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Aptos’ APT price jumps 10% but still trades 94% below ATH after regulatory clarity

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Aptos’ APT price jumps off record lows as volume spikes, regulatory clarity lands, and network usage hits new highs, but the token still trades near the bottom of its historical range.

Summary

Aptos (APT) price is trading near $1.03 today, with CoinMarketCap showing APT up 8.57–10.20% over the last 24 hours and a 24‑hour trading volume of roughly $238.56 million. CMC’s latest analysis notes that APT is up 9.93% to $1.04 in 24 hours, driven by a “high‑conviction volume surge” as spot trading volume jumps 175.51% to about $204.96 million, far above its 7‑day average. Despite this bounce, Aptos remains deeply depressed versus history: the token printed an all‑time low of $0.7926 on February 23, 2026 and still trades more than 94% below its all‑time high around $19.90.

Aptos’ APT price jumps 10% but still trades 94% below ATH after regulatory clarity - 1

Aptos is a high‑performance Layer 1 blockchain built by former Meta engineers from the Diem/Move initiative, designed for security, scalability and mainstream adoption. According to CoinMarketCap, the network now clears close to 10 million daily transactions with average fees as low as $0.00007, a level of throughput that contrasts sharply with the token’s depressed price. Proposal 183, ratified by the community on March 1, 2026, set a hard supply cap of 2.1 billion APT and permanently directed gas fees to be burned, introducing structural deflation as on‑chain activity grows.

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On‑chain and macro news flow has turned more supportive even as price lags. Recent CMC coverage highlights three major developments: the U.S. SEC has classified APT as a commodity, Binance is preparing to delist APT perpetual futures on March 25, 2026, and the network’s 10‑million‑transactions‑per‑day milestone is now paired with deflationary tokenomics. The removal of APT perps from Binance could temporarily sap derivatives liquidity and speculative open interest, but it also pushes price discovery back toward spot markets at a moment when volume is surging and the token is trading near historical capitulation levels.

In the wider smart‑contract sector, Aptos is still underperforming: CoinGecko data shows APT down about 9.90% over the past week, compared with a 0.70% rise in the global crypto market and a 1.70% gain for similar smart‑contract platforms, underscoring how sharp today’s bounce is relative to a still‑bearish medium‑term trend.

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Crypto World

Aave’s TVL Falls $8B After $293M Kelp DAO Hack

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Aave’s TVL Falls $8B After $293M Kelp DAO Hack

Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals.

Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to $18.6 billion by Sunday, losing the top spot as the largest DeFi protocol. 

Aave v3’s lending pools for USDt (USDT) and USDC (USDC) are now at 100% utilization, meaning that more than $5.1 billion worth of stablecoins cannot be withdrawn until new liquidity arrives or borrows are repaid. 

$2,540 is available to be withdrawn from the $2.87 billion USDT pool on Aave v3 at the time of writing. Source: Aave

Aave’s TVL fall shows how rapidly risk from a single security incident can spread throughout the broader, interconnected DeFi lending market, potentially leading to a severe liquidity crisis.

The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth about $293 million from Kelp DAO’s LayerZero-powered bridge and used them as collateral on Aave v3 to borrow wrapped Ether (wETH).

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Crypto analytics platform Lookonchain said the move created about $195 million in “bad debt” on Aave, which contributed to the Aave (AAVE) token tanking nearly 20% from $112 on Saturday at 6:00 pm UTC to $89.5 about 25 hours later. 

Lookonchain noted that some of the largest crypto whales to withdraw funds from Aave were the MEXC crypto exchange and Abraxas Capital at $431 million and $392 million, respectively.

Source: Grvt

Several crypto networks and protocols tied to rsETH or the LayerZero bridge have paused use of the bridge until the problem is resolved, including DeFi platform Curve Finance, stablecoin issuer Ethena and BitGo’s Wrapped Bitcoin (WBTC).

Aave has frozen several rsETH, wETH markets

Shortly after the Kelp DAO exploit, Aave said it froze the rsETH markets on both Aave v3 and v4 to prevent any suspicious borrowing and later stated that rsETH on Ethereum mainnet remains fully backed by underlying assets.

WETH reserves also remain frozen on Ethereum, Arbitrum, Base, Mantle and Linea, Aave said.

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This incident marks the first significant stress test of Aave’s “Umbrella” security model, which was introduced in June 2025 to provide automated protection against protocol bad debt while enabling users to earn rewards.

Related: Aave DAO backs V4 mainnet plan in near-unanimous vote

Earlier this month, the Bank of Canada found that Aave avoided bad debt in its v3 market by using overcollateralization, automated liquidations and other strategies that shifted risk to borrowers.

In comments to Cointelegraph, Aave defended its liquidation-based model, framing it as a core safety mechanism that protects lenders while limiting downside for borrowers.

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It comes as Aave parted ways with its longest-standing DeFi risk service provider, Chaos Labs, on April 6, following disagreements over the direction of Aave v4 and budget constraints.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?