• Aptos (APT) reached an all-time high of $19.92 per unit on Jan. 26, 2023, and then lost 20% of its value over the next five days.
• Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange rate.
• Out of the thousands of cryptocurrencies in the industry, APT is ranked 28th in terms of market capitalization and has a circulating supply of 161,361,143 APT with a global trade volume of $423.74 million.
On Jan. 26, 2023, the cryptocurrency asset aptos (APT) surged to an all-time high of $19.92 per unit, a monumental rise of 400% since late December 2022. The currency has since dropped 20%, trading between $15.89 and $17.48 per coin in the 24 hours leading up to Feb. 1, 2023. Despite the decrease, APT is still up 349% compared to its last month’s exchange rate.
APT is currently ranked 28th in terms of market capitalization out of the thousands of cryptocurrencies in the industry, with a circulating supply of 161,361,143 APT and a total value of $2.55 billion in USD. The global trade volume for APT was $423.74 million in the past 24 hours, with 57.32% of it being exchanged for Tether (USDT) and 18.15% traded for the Korean won (KRW), making the Korean won APT’s largest fiat currency pair. About 1.46% of all APT trades today are exchanged against the Turkish lira.
In the decentralized finance (defi) space, APT has $61.24 million total value locked (TVL) in defi on Feb. 1, 2023. Pancakeswap dominates the APT value locked in defi with 59.76%. The Aptos team and community have been striving to increase the usage of APT in the defi space, with plans to launch a decentralized exchange and introduce more defi solutions in the near future.
Despite APT’s 20% decrease from its all-time high, it is still up significantly from its December exchange rate. With the Aptos team and community continuing to develop and expand the cryptocurrency, APT could continue to gain traction in the crypto market, making it a great investment opportunity for those interested in the blockchain technology.