Aptos hits stablecoin milestone: $1B market cap signals growing institutional interest

by SK
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Aptos transactions this week: 28M (-2%)

Network transactions per second (TPS): 46.2

Active users: 5M (+7.9%)

Total staked APT: 856.54M (-0.3%)

Aptos total value locked (TVL): $965M (+0.9%)

NFT weekly sales: 1.8K (-13.4%)

The percentages and metrics are based on a 7-day timeframe from Flipside data as of March 24, unless noted otherwise.

🌐What happened: Aptos hit $1 billion in stablecoin market cap on the network for the first time. 

🌐Why does it matter: Stablecoins continue to show strong growth on the Aptos network, as the asset class has seen an increase of nearly 1,000% year-over-year. The milestone can be seen as an important step for Aptos because it’s able to show that it’s a blockchain capable of handling a rise in stablecoin volume and has inflows on this front following its support of USDC, USDT and USDe. 

Stablecoins have arguably found product-market fit across the entire digital asset landscape, as most major blockchains offer them natively or bridged for users. The asset offers users a bridge between the crypto and fiat, while being able to maintain a 1:1 peg to assets like the U.S. dollar. 

As the digital economy grows, stablecoins look to be an infrastructure layer that enables blockchain transactions without the friction of traditional financial systems. 

In relation to Aptos, its recent partnerships with Stripe for USDC-based merchant transactions, Tether for USDT support and Ethena’s USDe deployment, can show an increase in institutional interest in the platform’s capabilities.

To dive deeper into the numbers, USDC on Aptos saw a 106% increase in its market cap in just this past month alone, DefiLlama data shows. This percentage gain added nearly $153 million of stablecoin value to the ecosystem, the most against other dollar-pegged assets on the network. USDT also saw growth on Aptos this past month, but at a 9.59% increase at $59.5 million. 

This growth could make the Aptos ecosystem an attractive environment for developers to build payment-focused applications because of its liquidity options. The presence of major stablecoins provides necessary liquidity for DeFi protocols and payment systems that require stable value transfer.

🌐The big picture: As stablecoins gain traction on Aptos, the network is positioning itself as a specialized platform for payment applications. This focus on practical financial use cases rather than speculative applications aligns with broader market trends.

The growing stablecoin adoption on Aptos could encourage more builders and users looking for a strong stablecoin market. If this trajectory continues, Aptos may become an increasingly important player in the next generation of digital payment systems.

Crypto Tax Calculator integrated Aptos technology to assist with automated calculations 

Amnis Finance launched its governance token, tradable on exchanges such as Bybit, MEXC, Cellana and more

Binance added support for native USDC on Aptos to its trading exchange

Tokenized real world total value on Aptos hit $338.64M (shown below)

Source: RWA.xyz

US Representative Bryan Steil joined Aptos Labs CEO Avery Ching to discuss DeFi and the rise of stablecoins

Aptos Labs’ Haley and Aptos Foundation’s Alix released their fourth Yapt episode featuring Amnis Finance CEO Eric Hung Nguyen

Kaito integrated the Aptos ecosystem to its Yaps initiative, a social finance platform that rewards users 

Hyperfluid rebranded its onchain trading orderbook to Hyperion

Kana Labs released a leaderboard for its trading platform, ahead of its mainnet launch

Aries Markets daily active addresses are up 541% from 480 to 3.1K (shown below)

Source: Token Terminal

You might have seen these Aptos-related headlines recently…

Aptos Recorded 15M Monthly Users in Q1 2025: Rising Adoption Puts APT Near Crucial Level (Coinspeaker

BitGo Adds Custody Support for Aptos Digital Asset Standard (BitGo

Move Madness: Powering the Next Gen of DeFi Super Apps on Aptos (Aptos Foundation Blog)

State of Aptos (Dune)

Amnis Finance: Innovative Liquidity Management on Aptos (Messari)

Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation here

Learn about Emojicoin and how emotes can be used as a tradeable asset on an X space on March 29 at 2PM EST

Aptos and Xangle are hosting an event on April 14 in Seoul, South Korea for attendees to submit project ideas for a chance at a $10K prize pool

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.

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