Aptos’s TVL (Total Value Locked) plummeted 43% in one week, falling from $156 million to $100 million according to DefiLlama. This sharp decline was mainly driven by Echo Protocol, a Bitcoin-focused bridge on Move chains, withdrawing a significant portion of its liquidity. Network metrics corroborate this trend: approximately 40,500 daily active addresses, revenues dropping 72% from $366K to $103K, and RWA TVL declining 70% over thirty days. APT’s price, which has been declining for 18 months, is trading within a downward trend channel with open interest around $42 million, indicating growing disinterest from traders.
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