Aptos defied contagion fears to log TVL growth over the past month, all while other leading L1 chain saw a drop in user activity.
While other chains have grappled with liquidity exit and decreased user activity as liquidity providers hold onto their funds, protocols on Aptos appear to have been shielded from the aftermath of the hack., Aptos’ leading protocol in terms of TVL – Thala – has seen an 82% growth in TVL over the last 30 days.Amid the growth in TVL, an assessment of network activity on the chain revealed a corresponding uptick in the daily count of distinct addresses with signed transactions.
As of 12 August, 606,501 transactions were completed on the L1 network. This represented a 69% drop from the 1.94 million transactions completed on 19 July.Moreover, despite the influx of new protocols to the chain over the past few weeks, it is yet to attract new demand. Also, as per Aptos Explorer, the daily count of new addresses created on the chain has declined steadily over the past month.
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