Decentralized exchange volume on Aptos reached record levels on Wednesday, following new infrastructure launches and an Upbit integration.
Daily trading volume on Aptos-based decentralized exchanges hit a record on Wednesday, surpassing the $190 million mark for the first time in the network’s history. Meanwhile, the Layer 1 network’s total value locked (TVL) stands at $1 billion, roughly 23% below its all-time high of $1.3 billion reached in late 2024.
APT, the native token of Aptos, is up 14% in the past week, trading near $5.
The surge in trading activity comes shortly after Aptos Labs and Jump Crypto unveiled a new project called Shelby, designed for developers building storage-intensive apps such as video, social, or AI tools.
Shelby is a decentralized storage network that offers low-latency reads and on-chain data verification, designed to function like cloud storage but run on blockchain rails.
Additionally, Aptos is set to become the first non-EVM network to host Aave, DeFi’s largest lending protocol, after the proposal reached quorum and passed a community governance vote. A testnet version of Aave V3 is already live on Aptos, built using Move, a programming language first developed at Meta that underpins the Aptos network.
Finally, Upbit, one of South Korea’s largest crypto exchanges, also enabled USDT deposits and withdrawals on the Aptos network last week. That makes Aptos the third blockchain — after Ethereum and TRON — to support USDT on South Korean exchanges.
Analysts at French blockchain firm Kaiko reported earlier this month that South Korea has become the second-largest crypto market globally — trailing only the U.S. — with trading volumes in Korean won reaching $663 billion, potentially opening up a significant opportunity for Aptos to capture market share.
