$USDT Lands on Aptos, Expanding DeFi Access to 30 Million Users

Aptos blockchain platform has made advancements by adding Tether ($USDT), the first Move-powered blockchain supporting $USDT. This integration has led to a substantial increase in the market capitalization of Tether ($USDT) on the Aptos network to nearly $275 million.

USDT arrived on Aptos this week, and has been embraced across the entire DeFi ecosystem 🌐

A look at the network by the numbers 🔢

✔️ 33M transactions processed
✔️ ~4M active users—pushing monthly actives past 8M

Here’s your roundup of DeFi news & happenings this week ICYMI 🧵

— Aptos (@Aptos) November 2, 2024

Aptos recorded over 33 million transactions, almost 4 million active users, and over 8 million monthly activities. Aptos, an independent Layer 1 blockchain platform, updated its community about this new development through its official X account.

SK Telecom Introduces $USDT in T Wallet

South Korean telecommunications giant SK Telecom offers access to $USDT on Aptos through its T Wallet application. This collaboration opens digital currency access to over 30 million SK Telecom users. With a smooth Web2 login via SK Telecom’s PASS app, users can conveniently engage with $USDT for cost-effective transactions.

The decentralized applications (dApps) supporting the Aptos network ecosystem have remained active, and DeFi has remained vibrant. DApps received the most traffic in October, including Amnis Finance, Panora Exchange, and Kanalabs.

Amnis Finance reached an all-time high of $250 million in Total Value Locked (TVL), showcasing the platform’s rapid development and strong user interest. In tandem, Aries Markets recently celebrated the Aptos mainnet’s second anniversary, launching a $3,000 USDT prize pool campaign to mark the occasion.

Merkle Trade and Joule Finance Partnerships Drive New DeFi Potential

New opportunities are emerging within Aptos’s ecosystem, enhancing DeFi services. Another recent partnership launched is between the VibrantX platform and Joule Finance to expand user yield options.

Joule Finance operates as a liquidity center on Aptos, presenting unique features such as LRT bridge and liquidity anchors to enhance opportunities for earning. As for other news, in the October recap, Meso Finance revealed the latest UI/ UX changes and the main achievements of the platform.

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