Foreign media reported that APT has faced sustained pressure over the past week, with its price dropping more than 30% and briefly falling to $0.61, a new all-time low. In contrast to the weakening price, the number of transactions on the Aptos chain continues to rise, but the number of active users has clearly declined, raising new questions about the network’s true level of usage.
Price and activity divergence
The report notes that this latest decline in APT occurred while on-chain activity remained robust. Over the past 180 days, Aptos has processed over 1.7 billion transactions, with daily transaction volume recently rising from approximately 5 to 7 million at the start of the year to between 15 and 19 million.
However, another metric that better reflects user engagement is weakening. Aptos’s daily active addresses have dropped from over 1 million earlier this year to the latest figure of 68,800. The article suggests this means network transaction growth has not been accompanied by broader user expansion.
The market cares more about user churn.
In this set of divergent data, the market clearly cares more about the decline in user engagement than the rise in transaction throughput. The report notes that fewer users generating more transactions may indicate that some activity stems from a few applications, concentrated users, or automated programs, rather than broader organic growth.
This also explains why increased on-chain transactions have failed to improve APT’s price performance. With key support levels breached, selling pressure has intensified, and trading volume has risen alongside the decline, indicating that this pullback is more likely driven by active selling rather than liquidity-driven volatility.
$0.82 is a short-term level to watch.
The article suggests that after APT broke below its key area of approximately $0.82, the market structure has clearly weakened. Until the price reclaiming this level, bears remain in control, and the price continues to trade in a range lacking clear support.
The report noted that if buying pressure fails to recover, the market may next focus on the $0.60 level; should risk appetite decline further, prices could test the $0.50 region. Conversely, if the price can reclaim $0.82, market sentiment may ease, creating conditions for a potential move upward toward the $0.95–$1.15 range.