Aptos has seen a sharp decline in its Total Value Locked (TVL), dropping about 43% in just one week as investors pull capital out rapidly. The downward trend in APT’s price and TVL has persisted for nearly a year and a half, with little indication of stabilization.

TVL Collapse Fueled by Liquidity Withdrawals and User Decline

Data from DefiLlama shows Aptos’ TVL fell from roughly $280 million in early June to just over $100 million by the end of the month. Last week alone, the TVL plunged from $156 million to $100 million, marking a 43% drop. Stripping out active loans, staking, and other adjustments, the core TVL stands at a significantly lower $63 million.

The main trigger was the Echo Protocol’s withdrawal of liquidity. As a Bitcoin-focused bridge on Aptos and other Move chains, Echo’s exit hit the ecosystem hard. This move signals waning user engagement, corroborated by daily active addresses hovering around 40,500 and earnings falling sharply by 72%, from $366,000 to $103,000, according to DefiLlama.

also Real World Asset (RWA) TVL suffered a steep 70% drop in the past month. These combined factors spurred capital flight from Aptos, raising concerns about both profitability and network security as staking incentives diminish.

Price Weakness and Market Sentiment Compound the Slide

APT’s tumbling price further depressed the TVL when measured in USD terms. The token dropped out of a sideways trading range and entered a downward trend channel, with Open Interest (OI) falling to about $42 million, signaling fading trader interest.

Despite this, APT has recently traded above the mid-level of the channel, which some see as a tentative sign of buying pressure emerging even amid bear market conditions.

The combination of liquidity withdrawals, declining RWA performance, and weak price dynamics reflects significant challenges for Aptos’ ecosystem. This situation echoes broader market caution, similar to trends seen in other chains experiencing capital outflows.

This material is for informational purposes and does not constitute financial advice.