Read this article on bsc.news Stablecoin supply on Aptos ($APT) rose sharply over the past week even as the broader stablecoin market contracted, according to DefiLlama data. The total stable
Stablecoin supply on Aptos ($APT) rose sharply over the past week even as the broader stablecoin market contracted, according to DefiLlama data.
The total stablecoin supply slipped about 1.6% over the past seven days to roughly $286 billion. On @Aptos, the supply increased by more than 17% to about $779 million over the same period.
$USDT accounts for about half of the stablecoin supply on the network. The chain also carries about $660 million in tokenized real-world assets (RWAs).
Other trackers show a similar level. RWA.xyz lists Aptos with a stablecoin market cap of about $771 million as of Nov. 11, down 2.67% over 30 days. It puts tokenized assets outside stablecoins at about $771 million as well: $191.11 million in distributed assets and $580.16 million in represented assets. DefiLlama's own readings also moved within the week. A Nov. 10 snapshot of its Aptos page listed stablecoins at $873.52 million, above the current figure.
Tokenized funds make up a large part of the on-chain asset base. RWA.xyz figures from Nov. 11 show BlackRock's BUIDL fund at $157.37 million on Aptos, roughly 82% of the network's distributed asset value of $191.11 million.
The latest increase follows a period of weakness. On Oct. 13, The Defiant reported that the stablecoin market cap tracked by DefiLlama on Aptos had fallen about 17.5% over four weeks to roughly $910 million. Crypto Briefing called that figure the one to watch for confirming whether price gains had support from network usage. At about $779 million, the supply is still below that level.
Usage metrics remain modest. DefiLlama showed Aptos DeFi total value locked at $39.59 million on Nov. 13, with 14,266 active addresses over 24 hours. $APT traded at about $0.55, close to its all-time low of $0.51 on CoinGecko.
A one-week rise in stablecoin supply does not by itself show a lasting trend. Whether the inflows persist, and whether they translate into higher DeFi activity, will be the key test for the network.
DefiLlama: Aptos chain overviewRWA.xyz: Networks dashboardThe Defiant: APT gains 51% in four weeks, outpacing Bitcoin and EtherCrypto Briefing: Aptos token gains 51% in four weeks
