Aptos (APT) TVL doubles on enhanced security, NFTs, and RWAs integrations

Written by

Written on Feb 28, 2024

Reading time 2 minutes

Aptos' total value locked has surpassed $240 million.
The DeFi project partnered with zkME to heighten identity security.
Also, real-world assets and NFT integrations contributed to the TVL surge.

The total value locked of decentralized finance (DeFi) protocols within the Aptos (APT) ecosystem has soared two-fold YTD, currently above $240 million, highlighting increased user activity and adoption.

Factors like collaborating with zkME for improved identity security, real-world assets integration, and positive NFT developments catalyzed the TVL uptick.

Aptos partners with zkME for enriched identity verification

Big moves for growth and security on Aptos! The Aptos Foundation and @zkme_, leader in blockchain-based identity solutions, have partnered to provide easy, secure, and confidential identity verification on the Aptos network.

zkMe’s identity oracle will be integrated into the… pic.twitter.com/CMsXnZO3kT
— Aptos (@Aptos) February 27, 2024

Aptos revealed its alliance with a renowned blockchain identity solution, zkME. The collaboration aims to enhance identity verification within the Aptos ecosystem for heightened security, promoting user confidence.

Aptos onboard Real-World Assets

A tokenized RWA platform, Ondo Finance, announced its collaboration with Aptos Foundation. As invezz.com reported, the strategic alliance aims to enhance real-world asset integration within the Aptos network.

Ondo Finance has launched its USDY coin onto Aptos’ blockchain, exposing ecosystem users to USD-backed virtual assets.

???? Ondo Finance takes great pleasure in announcing our strategic partnership with Aptos Foundation, aimed at revolutionizing the integration of real world assets with blockchain technology on @Aptos_Network. ????

This partnership not only signifies a major step forward in… pic.twitter.com/jH1MbBrOjt
— Ondo Finance (@OndoFinance) February 22, 2024

Moreover, the companies plan more partnerships to connect RWAs and on-chain services.

Aptos’ NFT developments

A renowned gaming and non-fungible token marketplace, Jump.trade, announced that more than 600K users had successfully minted and claimed rental pass NFTs.

Meanwhile, Jump.trade’s top game, Meta Cricket League, runs on Aptos. That underscores the blockchain’s cost-effectiveness and scalability for the gaming sector.