2025-04-23
From August 2024 to February 2025,
there was a big increase in users, but it now looks like most of that growth
came from new addresses that didn’t stick around.
The seven-day average of active
addresses has fallen to around 644,000, the lowest it's been since November
2024.
This comes after hitting a peak of 1.56
million on February 1, 2025. That’s a drop of more than 40% in just three
months.
New addresses followed the same trend.
They climbed steadily to a record 525,000 on February 1 but have since plunged
by over 80%.
This sharp drop in both active and new
addresses suggests most of the recent growth came from short-term users, likely
bots, airdrop hunters, or others not interested in long-term use. In short, the
growth wasn’t real or lasting.
The APT token price has also taken a
hit, falling over 35% since February 1.
Right now, Aptos is the 30th
biggest crypto by market value, with a $3.26 billion market cap. It’s behind
Sui, which is ranked 13th with $8.96 billion.
In terms of total value locked (TVL),
Aptos has $1.054 billion, while Sui holds $1.478 billion.
