Aptos Weekly Recap: DeFi Surge, xBTC Launch, and NFT Growth Highlight Week 3 of May
The post Aptos Weekly Recap: DeFi Surge, xBTC Launch, and NFT Growth Highlight Week 3 of May appeared on BitcoinEthereumNews.com.
The period from May 15 to May 21 has been a significant time for the Aptos ecosystem, with large amounts of development across DeFi, NFTs, tokenization, and staking. From the whopping 500 million xBTC that got officially deployed on the network to the several decentralized exchanges that have seen their trading volume breach the $1 billion threshold, Aptos is fast securing its reputation as a Layer 1 blockchain that’s built for scalability and driven by developer creativity. xBTC Launch and Institutional Support Boost Tokenized BTC on Aptos One of the most notable aspects this week was the word that xBTC is now flying under the flag of Aptos to be listed on OKX. xBTC is a version of Bitcoin you can find on the Aptos blockchain. It is backed 1:1 by Bitcoin you can find in cold storage at OKX. This means that OKX has an amount of Bitcoin that is the same as the amount of xBTC you can find on the Aptos blockchain. What does this all mean? Well, if you’re a holder of Bitcoin and you want to stick it in the same smart contract as those who hold xBTC, you can do that now. In contrast with Bitcoin, which you can only find living on its own blockchain, xBTC is clearly more versatile. xBTC support marks a pivotal moment for Aptos. It brings the world’s most valuable cryptocurrency into the Aptos ecosystem—albeit in a wrapped format. Bitcoin has long been considered a benchmark for ecosystem maturity. You integrate Bitcoin and you get ecosystem respect. Aptos now offers Bitcoin exposure in a way that’s closer to a native asset than anything we’ve seen thus far. DeFi Trading Booms as DEXs Cross $1B Milestone The decentralized finance sector on the Aptos network has entered a new phase of…
Filed under: News - @ May 27, 2025 5:21 am