DeFi Structure on the Aptos Chain?

A clear trend has emerged this year: the leading protocols have formed a fixed combination, each taking on different asset and risk layer functions. Echo, Aries, TruFin, Kofi, and Aptin have consistently ranked among the top ten in TVL, with a combined total of over $370 million locked, forming the core pillars of Aptos' financial layer.

Echo continues to lead with a TVL of $270 million, mainly relying on liquidity and restaking demand for aBTC. It essentially acts as the BTC capital gateway on Aptos, responsible for absorbing and generating yield from cross-chain Bitcoin.

Aries maintains around $42 million, attracting significant on-chain activity with its high LTV lending for APT. It plays the role of the main lending market on the chain, providing a cyclical destination for stablecoins and APT.

TruFin’s $27 million is centered in institutional-grade staking/restaking modules, leaning toward a more stable yield layer and offering on-chain interest rates that closely resemble real-world financial logic.

Kofi offers MEV-optimized liquid staking, with a TVL of nearly $20 million and an APR that has remained at 7-8% year-round, providing a long-term liquidity source for Aptos’ PoS layer.

Aptin completes the on-chain interest rate structure with its algorithmic lending market at around $10 million, accommodating lending needs for small to medium-sized capital.

Overall, these five projects almost cover all major financial paths on Aptos:

BTC → Stablecoins → Lending Cycle → Staking → Restaking → Yield Strategies

This is also the stable structure of Aptos DeFi at present; the leading protocols do not cannibalize each other, each takes on a different function, and together they create a closed loop for on-chain capital flow!

#KaitoYap @KaitoAI @Aptos $APT #Aptos #Yap