APT Slides to Record Low as On-Chain Transactions Rise but Active Users Shrink
CoinDesk reported that APT has remained under heavy pressure over the past week, with the token down more than 30% and briefly touching $0.61, marking a new all-time low. While price action has weakened, transaction counts on the Aptos network have continued to climb. At the same time, active participation has fallen sharply, prompting renewed scrutiny over how much of the activity reflects real user demand.
The report highlighted a widening gap between throughput and engagement. Over the last 180 days, Aptos processed more than 1.7 billion transactions. Daily transaction volume has accelerated from roughly 5–7 million at the start of the year to about 15–19 million recently. User engagement indicators tell a different story: daily active addresses have dropped from above 1 million earlier this year to 68,800, suggesting transaction growth has not been matched by broad-based user expansion.
Markets appear to be weighing the decline in user participation more heavily than the jump in transactions. The report noted that fewer users generating more transactions can point to activity concentrated in a limited number of applications, a small cohort of users, or automated programs rather than organic growth. That dynamic also helps explain why stronger on-chain transaction data has not translated into better price performance.
After key support levels gave way, selling pressure intensified. Trading volume rose alongside the decline, indicating the move was more consistent with active selling than liquidity-driven volatility.
The article flagged $0.82 as a key near-term level. With APT breaking below the area around $0.82, market structure has deteriorated. Until the token regains that level, bears remain in control and price is trading without clear support. If buying fails to return, attention may shift to $0.60, with a potential test of the $0.50 area if risk appetite weakens further. If APT can reclaim $0.82, sentiment could stabilize and open the door to a rebound toward the $0.95–$1.15 range.
