Aptos Stablecoin Surges, But APT Price Still Down Amid Weak Fundamentals
AI Summary1 min read
TL;DR
Aptos stablecoin supply surged 5.3X, boosting liquidity and competing with Ethereum and BNB Chain. Yet, APT price is falling due to lower DEX volume and transactions, with a bearish trend.
Tags
AptosEthereumBNBstablecoinAPT priceDEX volumecryptocurrency
Aptos's stablecoin supply has grown by 5.3X in a year, driving its liquidity and challenging Ethereum and BNB Chain. However, Aptos's price is declining despite this growth due to declining DEX volume and transactions per second. The price is currently trading inside a descending trend channel and has a mildly bearish structure.
