Can the stablecoin narrative save general-purpose public chains? The answer may still be no～ After converting my $APT position into stablecoins, I asked in the community: What protocols are worth participating in on Aptos right now? The response was very direct: Deposit-based DeFi, stablecoin APR can still reach around 20%. However, the following comment was: Stablecoins cannot support Aptos; now stablecoins already have dedicated chains, and there will only be more in the future. This reminded me of my recent thoughts on $ETH. Stablecoins are indeed the most essential on-chain asset, but in the future, they will only divert traffic from existing public chains. 🤔 Changes in stablecoin logic: 1️⃣ In the past, stablecoins relied on general public chains, becoming the main source of TVL and transaction fees. 2️⃣ Now, stablecoin projects are starting to build their own public chains, directly addressing payment and settlement needs. 3️⃣ In the future, the stablecoin TVL on...
Woke up to find that $APT has risen quite nicely～
So I sold the portion I bought before the recent crash (breaking even).
However, since May, due to @hyperion_xyz's high-intensity mining on Aptos, I still have some feelings for it.
So I asked my friends in the community why it was rising.
My friends said it was riding on the hype of the big president, and according to the quoted tweet, it seems that $USD1 is going to be introduced.
Any movement is a good thing, after all, @Aptos has indeed been pushing forward with stablecoin-related business recently.
But after checking the data on DeFillama, Aptos's overall situation still doesn't look optimistic, and currently, there aren't any new or popular protocols to participate in.
So I still don't plan to hold onto the coins, and I'll convert the sold portion into TVL to continue supporting.
Note: The above is for information sharing only, not investment advice, please be sure to do your own research!
DeFi enthusiast: BitHappy
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