Aptos recently unlocked 11.31 million APT tokens, representing 2.32% of the total supply, with a value of approximately $68.99 million. Despite concerns about selling pressure, the token's price remained stable at $6.10, showing a modest decrease of 1.77%. The project's total market capitalization remains strong at $2.97 billion, with a fully diluted valuation of $6.80 billion. Aptos has demonstrated substantial growth in 2024, with a surge in total value locked and consistent high volumes on its decentralized exchange. The project's architecture and scalability have contributed to its success, and it has seen the emergence of several key projects and applications in various sectors. However, Aptos also faces risks, including competition from other blockchains and the need for more robust infrastructure.
- Content Editor ( cryptobriefing.com )
- 2024-09-11
Aptos navigates token unlock amid layer-1 ecosystem growth