Aptos Development Surges While APT Crashes 8% – What’s Really Going On?

Aptos is heating up—builders are flooding in, but the token’s bleeding out. Why the disconnect?

The Bull Case: Devs Don’t Lie

Activity on Aptos is exploding. New projects, fresh capital, the works. Blockchain metrics don’t lie—this isn’t some ghost chain.

The Bear Trap: Token Takes a Hit

Meanwhile, APT’s down 8%. Classic crypto irony: the tech thrives while traders panic-sell. Maybe they missed the memo that adoption takes time—or maybe they’re just chasing the next shiny meme coin.

The Bottom Line

Smart money watches the builders, not the charts. But hey, if you’d rather day-trade based on Twitter hype, good luck explaining that to your accountant.

Buyers dominate order books

The Spot Taker CVD remained firmly in buy-dominant territory, indicating that market participants continued to favor aggressive buying at press time. 

This trend suggests growing conviction among spot traders, even as the price consolidates NEAR its multi-month lows. 

However, despite that pressure, price action hasn’t followed suit, revealing a key disconnect between demand and result. If buying continues without a breakout, it could either set up a breakout rally or exhaust bulls prematurely.

Source: CryptoQuant

RSI dives as APT dances on critical support

APT trended near the lower bound of its long-standing range between $4.2 and $7 at the time of writing, with the daily RSI falling to 38.46.

These conditions place the token in oversold territory, often a precursor to local rebounds. However, this support level has been tested multiple times without a sustained rally, raising the risk of breakdown. 

If bulls defend the zone again, it could attract speculative interest in the short term. But failure to bounce decisively may lead to a retest of lower liquidity zones below $4.

Source: TradingView

APT’s derivatives market has shown a noticeable rebound, with Open Interest jumping 11.78% to $181.92M and trading volume rising 5.26% to $305.97M.

This uptick suggests that traders are regaining confidence and re-entering the market with increased leverage exposure. Such a shift often signals expectations of incoming volatility or directional movement.

Can rising DEX volume save the day?

On-chain data tells two very different stories. On one hand, the Total Value Locked (TVL) has dropped by 5.98% to $1.443 billion, signaling some capital outflows from long-term protocols. 

At the same time, DEX activity has exploded, with 24-hour volume hitting $165.7 million and weekly volume rising by over 26%.

This jump shows that short-term speculation and trading activity are heating up. 

Therefore, while long-term yield participation weakens, active liquidity remains vibrant, offering potential fuel for a near-term recovery—if broader market confidence returns.

Source: DefiLlama

Aptos is gaining developer and trader momentum, but the price still lags. Bulls must reclaim the $5–$5.5 zone to break free.

Until then, increased leverage, spot demand, and DEX flows may keep things active, but without broader conviction, a lasting reversal remains out of reach.