• Aptos’ Total Value Locked (TVL) reached a new all-time high of over $62.5 million.
• Aptos updated its wallet and added the Wallet Adapter Standard, making it easier for users to deploy, integrate, and transact across the network.
• Market indicators showed reasons why investors should be worried, as the massive price pump of Aptos outperformed the rest.
Aptos has continued to make headlines for the past several weeks, with its massive price pump outperforming the rest of the market and its Total Value Locked (TVL) reaching a new all-time high of over $62.5 million. This is an incredible milestone for the Aptos ecosystem, having achieved this remarkable feat in just 12 weeks since it launched its mainnet.
In addition to its impressive TVL figures, Aptos has also made a number of updates to its wallet. The recently released Wallet Adapter Standard makes it easier for users to deploy, integrate, and transact across the network. This new feature offers a standard to wallet builders, making integration simple while also increasing their wallet’s visibility and exposure.
However, despite these positive developments, there are still a few reasons why investors should be cautious. Market indicators such as the RSI and MACD show that Aptos is currently overbought and is likely to see some correction soon. This is reflected in the fact that Aptos’ price has already started to dip slightly in the past few days.
Overall, Aptos’ recent performance is certainly something to be optimistic about. The new Total Value Locked (TVL) milestone and the improved wallet features are proof that the Aptos ecosystem is growing and progressing at a rapid pace. However, investors should still remain cautious and be aware of the potential risks involved when investing in Aptos.