Cryptocurrency Aptos saw a 4% decline in its value over the last 24 hours as the unlock of 4.5 million APT tokens nears. At current market prices, the unlock has been estimated to be worth around $50 million. This new unlock will induce an additional 0.5% of circulating token supply, adding to 186 million tokens in total.

As recorded by the DeFillama platform, the Decentralized Finance (DeFi) activity on the Aptos network has been notably growing, increasing over 50% within the last week and an astounding 80% in the past month. This led to the Total Value of Assets Locked (TVL) to attain a high of $50 million in February. However, over the last 24 hours, the TVL has declined 0.11%, settling to a current value of $55.27 million.

In order to provide a better experience for users, Aptos recently released the AIP-17 proposal that sharpened the gas efficiency of the network. This development was highly acclaimed as it will allow users to devote less gas usage, seeing an improvement of 10x or up to even 100x, depending on the type of transaction, while few protocols noted the dramatically improved type safety, Move VM, and the Aptos framework code as a result of the network being tested by Move Bit, Otter Sec, and Halborn Security.



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