Aptos Sees 30-Day High in Smart Contract Deployments, 11.6 Million MAU

Aptos, a blockchain platform, has recently experienced a surge in development activity, with smart contract deployments reaching a 30-day high of 1,200 contracts in a single day. This increase in development activity suggests that improvements or additions are being made to the chain, which could potentially lead to increased usage of the Aptos token (APT).

In addition to the rise in development activity, Aptos has also seen a significant increase in on-chain activity. Monthly Active Users (MAU) reached 11.6 million, recovering from a decline in May and hitting the highest level in over a month. Meanwhile, the Transaction Count hit 5.3 million, the most since February. This renewed network usage indicates that users are actively engaging with the platform, rather than passively holding the token.

Despite the sluggish price action of APT, which has struggled to move beyond $0.48 for several days, analysis suggests that a potential shift could be near. This is due to the rising development activity and liquidity inflows, which could favor an altcoin upswing. The surge in Trading Volume on Decentralized Exchanges (DEXs) to $196.1 million, nearing its recent peak, also signals stealth accumulation, with traders loading up rather than dumping.

Liquidity inflow into Aptos protocols has also surged, with Total Value Locked (TVL) climbing from $1.273 billion to $1.365 billion in less than a week. This trend of inflow into DeFi protocols and Trading Volume could signal that APT is nearing a breakout. The increased liquidity and on-chain activity confirm a bullish sentiment, with the participation of new users potentially fueling APT’s potential breakout.