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Aptos price surges as stablecoin supply nears all-time
- Aptos price surged to $5.07 as trading volume increased by 189% to over $643 million.
- Aptos stablecoin supply is nearing an all-time high of $1.2 billion.
- Aptos Labs and Jump Crypto introduced Shelby, a decentralized storage protocol, boosting Aptos' appeal for web3 applications.
- APT token on Aptos blockchain soared by 17% to $5.07 as Bitcoin surpassed $106k.
- Stablecoin supply on Aptos has risen from $430 million to nearly $1.2 billion, showing significant growth.
- Wyoming selected Aptos for the state's WYST stablecoin pilot, contributing to APT's gains.
- The average transaction fee on Aptos is now approximately $0.0005.
- Aptos Labs and Jump Crypto announced Shelby, a high-speed storage protocol for web3 applications like streaming video and AI pipelines.
- Shelby leverages Aptos' 600ms finality and low gas fees to offer cloud-speed storage for web3 use cases.
- Shelby protocol is chain-agnostic, planning support for Ethereum and Solana, attracting interest from Metaplex and Story Protocol.
- Shelby aims to provide web2 performance with web3 transparency, positioning Aptos as a scalable infrastructure leader.
- A developer-focused devnet for Shelby is scheduled for Q4 2025 to drive cross-chain adoption.
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