Aptos' Value Surges 16.5% Weekly, Boosted by Stablecoin Usage and Low Fees

Aptos, a Layer-1 blockchain, has seen a significant surge in its value, with a 16.5% weekly gain. This increase comes despite global macroeconomic uncertainties and concerns about tariff wars. The blockchain now ranks 30th by market cap, valued at over $3.3 billion. This rise is attributed to several factors, including a surge in stablecoin usage on the Aptos network and extremely low transaction fees, averaging just $0.001. These advantages have made Aptos a popular option on major centralized exchanges like Binance, Bybit, and Bitget. In November 2024, Bybit announced support for $USDT on Aptos and joined the “Gas-Free Carnival Event,” waiving withdrawal fees for $USDT, further boosting adoption.

In April, Aptos crossed a major milestone of over $1 billion in stablecoin supply, demonstrating its growing role in digital settlements. This development reinforces the platform’s potential as a cost-effective, scalable solution for institutional and retail users alike. In April 2024, Aptos Labs announced a collaboration with Microsoft, Brevan Howard, and SK Telecom to provide institutional gateways into decentralized finance (DeFi). This partnership unveiled Aptos Ascend, a suite of solutions designed for compliance, privacy, and KYC-friendly DeFi integration. On April 23, Aptos became the official digital wallet provider for Expo 2025 in Osaka, Japan, a major step toward mainstream visibility. In its first week, the platform processed over 558,000 transactions and registered 133,000 new user accounts, showing an increasing public interest in blockchain utility. In March, Bitwise Asset Management submitted an S-1 registration to the U.S. SEC to launch the Bitwise Aptos ETF, which, if approved, will offer regulated exposure to the Aptos token. This could mark a major milestone in $APT’s journey toward becoming a blue-chip crypto asset.

Despite the surge, Aptos faces resistance near $5.50. The $APT/$USDT price currently hovers near $5.38. Recent attempts to break higher have encountered resistance as momentum appears to stall. A magnet symbol near the $5.50 region shows an area of strong attraction. Above this zone, the next key resistance level is marked at $6.00, an important target that traders may eye in the short term if bullish momentum persists. However, caution is warranted. The RSI (Relative Strength Index) is 68.56, nearing overbought territory. A bearish divergence has already been formed. The price made a higher high while the RSI made a lower high. This is often one of the earliest warning signs of weakening momentum and potential reversal or pullback. If a pullback occurs, the lower bound of the wedge (~$5.00 area) will be the first major support to watch. A breakdown below this line could trigger a retest of the $4.54 support zone.