Aptos, a Layer 1 blockchain platform, is showing signs of growth in the stagnant cryptocurrency market. However, just like in the world of blockchain, paying attention to details is always critical.

Last month, Aptos recorded 5.4 million active monthly addresses, demonstrating performance that can compete with more established chains. Additionally, the platform reached a high transaction volume on a monthly basis with 578 million user transactions. This indicates significant activity in the Aptos ecosystem.

The APT token has also proven its resilience with a 4.9% increase in the last 12 months. This rise is seen as a significant achievement in a period where fluctuations are frequent in the crypto market.

Crypto data should be approached with skepticism

Although these figures indicate a growing ecosystem, it is important not to forget the careful evaluation of on-chain metrics. Increases in transaction volume and active addresses may not always reflect real economic activity. Here are some points to consider:

• Bot Activities and Airdrops: High transaction numbers and active addresses can sometimes be inflated by bot activities or airdrops. Such activities may misrepresent real user participation.
• Meaningful Economic Activity: High transaction numbers do not always represent meaningful economic activity. Especially situations like promotional activities or token distributions can lead to temporary increases in activity. What matters is observing whether this activity will continue after the airdrop.
• Sustainable Growth: Rapid growth can be exciting, but to create a sustainable ecosystem, a balance must be struck between new users, as well as retained and actively engaged users.

Blockchain data provides important information about the overall state of an ecosystem, but these data do not always fully reflect the story. The true success of a blockchain should be measured not only by transaction volume, but also by its ability to solve real-world problems, encourage innovation, and create a sustainable ecosystem. Aptos' progress in this direction is worth closely monitoring.