Aptos ($APT) just logged the fastest block time ever recorded among major blockchains, averaging 73 milliseconds per block last week, according to Token Terminal. That’s faster than Arbitrum One (250ms) and Solana (401ms), marking a new milestone in on-chain efficiency.
Still, the market didn’t seem to care. As of early Tuesday, the Aptos price crashed 14% in 24 hours, dropping to $2.64, its lowest point in years.
Market Selloff Turns Brutal for APT
The decline followed a brutal crypto-wide liquidation storm that erased $1.1 billion in leveraged positions on November 3. Bitcoin’s fall to $105,000 sparked panic across the altcoin market, with Aptos among the hardest hit.
Trading activity spiked sharply, with daily volume climbing more than 60% to roughly $194 million as traders rushed to exit positions. The mood across the market turned defensive, and the Crypto Fear & Greed Index slid to 27, showing clear risk aversion. Aptos also made the list of top daily decliners on CoinMarketCap.
On the charts, APT has slipped under its 7-day SMA at $3.25 and lost the 61.8% Fibonacci level near $3.51, reinforcing short-term weakness. The 14-day RSI is hovering around 30, brushing oversold territory but still showing no convincing sign of a reversal.
Analyst Michaël van de Poppe called Aptos “massively mispriced”, noting it’s at its lowest valuation in four years despite steady ecosystem growth. He projects a possible rally to $5–6 in the coming months, assuming macro sentiment stabilizes.
That said, until Aptos reclaims the $3.50 zone, traders remain cautious. A clean breakout above that Fibonacci level could confirm relief momentum, while further downside would signal prolonged accumulation.
Network Growth Defies Aptos Price Action
Paradoxically, on-chain activity paints a different story. Aptos has quietly climbed the usage charts. Over the past month, it’s averaged about 1.4 million active addresses per day, putting it fifth among major Layer-1 networks, just behind BNB Chain and Solana. That’s roughly 8% of all L1 activity, proof that user traction is growing even as the token keeps sliding.
On the revenue side, the network pulled in around $1.7 million in fees over the past year, ranking 16th among Layer-1s. It’s not a huge number, but it shows the chain is still expanding its base while weathering one of its toughest price periods yet.
READ MORE: Ethereum Price Flag Points to a Rally Amid BitMine Buying Spree
