Aptos (APT) price surged 7% within 24 hours, climbing from $4.34 to $4.62 amid significant trading volume exceeding 12.9 million APT tokens during overnight hours on August 8. This bullish momentum follows a broader recovery from a recent low of $4 on August 2, marking a 15% rebound after APT had retraced 28% from its July peak of $5.60 due to token unlock pressures.
The rally coincides with major institutional adoption, including BlackRock, Franklin Templeton, and Apollo building real-world asset (RWA) solutions on Aptos. BlackRock's BUIDL fund specifically targets ecosystem development, while Franklin Templeton and Apollo are tokenizing RWA portfolios on-chain. Aptos now ranks third globally in RWA total value locked (TVL) with $719 million, surpassing Solana and Stellar.
Technically, APT established support at $4.61-$4.66 with resistance emerging at $4.72. Ascending price patterns suggest potential testing of the $4.80-$4.90 Fibonacci range. Despite declining active addresses (from 1.58 million in February to 543,000 in July), a recent uptick to 760,000 addresses and surging DEX volumes—from under $6 million in March to a July 9 peak of $255 million—signal growing utility. Long-term RWA expansion, accelerated by U.S. TradFi integration into Web3, positions APT for sustained growth despite current adoption gaps versus rivals.