Aptos has lost its footing in the stablecoin rankings after a sharp weekly decline wiped more than $150 million from its native stablecoin market cap. Aptos Falls Below the $1 Billion Mark Ac
Aptos has lost its footing in the stablecoin rankings after a sharp weekly decline wiped more than $150 million from its native stablecoin market cap.
According to data from DefiLlama, @Aptos' stablecoin market cap has dropped approximately 14.5% over the past week, pushing the figure below $1 billion to around $950 million at the time of writing. The move is a notable reversal for a chain that had been building stablecoin liquidity steadily throughout the year. Earlier in 2026, stablecoin liquidity on Aptos peaked at close to $1.9 billion, making the current pullback all the more striking.
The broader stablecoin market, by contrast, has held up. Total stablecoin market capitalisation stood at $308 billion as of mid-August 2026, up 14.3% year over year, according to DefiLlama data. Aptos is clearly losing ground relative to that wider trend.
The decline has been enough to hand @StellarOrg the number 13 position in the chain stablecoin rankings. Stellar has been gaining momentum on multiple fronts. The payments-focused platform climbed to third place among blockchains hosting tokenized real-world assets as of September 25, 2026, with DefiLlama data showing $2.75 billion in tokenized holdings tied to off-chain value. That broader activity appears to be pulling stablecoin flows along with it.
For Aptos, the stablecoin retreat adds to a challenging period for the network's token. $APT collapsed from around $5.50 in October 2025 to an all-time low near $0.53 in August 2026.Even fresh ecosystem updates have struggled to generate a meaningful price reaction, suggesting demand for the token remains limited despite continued network activity.
On the supply side, Aptos has been implementing structural changes. The project shifted toward a more deflationary model by introducing a 2.1 billion $APT hard supply cap, reducing staking rewards from 5.19% to around 2.6%, and permanently burning 100% of transaction fees.A key milestone arrives on October 11, 2026, when annual token unlocks are expected to decline by nearly 60%, easing long-term selling pressure. Whether those mechanics can help reverse the stablecoin outflows remains to be seen.
Sources:DefiLlama: Stablecoins by ChainCoinpedia: Aptos Stablecoin and APT Price AnalysisBitcoin Foundation: Stablecoin Market Cap Tops $321B
