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    Weekly DeFi Activity Overview on Aptos: DEX Swaps and Protocol Performance

    The Aptos Weekly DeFi Activity Report provides a comprehensive analysis of decentralized exchange (DEX) activity on the Aptos blockchain over the last 7 days. This report covers three key metrics: the total number of DEX swaps, the top 5 tokens by swap volume, and the weekly change in DEX swap volume, comparing the current week’s activity to the previous week. The objective is to highlight the tokens driving the most liquidity, track overall DeFi engagement, and observe changes in trading volume across the ecosystem. The report offers valuable insights into token performance and market trends, helping users stay informed about the evolving DeFi landscape on Aptos.

    • APT stands out as the most actively traded token in terms of total transactions, with an impressive 227,807 swaps over the past week. It also leads the way with the highest total volume in of approximately 11 billion tokens, indicating strong demand for this token. On the other hand, its total volume out is also substantial at 8.8 billion, suggesting that liquidity for APT is strong and consistent on both the buying and selling sides.

    • USDC, a stablecoin, recorded 133,382 total transactions, making it the second most traded token by the number of swaps. It also saw a significant total volume in of 4.6 billion tokens, with 2.3 billion tokens going out. This high volume for a stablecoin points to its importance in DeFi transactions, likely serving as a bridge asset or for liquidity provision.

    • doodoo, while having fewer transactions at 26,085, shows substantial activity with a total volume in of 1.7 billion tokens and an almost equivalent total volume out of 2.1 billion tokens. This balance of volume indicates a healthy level of liquidity, with strong swapping activity both in and out of this token.

    • amAPT also demonstrates significant activity, with 23,494 total transactions, and relatively balanced volumes of 528 million tokens swapped in and 523 million swapped out, indicating steady liquidity and consistent user interest.

    • USDT, another major stablecoin, recorded 29,977 transactions with 403 million tokens swapped in and 661 million swapped out. Like USDC, its strong trading volumes suggest its continued role as a critical asset in facilitating decentralized exchanges and liquidity pools.

    Over the past week, there has been a decrease of 8.49% in the total number of DEX swaps on the Aptos blockchain. The current week recorded 634,644 swaps, compared to 693,552 swaps in the previous week. This decline in activity may suggest a temporary reduction in DeFi engagement, possibly due to market conditions, token volatility, or external factors influencing user participation in decentralized exchanges.

    Although the decline is not drastic, this slight decrease could indicate a cooling off of high trading volumes or a shift in focus to other areas within the ecosystem. Monitoring this trend over the next few weeks will be essential to determine if it is a short-term fluctuation or part of a larger trend in DeFi activity on Aptos.

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.