Aptos has officially joined the giants in the RWA (real-world asset) tokenization sector.
The latest blockchain data shows it holds over $719 million in RWA total value locked.
It has eclipsed Solana and Stellar to become the third-largest globally, only behind Ethereum and zkSync Era.
Surpassing 700M in RWAs
Sitting in the Top 3 Chains in RWAs
Supported by @pactconsortium, @OndoFinance, @BlackRock, @Securitize, @apolloglobal, @FTDA_US, @KAIO_xyz
Sensational.
Aptos.
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That establishes Aptos as a serious participant in the current tokenized asset movement.
Meanwhile, its rise is organic. Explosive ecosystem growth, technical advancement, and institutional support have fueled the blockchain’s breakthrough.
Some well-recognized entities behind Aptos’ growth include BlackRock (the largest asset manager globally), Apollo Global (a private equity and credit giant), Ondo Finance (known for specializing in tokenized treasuries, and Securities (a vital firm in digital securities).
Also, the project has enjoyed broad support from platforms like Pack Consortium, KAIO.xyz, and FTDA US.
Moreover, features like gas-free stablecoin transfers have boosted Aptos’s user base.
Outshining Solana and Stellar
Aptos has surpassed Solana and Stellar in real-world asset TVL, marking a crucial and symbolic milestone.
Solana, known for meme coins, NFTs, and speed, boasts $483 million in RWA value, whereas the cross-border payment project Stellar holds around $450 million.
Aptos’s $714 million showcases real-world adoption and user conviction in its long-term utility.
Why real-world assets matter
RWA tokenization appears to be the next big thing in cryptocurrencies.
Representing assets like real estate, bonds, and treasuries digitally on blockchain will likely unlock new markets, ensure transparency in traditional finance, and enhance investment efficiency.
Ethereum dominates this space with RWA value approaching $7 billion, while zkSync Era follows with $2.3 billion. Now, Aptos’ remarkable rise positions it as a legitimate alternative.
Its maturing DeFi base, enterprise-level innovations, and low fees give Aptos an advantage where it matters: scalability, speed, and affordability.
Aptos ecosystem is evolving rapidly: report
Messari’s latest report shows the Aptos blockchain is evolving rapidly, matching the team’s goal of making it a “Global Trading Engine.”
The insights confirm Aptos performed well over the past months.
Its stablecoin market cap increased by over 85% in H1 2024, hitting $1.2 billion by Q2 after rallying from $648 million.
State of @aptos H1
Key Update: Decibel, a fully onchain trading protocol, launches on Aptos advancing its position as a global trading hub.
QoQ Metrics 📊
• Stablecoin market cap ⬆️ 85.9% to $1.2B in H1
• Total quarterly DEX volume ⬆️ 310.3% to $9.0B in Q2
• Avg transaction
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Soaring USDT and USDC volumes on the APT chain, especially after the US passed the GENIUS bill, fueled the impressive surge.
The average transaction fee has dipped 61% quarter-over-quarter, settling at only $0.00052 (0.00011 APT coins).
That’s massively cheaper than L1s like Ethereum, Avalanche, and Solana, making Aptos a more cost-effective option for developers and users.
Moreover, the blockchain has integrated with new protocols.
Recently, it onboarded an on-chain trading platform, Decibel.
Also, Aptos welcomed Shelby to improve its web3 throughput.
Most importantly, Aptos launched Baby Raptr in June to enhance validator finality latency by 20%.
The native token, APT, trades at $4.26 after losing over 4% in the past 30 days.
The post Aptos (APT) overtakes Solana and Stellar in real-world assets with $719M TVL appeared first on Invezz
