Blackrock launches its tokenized BUIDL fund to Aptos and four other blockchains
Aptos Weekly Overview - November 14, 2024
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 transactions this week: 28.7M (+5.8%)
Network transactions per second (TPS): 47.4
Active users: 2.9M (+14.7%)
New users this week: 1.1M
Total staked APT: 912.11M (+0%)
Aptos total value locked (TVL): $1.01B (+16.5%)
NFT weekly sales: 6.7K (+40.8%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of Nov. 11, unless noted otherwise.
Inside the blockchain
🌐What happened: BlackRock deployed its USD Institutional Digital Liquidity Fund (BUIDL) to five blockchains, including Aptos as the only non-EVM chain.
🌐Why does it matter: BlackRock is one of the world’s largest asset managers with over $11 trillion in assets under management (AUM). Its BUIDL fund, tokenized by Securitize, makes up $517 million of that total AUM.
The firm’s decision to bring BUIDL to more blockchains beyond Ethereum opens the door for institutional investors to get access to other chains, while also opening opportunities to existing users onchain. It also is a signal of trust from BlackRock, which selected only a few blockchains to deploy its fund onto.
Tokenized assets have grown immensely in value since the beginning of the year, going from $74.8 billion to $98.6 billion. This represents a 32% increase and makes for a strong case that there is growing institutional interest in tokenization. Aptos has also seen significant traction onchain as its total value locked surpassed $1 billion earlier this week, DeFiLlama data shows.
Aptos’ framework is designed to offer increased speeds, greater security, and lower transaction fees in comparison to its competitors. When considering these factors, it makes for a reliable infrastructure for financial investors who want alternative solutions for their investing wants such as the blockchain.
🌐The bigger picture: The addition of BUIDL can enhance Aptos’ onchain liquidity and drive more institutional players onchain. It can also be an indicator that blockchain technology is becoming a more viable solution in traditional finance.
As tokenized assets become more popular and its benefits become more accepted, networks like Aptos could contribute to the drive of mainstream adoption for digital finance.
Traditional financial firms like Franklin Templeton, Ondo Finance, and BlackRock have embraced Aptos, further establishing the blockchain’s position in the development of real-world asset tokenization.
Ecosystem wins
Bitwise announced it will launch the world’s first Aptos Staking ETP
Zero1 Labs shared it will provide Aptos developers with tools to scale AI-driven dApps
Amnis Finance posted it’s end of year recap highlighting 2024 developments
Aside from TVL, other Aptos metrics have reached all-time high levels (shown below):
Stablecoin market cap hit $294.32M on Nov. 10
Transaction volume hit $83.14M on Nov. 11
Source: DefiLlama
The community is makin’ Moves
Spooks Labs hosted a spaces on X about community-run projects on Aptos
Learn more about Aptos’ growth around finance and consumer apps in a thread by X user im_rajaali
Want to explore DeFi on Aptos, but don’t know where to start? Check out this thread by X user thecaptaingates on how to get involved
By the headlines
You might have seen these Aptos-related headlines recently…
Aries Markets Becomes The №1 DeFi App On Move Ahead Of The 2-Year Anniversary: Annual Report (Aries Markets on X)
Bitwise to Launch First-Ever Aptos Staking ETP on SIX Swiss Exchange (BSCN)
BlackRock's tokenized fund BUIDL expanding to Aptos, Arbitrum, Avalanche, Optimism and Polygon (The Block)
Join in the fun
Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here.
Participate in Aptos’ ongoing quest on Galxe as part of its 2-year mainnet anniversary
Contribute to the development of the Aptos network by joining their monthly proposal meetings
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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.