Adoption on Aptos Continues to Drop! Will APT Survive the Sentiment?
2025-04-23
Aptos (APT), once hailed as a promising layer-1 blockchain with high hopes for scalability and adoption, is now facing a sharp downturn in user growth. Recent data reveals a concerning drop in both active and new addresses, raising questions about the future of the platform and its native token, APT.
As the sentiment around Aptos becomes increasingly negative, many are asking whether the project can survive these challenges and regain its momentum.
User Growth on Aptos: A Sharp Decline
The seven-day moving average (7DMA) of active addresses on Aptos recently plummeted to approximately 644,000—its lowest point since November 2024. This marks a dramatic decline from the peak of 1.56 million active addresses on February 1, 2025.
The 40% drop in active addresses over the past three months suggests a significant slowdown in user engagement, especially after a steady and consistent rise from August 2024 to February 2025.
The number of active addresses is a key metric for evaluating the health of a blockchain. When this number drops, it typically signals a loss of user interest, which could be detrimental to any blockchain project, especially one like Aptos that positioned itself as a scalable solution for decentralized applications (dApps).
In addition to the decline in active addresses, the number of new addresses on the network has also followed a troubling pattern. From August 2024 to February 2025, new addresses steadily increased, peaking at 525,000 new addresses on February 1. However, since then, the number of new addresses has fallen by over 80%.
This sharp decline in new user adoption further highlights the fleeting nature of the growth Aptos experienced earlier this year.

The Lack of "Sticky" Growth
A key insight from these figures is that much of the growth in both active and new addresses was likely driven by short-term participants rather than long-term users. The surge in new addresses during the months leading up to February 2025 appears to have been primarily driven by bots, airdrop farmers, or opportunistic users who quickly left once the incentives were no longer attractive.
This type of "non-sticky" growth—where addresses are created, but users do not stick around or engage with the platform long-term—is a red flag for any blockchain project. It suggests that the growth was artificial and lacked genuine user interest or sustained activity.
While it’s common for blockchain networks to experience bursts of growth driven by airdrops and short-term incentives, the failure to convert these users into active, engaged participants is a sign of a flawed adoption strategy.
Declining APT Token Value
The poor user growth on Aptos has had a direct impact on the value of the APT token. Since February 1, the price of APT has fallen by more than 35%. This decline in price correlates with the drop in active addresses and new user adoption, which points to a weakening market sentiment around the project.
Token price is often directly linked to the number of active users and the overall demand for the network. When a blockchain struggles to maintain or grow its user base, it typically faces a decrease in token demand, leading to a drop in its price.
This is exactly what has happened with Aptos, where the token’s value has significantly depreciated as user engagement dwindles.
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What’s Behind the Decline?
Several factors could be contributing to the current decline in user growth and token value on Aptos:
Overhyped Expectations
Aptos was heavily marketed as a high-performance blockchain, capable of addressing the scalability issues faced by older networks like Ethereum. However, despite strong initial support, the blockchain has struggled to meet the high expectations set for it. This could be contributing to the lack of sustained user interest.
Competitive Pressure
The blockchain space is highly competitive, with many projects vying for dominance. Aptos faces stiff competition from established blockchains like Ethereum and Solana, as well as other newer projects that are also focusing on scalability and user experience.
Lack of Incentives
While Aptos initially attracted users through incentives like airdrops, the lack of long-term engagement or new, compelling incentives for users has led to a drop-off. Without a consistent and valuable reason for users to stay, many have moved on to other platforms that offer more sustainable benefits.
Developer Interest
While Aptos boasts high throughput and scalability, the ecosystem’s development and adoption by dApp developers are still in their infancy. A lack of developer interest can be a major obstacle for any blockchain, as a thriving ecosystem of decentralized applications is crucial for long-term success.
Can Aptos Survive?
While the current sentiment surrounding Aptos is negative, it’s not all doom and gloom. The project still holds a lot of potential, especially in terms of scalability. Aptos' focus on throughput and low latency has made it an attractive option for developers looking for a fast and efficient blockchain.
However, to turn things around, Aptos will need to address its user retention issues, provide long-term incentives for its community, and create a more compelling ecosystem for developers.
Aptos could also benefit from expanding its partnerships and increasing its exposure in the decentralized finance (DeFi) and non-fungible token (NFT) spaces. These sectors have seen significant growth, and a strategic push into these areas could help the platform regain some momentum.
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Conclusion: Will APT Recover?
The decline in user growth and APT token price raises serious concerns about Aptos' future. However, blockchain projects are inherently volatile, and a turnaround is always possible with the right changes. Aptos must focus on long-term user retention, improving its ecosystem, and incentivizing developers to build on the platform.
While the outlook may seem bleak for Aptos at the moment, it is important to remember that the blockchain industry moves fast, and projects that can adapt and innovate have a chance to recover.
Only time will tell whether Aptos can regain its footing and prove that it can deliver on its early promise.
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FAQs
Why has Aptos seen a drop in user growth?
Much of Aptos' early growth was driven by short-term participants, including bots and airdrop farmers. This has led to a drop in long-term user engagement and a decline in both active and new addresses.
What factors contributed to the decline in APT token value?
The decline in APT token value is directly linked to the drop in user growth and network activity, as a lack of sustained engagement usually leads to lower demand for the token.
Can Aptos recover from this decline?
While the current sentiment is negative, Aptos still has the potential to recover if it can provide long-term incentives, improve developer interest, and strengthen its ecosystem.
How does Aptos compare to other blockchains like Ethereum and Solana?
Aptos competes with blockchains like Ethereum and Solana in the scalability space but faces challenges in terms of user engagement and developer adoption, which are crucial for long-term success.
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