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@0xafonsoAnalysis of Native USDT Swap Stats on Aptos Blockchain
Flipside AI
The Aptos blockchain demonstrates robust decentralized exchange activity with 209,389 total swap transactions, an average of 3,221 daily swap transactions, and a total swap volume of nearly $14 million. User engagement is significant, with 15,482 unique swappers, though transaction sizes are predominantly small, with 87.5% of transactions under $50. The top 100 swap users generated $1.1 million in trading volume, highlighting concentrated activity from high-frequency traders, while weekly unique swappers fluctuated between 1,630 and 5,146, indicating dynamic market participation.
Native USDT became available on the Aptos blockchain in November 2024. Tether officially launched its native USDT stablecoin on Aptos, enhancing the ecosystem with a reliable and widely used stablecoin option. This addition allows users to transact with USDT natively on the Aptos network, without relying on bridging solutions.
Native USDT integration provides benefits such as:
Seamless Transactions: Fast and low-cost transfers within the Aptos ecosystem.
Enhanced DeFi Participation: Enabling users to participate in decentralized finance (DeFi) protocols, such as lending, borrowing, and trading, using USDT directly on Aptos.
Improved Liquidity: Strengthening liquidity for Aptos-based dApps and marketplaces.
The move highlights Tether's commitment to expanding its presence across Layer 1 blockchains, fostering greater interoperability and usability of stablecoins in the crypto space.