Aptos stablecoin market cap slides 8% as weekly supply drops

AI Market Summary

Aptos' stablecoin supply fell 8.2% over the past week, signaling reduced on-chain liquidity and potentially weaker DeFi activity and transaction demand on the network. In contrast, peers like Stellar and Sui are showing stablecoin growth, implying relative momentum shifting away from Aptos. While Aptos remains a sizable stablecoin venue at ~$1.13B (11th), the near-term flow data is a headwind for ecosystem sentiment.

Impact level

● Medium

Affected assets

APT/USDT+5.43%

AI Insight · APT/USDTAI Insight

▼ Bearish

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Stablecoin supply on the Aptos L1 fell 8.2% over the past week, according to DefiLlama data, pushing the network's stablecoin market cap down about 8%. Over the same period, chains including Plasma, Stellar, and Sui posted notable growth in stablecoin supply. Despite the decline, Aptos remains a major stablecoin venue, with $1.13B in supply, ranking 11th among chains by this measure.

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