Aptos' Stablecoin Volume Surges 36% in 30 Days, Driving Transaction Activity

Aptos has emerged as a significant player in the stablecoin ecosystem, ranking second in native USDT activity with over $30 billion in stablecoin volume. This achievement is complemented by 1.1 million monthly active users, highlighting the blockchain's growing user base and engagement. Aptos' stablecoin dominance extends beyond USDT to include USDC and USDe, creating a robust ecosystem that has attracted substantial user participation.

The blockchain's processing capabilities, with real-time finality of over 11,000 transactions per second (TPS), have been crucial to its widespread adoption. This backend strength has helped Aptos reach over $1 billion in native stablecoins, with average gas fees under $0.0008, currently the lowest in the market. This has driven transaction activity across the chain up 36% in the last 30 days, with Aptos processing over 172 million transactions during this period.

The recent partnership with Yellow Card for cross-border payments is expected to further boost Aptos' user base and transaction volume. Yellow Card customers can now transfer USDT and USDC instantly without gas fees, targeting mobile-first markets and ensuring sub-second settlement for daily payments and cross-border transactions. Africa, which leads global stablecoin adoption, is a key market for this integration, with 54 million digital asset users in Sub-Saharan Africa alone. This provision of stable, low-cost digital payment infrastructure could generate more retail volume than ever, positively impacting APT price action.

Despite the $30 billion volume surge, Aptos (APT) trades at $4.54, down 5.2% from its July 3 highs of $4.84. The Elliott Wave analysis on the 30-minute chart indicates that APT has completed a classic 5-wave impulse and is now in a corrective ABC pattern. However, many traders anticipate a bullish reversal if APT maintains the $4.40–$4.45 support levels. The integration with Yellow Card targets mobile-first markets and ensures sub-second settlement for daily payments and cross-border transactions, which could drive more retail volume and positively impact APT price action.

According to the analyst's forecast, APT is poised to move higher, given all these catalysts. Sonilapt, an Aptos supporter, suggested that APT could reclaim $6.00+ in Q3, as the price currently hovers around a critical demand zone near $4.50, with price action forming a falling wedge, a typical bullish reversal pattern. Popular crypto market maker CLS Global also shared its outlook on Aptos pricing. The liquidity provider expects early reversal signals if APT finds support around the $3.74-$4.16 zone. Accumulation from there is anticipated to push Aptos toward $5.30, $5.99, and $6.28, with $7.05 as a target.

However, concerns exist that the upcoming Aptos token unlock on July 12 might invalidate the bullish structure. With over $3.0 billion worth of tokens to be unlocked this July, Aptos alone accounts for 11.31 million APT tokens worth $52.74 million set for release. This equals 1.75% of Aptos tokens currently in circulation, which could bring CLS Global’s $3.74 target into play.

The APT/USDT daily chart shows a prolonged downtrend that appears to be stabilizing near the $4.50–$4.80 region, which has historically acted as strong support. Price action over the past 290 days has formed multiple falling wedge patterns, typically viewed as bullish reversal formations, suggesting the possibility of an imminent breakout. APT is currently trading at $4.529, hovering just below the $4.813 horizontal resistance. If buyers can push the price above this level, the chart identifies key upside targets at $6.18, $7.40, and more aggressive long-term projections toward $10.38 and $12.00. These targets align with potential Fibonacci extensions and previous resistance zones, providing a roadmap for a bullish recovery if momentum develops.

Given the compressed price structure and the completion of a lengthy consolidation phase, APT is positioned for a potential trend reversal; however, confirmation requires a clean break above the $4.81–$5.00 resistance. Without that, continued accumulation around current levels could persist until volume and breakout strength return.