@Aptos Weekly Update 👏
Policy Participation: Aptos Labs CEO Avery Ching testified this week in the U.S. Congress on digital asset innovation, actively engaging in industry policy discussions;
Funding Growth: The market cap of Aptos stablecoins surpassed $1.6 billion, with on-chain Bitcoin assets exceeding $400 million, and the BTCfi application rapidly expanding;
Protocol Upgrade: Aptos will automatically migrate to a new alternative asset standard starting June 30, 2025, optimizing asset management architecture;
Technical Innovation: Confidential transaction features launched on the development network, with Hypernative providing real-time threat monitoring to enhance cybersecurity;
#DeFi Activity: $USDT deposits exceeded $100 million, with aBTC lending incentives reaching $700,000, as multiple protocols accelerate their DeFi ecosystem layout;
Global Deployment: Aptos became the official wallet for the Osaka World Expo, serving over 270,000 users, with steady expansion in Southeast Asia and the Indian market;
Developer Support: Initiated the co-construction of the Move security library and launched a no-code indexing tool to accelerate infrastructure development.
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