APT Price Slides Despite Aptos Stablecoin Overtaking Ethereum’s Market Cap

APT price slides despite strong stablecoin growth and rising network liquidity.

DEX trading volume declines sharply, contributing to weak short-term price momentum.

Slower block times and selling pressure weigh on APT’s recovery potential.

Aptos — APT, has been attracting attention with growing stablecoin activity, yet the APT price struggles to gain traction. Weekly losses of around 11 percent contrast sharply with a 36 percent jump in volume, mostly driven by sellers. The chain shows impressive liquidity growth, even surpassing Ethereum and BNB Chain in stablecoin flow. However, rising liquidity alone cannot offset declining fundamentals, leaving APT under pressure despite strong network activity.

Liquidity Surges but Price Struggles

Recent data from Artemis shows Aptos’s stablecoin supply increased more than fivefold over the past year. In the past 24 hours, Aptos handled over $500 million in stablecoin flow, outpacing BNB Chain’s $400 million and Ethereum’s $200 million. This surge demonstrates growing adoption and liquidity scaling on the Layer 1 blockchain. Despite these gains, APT price remains weak.

The weekly decline of 11 percent highlights the challenge of converting network growth into bullish price action. The trading volume increase of 36 percent came mostly from sellers, showing strong distribution pressure. Monthly DEX volume paints a similar picture. According to DefiLlama, October’s $4.77 billion in volume fell to $1.52 billion in November.

This drop suggests weaker trading activity, likely contributing to the price slump. During midyear, Aptos consistently handled more than $4 billion in DEX volume, indicating a clear slowdown. Scaling pressures may also affect performance. Block times have decreased throughout 2025, slowing from 225 transactions per millisecond to below 100.

Technical Indicators Show Bearish Sentiment

Chart analysis shows APT trading inside a descending trend channel since mid-October. The token has held above the middle of this channel, showing some resilience, but the structure remains mildly bearish. RSI divergence remains slightly below neutral, signaling caution for buyers. On Balance Volume (OBV) climbed to $28.76 million, suggesting that trading activity is still significant.

However, sellers dominate, limiting upward momentum. If APT fails to maintain support at the midsection of the channel, the price could fall to the $2.20 support level. Conversely, breaking above upper resistance could hint at a potential reversal. Overall, Aptos demonstrates strong network growth and liquidity expansion, yet APT price faces real challenges.

Stablecoin supply and blockchain activity highlight long-term potential, but declining trading volumes and slower block times weigh heavily on sentiment. Traders should watch key support and resistance levels carefully, as price direction may depend on whether buying pressure can match ongoing selling activity. APT’s path forward will rely on stronger demand and efficient network performance.

Despite impressive achievements in stablecoin flow, APT remains in a delicate position, balancing growth against bearish momentum. Market watchers will need patience and close monitoring to gauge whether Aptos can translate liquidity dominance into price recovery.