Aptos On-Chain Special Report: Daily Transaction Volume Reaches 326 Million, TVL Grows Nearly 300%

Original Title: “Aptos Mega Issue”

Author: OurNetwork

Compiled by: Shenchao TechFlow

Welcome to the latest issue of our ecosystem's large thematic series. Here, we showcase the overall health and growth of emerging ecosystems through data-driven on-chain analysis.

Today, we are excited to introduce Aptos------a high-performance Layer 1 blockchain. The project launched on the mainnet in October 2022 and has continued to develop in 2024. On June 8, 2024, Aptos reached a historic high of 1.2 million daily active addresses, while in the third quarter of 2024, the average daily active addresses reached 180,000, an increase of 28% compared to the second quarter of 2024. Additionally, Aptos's total value locked (TVL) has grown by 294% year-to-date, from $174 million to $685.5 million, while the total cross-chain transaction volume this year reached $1.7 billion.

This issue will take you deep into Aptos's user trends, covering DeFi and consumer sectors on the chain, and exploring emerging protocols being built on this network through data analysis.

Aptos Large Thematic Report

Uyen Nguyen | Website | Dashboard

Aptos Sets L1 Daily Transaction Record with 326 Million Transactions in a Single Day, Surge in Consumer Application Usage

• Since its launch, Aptos has attracted nearly 22 million users, with 679,000 new users added in the week of August 19 alone. Recent milestone events include the integration of Tether's USDT, the first major stablecoin introduced in a Move-driven ecosystem, and processing over 326 million transactions in a single day in August. The surge in transaction volume is primarily attributed to the second game launched by game developer Tapos------a "click-to-earn" game that generated over 533 million transactions in just three days in August.

Artemis

• Since its launch less than two years ago, Aptos has attracted nearly 22 million unique users, with user numbers continuing to grow. The weekly average of daily active addresses (DAAs) on-chain has increased from 65,000 at the beginning of the year to 180,000, achieving a threefold growth.

Artemis

• As of this year, Aptos's cross-chain transaction volume has reached $1.7 billion. This figure comes from 5.2 million independent cross-chain transactions, primarily driven by LayerZero's Stargate Bridge. Earlier this year, from March 1 to May 1, Stargate's Aptos activity incentivized 71% of the cross-chain transaction volume ($1.2 billion). Since that activity, the weekly average transaction volume for cross-chain transactions has plummeted by over 90% from $150 million during the activity period to just $4 million over the past three months.

Flipside - @cristinatinto

Zachary Roth | Website | Dashboard

In 2024, TVL Grows Nearly 300% with New Protocol Launches and Ecosystem Maturation

• Aptos's total value locked (TVL) is on the rise, currently reaching $685.5 million, a 294% increase since the beginning of the year. 26% of the TVL on-chain ($177.4 million) is concentrated in Aries Markets, a major lending protocol on the chain. Another 20% ($136.5 million) is in Amnis Finance, a liquid staking protocol, and 19% ($129.4 million) is in Thala, a multi-product DeFi hub. These three protocols together account for two-thirds of the total TVL on-chain. Although Aptos's TVL peaked at $778.9 million in March, recent collaborations with Ondo Finance and Securitize, along with a series of products launched through Aptos Labs' Ascend program, demonstrate the potential for growth in on-chain institutional capital.

DeFiLlama

• Aptos currently has a stablecoin market cap of $180.2 million, with USDC accounting for 60% ($108.4 million). Since the beginning of the year, the stablecoin market cap has grown 3.6 times (from $49.3 million). The integration of Tether's USDT is expected to bring more liquidity to Aptos, as USDT holds about 70% of the stablecoin market with a supply exceeding $118 billion. The DeFi protocols on Aptos, with a total value locked (TVL) of $685.5 million, are also expected to benefit from the introduction of USDT.

DeFiLlama

• Aptos's DeFi ecosystem is continuously expanding. New protocols such as Meso Finance, Superposition, Joule, Mizu, and Ziptos have launched, while more protocols like Aave, Mirage, and Thetis are in preparation. Panora recently became the world's third-largest decentralized exchange (DEX) aggregator by 24-hour trading volume, following Jup and 1Inch. Meanwhile, Merkle's cumulative trading volume has exceeded $13 billion, averaging over $250 million in weekly trading volume in August, just in time for its TGE on September 5.

DeFiLlama

Econia

Econia Labs | Website | Dashboard

Econia's Total Trading Volume Exceeds $250 Million

• Econia is a hyper-parallel on-chain order book running on Aptos. One of the main advantages of the order book is its capital efficiency------it provides better pricing than automated market maker (AMM) decentralized exchanges (DEXs) by concentrating liquidity. This is reflected in Econia's performance, with a 24-hour trading volume of $550,000 and a total value locked (TVL) of $1.65 million, achieving a capital efficiency ratio of 0.331.

