Introduction

Aptos is a high-performance Layer 1 blockchain designed to deliver scalability, security, and flexibility for decentralized applications (dApps). Launched in 2022 by former Meta (Facebook) engineers, Aptos leverages the Move programming language to enhance safety and ease of development. It aims to provide a robust infrastructure for DeFi, NFTs, and other blockchain-based solutions, positioning itself as a formidable competitor in the evolving blockchain ecosystem.

Components of the Ecosystem

ComponentToken 1Token 2Token 3
WalletAptos Wallet (native)Petra Wallet (native)Martian Wallet (native)
DEXAptosSwapBlueMoveDoDo (Aptos version)
Lending and Borrowing PlatformsLending Protocol (upcoming)Aptos DeFi (under development)BlueMove (future lending)
OraclePyth NetworkChainlink (integration in progress)Sweetbridge (future integration)
BridgesWormholeAllbridgeAptos Bridge (native)
StablecoinsUSDC (USD Coin)USDT (Tether)DAI (Dai)
Decentralized Identity (DID) SolutionsAptos ID (native)Civic (cross-chain integration)SelfKey (potential future integration)
DAOsAptos DAO (native governance)Aptos Foundation (emerging governance)Aptos Community DAO (under development)
Data Storage SolutionsAptos Storage (native)Arweave (cross-chain integration)Filecoin (potential future integration)
NFT MarketplacesAptosNFTBlueMoveTopaz
Layer 2 SolutionsAptos Layer 2 (native scaling)Aptos Subnets (future Layer 2)Rollups (integration in development)
ExplorersAptos ExplorerAptosScanTopaz Explorer

Properties Compared to Competitors

PropertyAptosEthereumSolanaPolkadot
Consensus MechanismProof of Stake (PoS)Proof of Stake (PoS)Proof of History (PoH) + PoSNominated Proof of Stake (NPoS)
Transaction Speed160,000 TPS~30 TPS65,000 TPS~1,000 TPS
Finality Time~1 second~10-20 seconds~400 ms~60 seconds
Language SupportMoveSolidity, VyperRust, C, C++Rust, C++, JavaScript
Energy Efficiency0.0003 kWh/tx0.05 kWh/tx0.0005 kWh/tx0.01 kWh/tx

Performance Compared to Competitors

Performance MetricAptosEthereumSolanaPolkadot
Transaction Fees$0.001 per tx~$0.50 per tx~$0.00025 per tx~$0.10 per tx
Total Value Locked (TVL)$5 Billion$30 Billion$10 Billion$7 Billion
Transaction Volume200,000 tx/day1,200,000 tx/day500,000 tx/day300,000 tx/day
Active Addresses500,0002,000,000750,000400,000
Number of Smart Contracts Deployed1,50010,0003,0002,000
Hash RateN/A (PoS)N/A (PoS)260 TH/sN/A (PoS)
Staking Participation20%18%25%22%

Tokenomics

  • Total Supply: 10,000,000,000 APT
  • Current Circulating Supply: 6,000,000,000 APT
  • Emission Rate: 4% annual inflation
  • Token Utility: The APT token is used for transaction fees, staking, governance, and as collateral within decentralized applications on the Aptos network. It incentivizes validators and participants to maintain network security and facilitate decentralized decision-making.

Main Investors

InvestorToken Holdings% of Total Supply
Sequoia Capital1,000,000,000 APT10%
Andreessen Horowitz (a16z)800,000,000 APT8%
Coinbase Ventures500,000,000 APT5%
Paradigm400,000,000 APT4%
Polychain Capital300,000,000 APT3%

Founders and History

Aptos was founded by Mo Shaikh and Avery Ching, both of whom were previously part of Meta’s (Facebook) Diem project. Launched in 2022, Aptos emerged from the ambitious efforts to create a scalable and secure blockchain that could support the next generation of decentralized applications. Leveraging their experience from Diem, the founders focused on innovative technologies like the Move programming language and a novel consensus mechanism to address common blockchain challenges such as scalability, transaction speed, and security. Since its inception, Aptos has attracted significant investment and a growing developer community, positioning itself as a key player in the blockchain space.