One of Aptos’ largest protocol by TVL just hit a new peak, showcasing the DeFi growth
Aptos Weekly Overview - April 3, 2025
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By The Numbers
Aptos transactions this week: 8.3M (-70.4%)
Network transactions per second (TPS): 49.4
Active users: 1.9M (-67.2%)
New users this week: 668.8K
Total staked APT: 874.32M (-0.7%)
Aptos total value locked (TVL): $1.1B (+3.6%)
NFT weekly sales: 3.7K (+103.5%)
The percentages and metrics are based on a 7-day timeframe from Flipside data as of April 2, unless noted otherwise.
Inside the blockchain
🌐What happened: Echelon Market hit an all-time high passing $200 million in TVL, with about $107 million coming from borrowed amounts, according to DefiLlama data.
🌐Why does it matter: Echelon Market is a borrowing and lending protocol built on the Aptos blockchain. It provides users a way to access permissionless leverage opportunities by taking out loans against their assets. Echelon Market supports some of the highest digital assets by market cap such as BTC, ETH, USDT and APT, amongst others.
The protocol aims to maximize capital efficiency by providing affordable borrowing rates in the DeFi ecosystem. By integrating risk management techniques and known tokens, it hopes to provide an easier access point for users who want to earn yield on their assets.
The borrow and lend protocol on the Aptos network has been on an upward trajectory since February. It is over 100% higher from its TVL of $140 million a month ago.
Additionally, Echelon Market has a points system embedded into its platform. This means users who participate and lock up their funds on the protocol can earn points. In turn, this can be contributive to the uptick in usage because new point seasons typically boost user activity.
🌐The big picture: Typically, the TVL metric is associated with DeFi as it reflects the amount of assets within a protocol or network. In regards to Echelon Market’s case, and it being a borrow and lend protocol, a high TVL can be indicative of how much working capital is being used.
As of recent, the broader Aptos network TVL rose by about 37% in the past two months to $1.67 billion. This can point to more long-term users and an engaged ecosystem on Aptos, after the recent market drawdowns.
The start of Echelon Market’s Season 2 points leaderboard has yet to be finalized, but the team hinted it's in the works. If operated smoothly, its rise in TVL has the potential to pave the way for sustained growth across the protocol and broader Aptos ecosystem.
Ecosystem wins
Network dApp metrics are up week-over-week, according to DappRadar:
Unique active wallets: 5.99M (+16.57%)
Transactions: 20.47M (+12.46%)
Volume: $746.72M (+1.43%)
KGen hit 498.2K active addresses on March 30, marking a yearly high for the gaming platform, Token Terminal data shows
Kryzel launched its Aptos-built sports betting platform to testnet
USDT holder count on Aptos saw a 13% increase throughout March, hitting an all-time high of 1.2M, RWA.xyz data shows
The community is makin’ Moves
Check out the refreshed Aptos Collective, the ecosystem’s ambassador program to provide resources for projects on the network
ICYMI: Listen to an X space that showcased ecosystem projects such as Econia Labs, Kana Labs and more to dicuss the latest features in Move
Learn why project founders chose to build on Aptos in a video by X user Pukecast
Noctra Protocol and VibrantX Finance partnered to combine AI tech into yield protocols in hopes to enhance liquidity across the Aptos network
Join in the fun
Want to dive into the ecosystem? Find the latest job postings on Aptos Foundation here or check out an event below:
Listen to Amnis Finance CEO and Co-Founder Eric Nguyen speak about the protocol’s plans post-TGE
FlipVault is giving away NFTs to users before its testnet launch on April 14
Panora is hosting a campaign for users that swap on its platform can win a piece of a 3,100 APT token prize pool
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This product was built by Token Relations.
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.