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Aptos' DeFi Expansion: $1.3 Billion Locked, But Development Slows

Aptos' DeFi space has reached a new milestone, with its Total Value Locked (TVL) doubling to $1.2 billion over the past two months. This achievement can be attributed to recent developments in the Aptos ecosystem.

Key Statistics:

- TVL: $1.3 billion (all-time high)
- DeFi growth: 19x year-over-year
- Development activity: Declined despite DeFi growth
- Network activity: 4.1 million active users, 2 billion all-time transactions

Market Analysis:

Aptos' DeFi expansion is driven by new launches, such as AGDEX, a decentralized perpetual exchange. However, Santiment's data reveals a decline in development activity, which could impact the blockchain's long-term growth.

Price Outlook:

APT remains bullish, with a 3% hike in 24 hours, valued at $14.97. The token's long/short ratio has also increased, indicating rising bullish sentiment.