{"id":305272,"date":"2023-04-15T01:00:23","date_gmt":"2023-04-14T19:30:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=305272"},"modified":"2023-04-14T14:48:52","modified_gmt":"2023-04-14T09:18:52","slug":"aptos-defi-gets-bolstered-by-new-entrant-can-apt-mirror-this-surge","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/aptos-defi-gets-bolstered-by-new-entrant-can-apt-mirror-this-surge\/","title":{"rendered":"Aptos DeFi gets bolstered by new entrant: Can APT mirror this surge"},"content":{"rendered":"

– Aptos’ TVL surged 47% over the last week.<\/em><\/p>\n

– Development activity grew steadily since the beginning of 2023.<\/em><\/p>\n

The value of assets deposited on the layer-1 blockchain Aptos [APT] saw steep growth in the last few days. As per data from DeFiLlama, the total value locked (TVL) clocked a monthly expansion rate of a whopping 64%, while weekly growth rate was to the tune of nearly 47%.<\/p>\n

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Source: DeFiLlama<\/figcaption><\/figure>\n
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Realistic or not, here\u2019s\u00a0APT market cap in BTC’s terms<\/a><\/p>\n

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The remarkable growth could be attributed to the recently launched protocol, Thala Labs, which has taken Aptos’ DeFi landscape by storm.<\/p>\n

Debutant creates a flutter<\/h3>\n

Thala Labs, which made its debut on the Aptos mainnet just a week ago, was already the largest DeFi protocol<\/a> on the chain in terms of TVL. Since its launch, its TVL has jumped more than five times.<\/p>\n

The protocol held over $25 million of assets at press time, commanding a 40% share in Aptos’s DeFi ecosystem.<\/p>\n

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In less than a week since mainnet deployment, Thala has already amassed over $24M TVL, becoming the largest protocol on @Aptos_Network<\/a>.<\/p>\n

Enabling a flourishing DeFi ecosystem on Aptos is our #1 priority, and we\u2019re excited to continue to build and innovate to make this a reality! pic.twitter.com\/xoSmRbRTkW<\/a><\/p>\n

— Thala (@ThalaLabs) April 13, 2023<\/a><\/p><\/blockquote>\n