Aptos (APT) rebounded by more than 13% in 24 hours as the broader cryptocurrency market recovered, with altcoins taking the lead in the recovery. The total market capitalization all cryptocurrencies surpassed $2.77 trillion, an increase of more than 2.21%.

At the time of writing, APT's daily trading volume stood at $100 million, driven largely by attention surrounding the ecosystem's latest upgrade.

Aptos Labs Announces Block-STM v2

Aptos Labs announced an upgrade to Block-STM, which has been running in parallel on Aptos since mainnet launch. The upgrade was completed on October 15 and was named Block-STM v2, with other chains building on it. As a parallel execution engine, Block-STM processes transactions concurrently rather than sequentially — an approach that has become a competitive focus among layer-1 networks working to raise throughput.

The mechanism was explained by Aptos Labs' Head of Research Alexander Spiegelman and NEAR Protocol (NEAR) co-founder Illia Polosukhin — a crossover that reflects how far interest in parallel execution now reaches across the industry.

Network Activity Responds Immediately

The upgrade has since increased transaction throughput and scalability across the network, and on-chain metrics responded almost immediately. The chain's TPS hit a peak value of 1,308, while real-time throughput registered 174 — a gap that revealed the difference between theoretical and real-world performance.

Daily Active Accounts rose from 46,670 to 49,385, a 5.82% uptick. The monthly total of active accounts reached a peak of 710,712, with 16 days still to go before the end of October. New Accounts Created also grew, from 4,098 to 4,395.

User transactions followed suit, with a rise of more than 1.335 million in a single day. Transaction count climbed from 9.575 million to 10.91 million the following day.

Usage figures like these are typically watched after major upgrades because they show whether added capacity is being matched by real demand, and how long activity holds at post-upgrade levels through the rest of October will indicate whether the bump endures.

Why Bulls Are Struggling to Break Resistance

Despite the positive momentum, APT's price on the 4-hour chart was running into a major barrier at $0.8777. Every time the price hit this level, it was rejected, and the token even recorded a false breakout five days earlier.

At press time, APT was trading above $0.8777, a move that faintly flipped the SuperTrend indicator to bullish. Still, this did not confirm whether the altcoin's bulls could keep the price out of consolidation — which may explain why the RSI Divergence has been bearish. Even so, the RSI broke above the neutral level with a reading of 62.41.

A sustained uptrend could face rejection at $0.9653, a level that previously triggered a sharp drop to $0.7620. If buyers keep charging, the altcoin may reclaim $1 — a round-number level that often draws outsized attention from traders — now that a network upgrade is in place and boosting activity.

Summary

APT rallied by more than 13% after Aptos Labs announced the Block-STM v2 network upgrade. The token broke above the $0.8777 resistance level after repeated attempts, with bulls now targeting $1. Whether APT can hold above the reclaimed resistance remains to be seen.

Source: AMBCrypto