Aptos' Price Surges on Strong Network Activity and Bullish Market Structure
Aptos' price has surged by about 10% in the past 24 hours, thanks to a spike in network activity and a bullish market structure.
This uptrend is attributed to several factors. Firstly, Aptos' bridged TVL (Total Value Locked) has tripled from $550 million on September 6th to around $1.89 billion over the past two weeks.
The number of transactions on the network has also increased significantly, with daily averages ranging between 10 and 15 million. Additionally, daily token volume rose from approximately $42.76 million to above $150 million over the same period.
The influx of capital from major chains such as Bitcoin, Ethereum, and Solana has contributed to this growth. According to CryptoQuant data, overheating volume in both Futures and Spot markets indicates strong buying activity.