The price of Aptos (APT) has faced a notable decline, dropping approximately 11% recently, even as the network experiences significant growth in stablecoin activity. This juxtaposition highlights the challenges the APT token is encountering amid a backdrop of increasing liquidity on the blockchain.
Despite attracting attention with a remarkable surge in stablecoin transactions, APT struggles to build upward momentum. Recent statistics indicate that trading volume soared by 36%, primarily driven by selling pressure. Notably, the Aptos network has outpaced both Ethereum and BNB Chain regarding stablecoin flow, showcasing its growing liquidity.
Data from Artemis reveals that the supply of stablecoins on Aptos has increased more than fivefold over the past year. In the last 24 hours alone, Aptos managed over $500 million in stablecoin flow, surpassing BNB Chain”s $400 million and Ethereum”s $200 million. This growth underscores a rising adoption rate and liquidity scaling within the Layer 1 blockchain.
However, the price of APT remains under pressure. The sharp weekly decline highlights the difficulty in converting network growth into positive price action. The monthly trading activity paints a concerning picture as well; according to DefiLlama, the DEX volume fell from $4.77 billion in October to $1.52 billion in November, indicating a significant slowdown in trading activity.
Adding to the challenges, the performance of the Aptos network is showing signs of scaling pressures. Block times have decreased throughout 2025, falling from 225 transactions per millisecond to below 100. This slowdown could further impact trading dynamics and sentiment around the APT token.
Technical analysis reveals that APT is currently trading within a descending trend channel established since mid-October. While the token has managed to stay above the middle of this channel, the overall trend appears mildly bearish. The relative strength index (RSI) indicates a slight divergence below neutral levels, suggesting caution for potential buyers.
The On Balance Volume (OBV) has reached $28.76 million, indicating significant trading activity. However, the dominance of sellers limits any upward momentum. Should APT fail to maintain support at the midsection of the channel, the price may decline to the $2.20 support level. Conversely, a break above the upper resistance could signify a potential reversal.
In conclusion, while Aptos showcases robust network growth and liquidity expansion, the APT price continues to face significant hurdles. The increasing stablecoin supply and blockchain activity indicate long-term potential, yet declining trading volumes and slower block times heavily impact sentiment. Traders are advised to monitor key support and resistance levels closely, as the future trajectory of APT will depend on whether buying pressure can match ongoing selling activity.
As Aptos strives to leverage its liquidity dominance, market participants should remain vigilant, waiting to see if this promising growth can convert into a meaningful price recovery.
