The news of an Aptos ETF is indeed positive for the project. However, from the perspective of a long-term observer and investor in Aptos, the core issues facing the project are not resolved by such developments.
@AveryChing@Justin_Bons@Aptos It is very impressive to capture the stablecoin market share through the fastest and cheapest technology. But where is the main revenue source of the Aptos chain? According to Defillama, it seems that there is almost no revenue.
@kantianum@Hyperfluidxyz@TappExchange@kanalabs I don't know about any other projects, but Kana Labs was once very famous. But they missed the current timing, and the Aptos chain itself needs a lot of tge and activity from a lot of projects to come to life.
@ryanyoon_eth@Steve_4P Their mission is to improve upon failures in order to succeed with their projects, but when scammers fail, they simply launch new projects. That’s the way they operate, and there are many such projects in crypto.
After comparing the App Revenue of Sui and Aptos on Defillama, it turns out that while Sui is growing its protocol based on steady revenue, Aptos is only generating a profit of about $170. I wondered why Aptos hasn't been able to rise, and it seems that the project has no choice but to sell $APT to fund its operating expenses.