APT's price has fallen despite a significant increase in stablecoin activity on the Aptos network, which has now surpassed Ethereum and BNB Chain. Recent data indicates a 36% rise in trading volume, largely driven by sellers, while decentralized exchange (DEX) volume plummeted from $4.77 billion in October to $1.52 billion in November.
The Aptos network has seen a fivefold increase in stablecoin supply over the past year, with $500 million in stablecoin flow recorded in the last 24 hours. However, APT is under bearish pressure due to slower block times and persistent selling activity, overshadowing the network's stablecoin growth.
APT Price Declines Amid Surging Stablecoin Activity on Aptos
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