The Aptos (APT) blockchain saw its token surge 13% against the broader market, briefly reclaiming the $1 level before retreating. This rally coincided with the network’s planned Decibel upgrade and a significant spike in weekly transactions and active accounts. Technical indicators like the RSI Divergence signaled a potential trend shift, while fundamental sentiment was fueled by the upgrade’s features aimed at strengthening DeFi and reducing token inflation.
The Aptos (APT) blockchain’s native token outperformed the market with a 13% daily gain, briefly pushing its price above $1. This surge occurred as plans for the network’s Decibel upgrade continued to develop.
APT broke above a key trendline resistance that had capped its price since the start of the year, rallying over 37% from a low near $0.80. The breakout was part of a broader altcoin rotation where projects with substantive backing thrived.
Technical indicators aligned with a potential bullish shift, with the RSI Divergence printing a second bull signal for the year. The Money Flow Index (MFI) was above 70, indicating peak capital inflow that would need to continue for the rally to sustain.
Fundamental sentiment centered on the upcoming Decibel upgrade, designed to bolster the chain’s DeFi ecosystem. A key feature is the launch of a new stablecoin aimed at boosting network liquidity.
The upgrade also implements a hard cap of 2.1 billion APT, reduces emissions by 50%, and increases gas fees tenfold with 100% of transaction fees being burned. These developments, alongside buybacks, are intended to reduce inflation.
Network activity data from Aptos Explorer showed weekly user transactions hit a high of 8.679 million. The number of monthly active accounts also surged, surpassing 10.4 million.
This high transaction volume caused network speed to lag, with transactions per second (TPS) falling from a peak of 19,286 to 1,708. The strain indicated the network was working to maintain speed during sharp activity increases.
