Daily trading volume on Aptos<\/a>-based decentralized exchanges hit a record on Wednesday, surpassing the $190 million mark for the first time in the network\u2019s history. Meanwhile, the Layer 1 network\u2019s total value locked (TVL) stands at $1 billion, roughly 23% below its all-time high of $1.3 billion reached in late 2024.<\/p>\n APT<\/a>, the native token of Aptos, is up 14% in the past week, trading near $5.<\/p>\n The surge in trading activity comes shortly after Aptos Labs and Jump Crypto unveiled a new project called Shelby<\/a>, designed for developers building storage-intensive apps such as video, social, or AI tools.<\/p>\n Shelby is a decentralized storage network that offers low-latency reads and on-chain data verification, designed to function like cloud storage but run on blockchain rails.<\/p>\n Additionally, Aptos is set to become<\/a> the first non-EVM network to host Aave, DeFi\u2019s largest lending protocol, after the proposal reached quorum and passed a community governance vote. A testnet version of Aave V3 is already live on Aptos, built using Move, a programming language first developed at Meta that underpins the Aptos network.<\/p>\n Finally, Upbit, one of South Korea\u2019s largest crypto exchanges, also enabled<\/a> USDT deposits and withdrawals on the Aptos network last week. That makes Aptos the third blockchain \u2014 after Ethereum and TRON \u2014 to support USDT on South Korean exchanges.<\/p>\n![\"Trade](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Funnamed-35--488182fe-df12-4951-b26d-9245423354ae.png&w=1080&q=100\"\/)