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Aptos

APT
Smart Contract PlatformProof of Stake (AptosBFT / HotStuff-based BFT)Launched 2022
Max Supply
2.10B
Circulating
750.00M
Launched
2022
Minute-Level Data From
2022-12-28

What it does

Aptos is a Layer 1 blockchain built by former Meta (Facebook) engineers who worked on the Diem blockchain project. It uses the Move programming language for smart contracts, designed for safety and resource scarcity. APT is used for transaction fees, staking, and governance. The network targets high throughput with parallel transaction execution and hosts institutional tokenized assets.

How it works

Aptos uses the AptosBFT consensus algorithm (based on HotStuff, a BFT variant) providing fast finality in approximately 1 second. Its key technical innovation is Block-STM (Software Transactional Memory), which executes transactions in parallel by speculatively running them and detecting conflicts, then re-running only conflicting ones. Smart contracts use the Move language, which treats digital assets as resources that cannot be duplicated or unexpectedly disappear. In 2025, governance voted to cap APT supply at 2.1 billion tokens, with staking rewards to decrease and transaction fees used to buy and burn APT toward the target.

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Problem it solves

Aptos was designed to be the production-grade blockchain that Diem (originally Facebook's Libra) aspired to be β€” serving billions of users with safety guarantees that traditional languages like Solidity cannot provide. The Move language's resource model prevents common smart contract vulnerabilities like reentrancy and unauthorized duplication of assets. It aims to combine institutional-grade reliability with consumer-scale throughput.

Key Differentiator

Block-STM parallel transaction execution combined with the Move resource-safe programming language, built by the team that designed Meta's Diem blockchain and targeting institutional-grade reliability at consumer scale.

Tokenomics

Supply Model
Fixed cap (2.1B APT hard cap voted in 2025; transition from inflationary to deflationary via fee burns)
Staking
Validators and delegators stake APT; staking APY approximately 7% declining as supply cap approaches
Burn Mechanism
Transaction fees used to buy and burn APT as part of the 2.1B supply cap transition
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Ecosystem

Chain: Aptos (own Layer 1 blockchain)
Depends on: Aptos Foundation and Aptos Labs development, Move ecosystem growth, institutional RWA integrations (BlackRock, Franklin Templeton)
Influences: Move language adoption across other chains (Sui also uses Move), DeFi on Aptos (Panora, Thala), institutional tokenization

Similar Projects

Sources

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.