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The total value locked of decentralized finance (DeFi) protocols within the Aptos (APT) ecosystem has soared two-fold YTD, currently above $240 million, highlighting increased user activity and adoption.
Factors like collaborating with zkME for improved identity security, real-world assets integration, and positive NFT developments catalyzed the TVL uptick.
Aptos partners with zkME for enriched identity verification
Big moves for growth and security on Aptos! The Aptos Foundation and @zkme_, leader in blockchain-based identity solutions, have partnered to provide easy, secure, and confidential identity verification on the Aptos network.
— Aptos (@Aptos_Network) February 27, 2024
zkMe’s identity oracle will be integrated into the… pic.twitter.com/CMsXnZO3kT
Aptos revealed its alliance with a renowned blockchain identity solution, zkME. The collaboration aims to enhance identity verification within the Aptos ecosystem for heightened security, promoting user confidence.
Aptos onboard Real-World Assets
A tokenized RWA platform, Ondo Finance, announced its collaboration with Aptos Foundation. As invezz.com reported, the strategic alliance aims to enhance real-world asset integration within the Aptos network.
Ondo Finance has launched its USDY coin onto Aptos’ blockchain, exposing ecosystem users to USD-backed virtual assets.
📣 Ondo Finance takes great pleasure in announcing our strategic partnership with Aptos Foundation, aimed at revolutionizing the integration of real world assets with blockchain technology on @Aptos_Network. 📣
— Ondo Finance (@OndoFinance) February 22, 2024
This partnership not only signifies a major step forward in… pic.twitter.com/jH1MbBrOjt
Moreover, the companies plan more partnerships to connect RWAs and on-chain services.
Aptos’ NFT developments
A renowned gaming and non-fungible token marketplace, Jump.trade, announced that more than 600K users had successfully minted and claimed rental pass NFTs.
Meanwhile, Jump.trade’s top game, Meta Cricket League, runs on Aptos. That underscores the blockchain’s cost-effectiveness and scalability for the gaming sector.
APT price outlook
Aptos token traded with a bullish note at press time, gaining more than 20% over the past day to trade at $12.93.
The token broke past the crucial resistance at $10, highlighting stable bullish momentum for Aptos’ price.
The optimistic developments and broad crypto market recoveries contributed to APT’s remarkable performance.
The post Aptos (APT) TVL doubles on enhanced security, NFTs, and RWAs integrations appeared first on Invezz