Aptos (CRYPTO: APT) has seen a decline of 5.2% within the last 24 hours, as of 2:45 p.m. ET, amidst broader market turmoil. Despite this downturn, the project, founded by former Meta Platforms engineers, has made notable advancements, including the introduction of on-chain perpetuals capabilities by Decibel, attracting over $50 million in pre-launch interest.
Ranked 10th in overall blockchain activity, Aptos is experiencing increased developer engagement and a proposal for a hard cap on newly issued tokens, aimed at managing inflation impacts over a longer period. Total value locked (TVL) metrics remain elevated, suggesting potential long-term value in the project despite current market sentiment.
