USDT Adoption On Aptos 2024

    NEWS: A new implementation of USDT on the Aptos blockchain is set to launch, promising unprecedented speed and efficiency for digital payments. This development could potentially break records in terms of transaction speed and cost-effectiveness within the Aptos ecosystem

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    SWAP ACTIVITIES 2024
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    PLATFORMS
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    TRADERS
    TRADING ACTIVITIES
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    Total Swappers

    • 378,944 swappers indicate strong user growth on the platform.

    Total Swaps

    • 3,166,191 swaps reflect increased activity and liquidity for USDT.

    Total Volume Swapped

    • $761.85 million in volume highlights significant demand for USDT.

    Yearly Volume

    • A $761,867,624 yearly volume marks a substantial rise from $67.32 million previously.

    Volume Change Percentage

    • A 1,031.74% increase demonstrates explosive growth in USDT adoption.

    Previous Year Swappers

    • Growth to 378,973 swappers shows positive user acquisition.

    Swappers Change Percentage

    • A 9.64% increase indicates steady adoption of USDT.

    Total Swaps (Previous Year)

    • The rise to 3,166,495 swaps signifies ongoing user interest.

    Swaps Change Percentage

    • A 1.01% increase suggests stable market activity.

    Overall, these metrics illustrate robust adoption and integration of USDT on the Aptos blockchain.

    Swapper Categories

    1. Whales:

      • 865 swappers generated a significant volume of $447.57 million, indicating high-value transactions from a small group.
    2. Dolphins:

      • 8,004 swappers contributed $190.70 million, showing a healthy middle-tier presence.
    3. Sharks:

      • 35,615 swappers accounted for $112.28 million, reflecting solid activity among mid-level traders.
    4. Crabs:

      • 69,149 swappers with $23.14 million indicate a substantial number of lower-tier participants.
    5. Planktons:

      • 485,757 swappers, despite being the largest group, only contributed $3.95 million, highlighting their smaller trade sizes.

    Total USDT Volume (Top Swappers)

    • The top ten swappers demonstrate varying trading behaviors:
      1. The largest single total volume sold is approximately $34.45 million by the top address.
      2. The second address closely follows with a total of $5.74 million, showing significant trade activity.
      3. The other top addresses show substantial volumes, but with a steep decline after the top few participants.

    Summary

    • The data indicates a diverse range of participants on the Aptos blockchain, with whales contributing most of the volume, while a large number of planktons engage with smaller trades. This distribution shows a robust ecosystem where both high-value and low-value transactions coexist, reflecting the growing adoption of USDT in the network.