DeFiLlama

• Econia's APT-lzUSDC trading pair continues to maintain a stable 24-hour trading volume, fluctuating between $500,000 and $1 million, and reached a historical high of $1.7 million on August 13.

Kana Labs

Kana Labs | Website | Dashboard

Kana's DeFi Suite Total Trading Volume Exceeds $250 Million, with Monthly Users Over 3,700

• The DeFi trading suite provided by Kana Labs integrates over 9 blockchains, including EVM and non-EVM chains (such as Aptos). Their products cover cross-chain DEX aggregators, gas-free spot market platforms (supporting advanced order types), and perpetual options. So far this year, the cumulative trading volume of the DEX aggregator has reached $308 million, with daily trading volumes exceeding $11 million in the first three days of September, and a historical high of $12.4 million on August 31.

DeFiLlama

• Kana Labs has successfully introduced over 20,000 Web2 users to "T Wallet" in collaboration with SK Telecom. T Wallet is supported by Kana Labs' cross-chain liquidity and bridging aggregator, allowing users to swap tokens directly from their wallets. This collaboration not only enhances Kana Labs' influence in the Korean market but also positions its platform among the top five DeFi applications by monthly user growth percentage.

ChainBroker.io

• Kana Labs' Paymaster helps dApps attract more customers to their platforms by sponsoring gas fees for transactions on Aptos. Paymaster is currently used by Kana Labs, Chingari, Wapal, and Eragon, processing over 250,000 transactions daily for more than 100,000 users.

Dune - @kanalabs

Haley | Dashboard

Aptos Approaches 22 Million Users in Two Years, with 1.5 Million New Users in the Past Three Months

• As of now, Aptos has attracted nearly 22 million new users, with 1.5 million users joining on June 3 alone. Several new consumer applications, such as Kade's Poseidon and Nameless (which combines blockchain with physical event experiences), have launched on Aptos, attracting many new users. This growth trend is expected to continue, aided by the rapidly developing Web3 streaming platform Myco. Myco recently completed integration with Aptos and is expected to bring over 3 million active monthly viewers to the network this year.

Flipside - @Sniper

• There are five consumer applications on the Aptos platform that attract over 25,000 unique users (mUAW) monthly, with India's short video sharing app Chingari leading with nearly 2 million monthly active users.

DappRadar

• Meanwhile, NFT activity on the Aptos platform has seen a slight increase. Last week, due to Rarible launching on the network, and Aptos Monkeys, Kana Labs, Mercato, and Wapal jointly minting 1 million NFTs in just four hours earlier this year, Aptos's NFT trading volume reached $3 million. Additionally, in the second quarter, KYD Labs signed an agreement with Le Poisson Rouge, the first fully on-chain major venue in the U.S., successfully bringing hundreds of thousands of fans into Web3. Through integration with Aptos, KYD Labs has attracted 50,000 fans in just 10 months and achieved over $1 million in ticket sales.

TradePort

Tapos

Tapos | Website | Dashboard

Tapos Generates Billions of Transactions, Attracts 80,000 Users, and Processes 5,000 Transactions Per Second at Peak

• Tapos is a blockchain-based game that combines "click-to-earn" gameplay with a nostalgic experience of interacting with virtual pets. It helped Aptos break daily transaction records across all smart contract platforms, reaching 326 million transactions.

Flipside - @0xHaM-d

• Tapos's transactions are not simple: each transaction updates a global shared counter and a user's personal shared counter, using on-chain random technology to allow users to purchase mystery boxes and mint reward NFTs. Despite the complexity of transactions, gas fees and transaction delays remain low. Even during Game 1 (May 2024), the transaction volume on Aptos increased by over 2,500%, and during Game 2 (August 2024), it nearly increased by 5,000%, while gas fees on-chain remained very stable and affordable, with each transaction costing only 0.000008 APT.

Dune - @aptos

nameless

nameless nyc | Website | Dashboard

Captured Over 1,000 Event Interactions During 6 Weekend Street Festivals

• Nameless is an event platform that connects your physical and digital experiences through seamless token distribution. At the Bowery Land street festival in New York City, participants could scan QR codes to engage in a digital treasure hunt, easily collecting tokens from brand vendors. During the 11-day festival, 537 unique users engaged in over 500 event interactions.

Nameless (Internal)

• Nameless also provides digital and physical event participation solutions for the Mallorca Championships (ATP 250 professional tennis tournament). The platform transforms ordinary fans into active community members through digital collectibles and precise event planning. This event garnered 380,000 social media impressions from 288 community members.

Nameless (Internal)