and Aptos Foundation’s Alix released their ninth Yapt episode featuring Panora Co-Founder Shraddha Agarwal
Aptos network wins
The network had its highest recorded month in terms for DEX volume at $5.77B in July, according to DefiLlama data
Aptos saw a new high on the year for fees generated on the network at $68.3K on July 31, Artemis data shows
Real-world asset value on Aptos rose 34% on the month to $720.86M, RWAxyz data shows
PACT Protocol led the way for RWA value on Aptos with $607.82M in total value, a 44.6% increase over the last 30 days
Aptos Labs released Move on Aptos, an officially supported language extension for VS Code, Cursor and other VS Code-based editors
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Sign up for Aptos Experience and join a global network of innovators in NYC from October 15-16 featuring Aptos projects on display
Applications for Aptos Ctrl+Move online hackathon are open until Oct 3
Listen to an X space about the hackathon, featuring Aptos Labs Head of Developer Relations Greg Nazario, as well as guest speakers from Circle and Dora Hacks
Check out OKX Wallet campaign with up to 50K in $APT rewards for users that deposit xBTC on Aries Markets, Echelon Markets, Echo Protocol, and Hyperion
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.