The Aptos Network  is starting December on a high note, showcasing remarkable network activity and growth. As most top blockchains experienced a slowdown at the end of November, Aptos maintained its upward trajectory, breaking multiple records.

With total value locked (TVL) reaching an all-time high of $1.203 billion on December 1 and stablecoin market capitalization climbing to $311.45 million, the network’s recent performance has caught the attention of investors and analysts alike. These milestones reflect robust network activity and could signal exciting times ahead for APT holders.

Aptos Sets New Records

The Aptos ecosystem has been on a steady climb, with its TVL growing by over $400 million in November alone. This marked a significant recovery from its July lows, when TVL was at a modest $309.63 million. The upward trend underlines the network’s resilience and ability to attract capital, even during periods when the broader market faced challenges.

Similarly, Aptos’ stablecoin market capitalization has also hit a new high, signaling increasing trust and usage of its ecosystem. Stablecoins are often used as a barometer for liquidity and activity within a blockchain network, and Aptos’ performance in this regard is noteworthy.

APT’s Price Struggles with Resistance

While the network has achieved significant growth, the APT token has been facing challenges in breaking through a key resistance level. After a bullish start in November, APT’s price momentum stalled around the $13 mark, with the cryptocurrency trading at $13.55 at the time of writing.

The $13 price zone has become a critical level for APT, acting as a ceiling that the token has struggled to surpass. However, recent indicators suggest that bullish momentum is building, with APT’s Relative Strength Index (RSI) and Money Flow Index (MFI) both moving above the 50% threshold. These technical signals indicate growing buying pressure, which could potentially propel the token past its resistance level.

Derivatives Show Growing Interest

The Aptos derivatives market is also heating up. Open interest for APT futures has risen to $326.09 million, reflecting increasing participation from traders. Although this is slightly below November’s peak of $359.26 million, the upward trend in open interest suggests that market momentum is building.

Moreover, funding rates for APT futures have turned positive on most major exchanges, signaling increased confidence among traders. Positive funding rates often indicate that long positions are dominating, which could further bolster APT’s price.

Can APT Break Out in December?

The combination of record-breaking network activity, robust derivatives interest, and positive funding rates paints an optimistic picture for Aptos. With investor sentiment appearing to strengthen, a breakout above the $13 resistance level seems increasingly plausible.

If APT can sustain its momentum and leverage the growing confidence in its ecosystem, it could achieve a significant bullish extension into December. However, traders should remain cautious, as resistance zones often present a tough barrier to overcome, and market volatility could play a role in shaping the token’s near-term trajectory.

Conclusion

Aptos’ impressive network growth and increasing investor interest highlight its potential as a leading blockchain platform. With APT’s price nearing a critical breakout point, December could be a pivotal month for both the network and its native token.

Whether APT can capitalize on its momentum to break through resistance remains to be seen, but its recent achievements position it as one of the most exciting projects to watch in the crypto space this month.