The number of active addresses on the Aptos chain is rapidly increasing, with monthly transaction counts exceeding 570 million

ChainCatcher news, according to The Block, Layer 1 blockchain Aptos is showing signs of growth in a sluggish crypto market. But as with everything in the blockchain space, the devil is in the details and data.

Last month, Aptos recorded 5.4 million active monthly addresses, a figure that rivals some more mature chains. The platform also reached a peak of 578 million user transactions last month, indicating frequent activity within its ecosystem. Meanwhile, the APT token has shown resilience, with a slight increase of 4.9% over the past 12 months.

The Block states that bot activity or airdrops can sometimes inflate transaction numbers and active addresses. High transaction volume does not necessarily mean meaningful economic activity. Promotions and token distributions can lead to temporary spikes in activity. Rapid growth is exciting, but a sustainable ecosystem needs to strike a balance between new users and retained, engaged participants.