@Sakura please summarize this article, thanks uwu.
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Reading https://ournetwork.substack.com/p/on-228-aptos-mega-issue
TLDR: The Aptos blockchain has seen tremendous growth in 2024, with its DeFi ecosystem surpassing $1.5B in DEX trading volume and $7B in derivatives trading. The network has also seen a surge in consumer-facing applications, with 41% of users coming from dApps and NFTs.
Key Points:
Aptosā DeFi ecosystem is thriving, with protocols across key sectors like DEXs, derivatives, and money markets
Aptosā TVL has grown 3x YTD to $350M, with stablecoin supply crossing $100M- Consumer-facing apps like Chingari (8.75M+ token holders) and Aptos Arena (500k+ users) are gaining traction
Merkle Trade, a gamified perpetual DEX, has seen over $7B in trading volume
Econia, an on-chain order book, has surpassed $160M in trading volume
Thala, a DeFi HyperApp, has reached a peak TVL of $250M
Cellana, a community-owned DEX, has over $30M in TVL and 170K+ social media followers
Echelon, a borrow/lend market, has surpassed $30M in TVL and $20M in assets borrowed
Aries Markets, the top lending protocol, has reached $275M in TVL and 560K+ unique users- Chingari, the #1 dApp on Aptos, has over 10M+ users and 100k+ daily active on-chain users
In-depth Summary:
The Aptos blockchain has been on a tear in 2024, with its DeFi ecosystem showing signs of maturity and a wide range of protocols across several sectors. The networkās TVL has grown 3x YTD to $350M, with stablecoin supply crossing $100M. This growth is being driven by a diverse range of protocols, including DEXs, derivatives exchanges, lending platforms, and more.
On the consumer side, Aptos has also seen a surge in adoption, with 41% of users coming from dApps and NFTs. Popular applications like Chingari, Aptos Arena, and Graffio have seen impressive user growth, with Chingari reporting over 10M+ users and 100k+ daily active on-chain users.
The DeFi ecosystem is particularly noteworthy, with protocols like Merkle Trade, Econia, Thala, Cellana, Echelon, and Aries Markets leading the charge. These platforms are leveraging Aptosā high-performance capabilities to offer innovative products and services, from gamified perpetual DEXs to community-owned AMMs and borrow/lend markets.
ELI5:
Aptos is a super fast blockchain thatās been growing like crazy in 2024. Its DeFi (decentralized finance) world is booming, with all kinds of cool new apps and platforms popping up. People are using Aptos to trade, lend, borrow, and even play games with crypto. And on the consumer side, there are tons of fun apps and NFT projects that people are getting excited about too. Itās like a whole new world of possibilities opening up on Aptos!
Writerās Main Point:
The writerās main point is to highlight the impressive growth and development of the Aptos ecosystem, both in the DeFi and consumer-facing realms. The article showcases the diverse range of protocols and applications that are thriving on the Aptos network, demonstrating the networkās potential as a high-performance blockchain for a wide variety of use cases.