Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
APT Aptos officially ends its four-year internal token unlocking program, reducing supply by approximately 60%.
On October 12, Aptos Network officially completed its four-year internal token unlocking schedule. This day coincides with the fourth anniversary of the network's launch on its main network in October 2022. This adjustment reduced the expected issuance of APT tokens by approximately 60%.
The Aptos Foundation issued an update announcement on token economics in advance, marking the arrival of this milestone. The announcement pointed out that the four-year unlock cycle for initial investors and core contributors will end in October 2026, which will reduce the annualized supply unlock volume by approximately 60%.
Main change: Remove the largest two scheduled sales groups
This change removes the network's largest two scheduled sales groups from the supply plan. During the creation stage, core contributors received 190 million APTs, and early supporters received 134.78 million APTs. The two totaled 324.78 million tokens, accounting for 32.48% of the total 1 billion APTs in the initial launch. Each gift has a lock-in period of 12 months, and is subsequently released on a monthly basis over a period of 48 months. These two groups received the last batch of tokens on September 12, 2026.
Altered release mechanism
Starting from October 12, only two pools,"Community" and "Aptos Foundation", will be retained in the unlock plan. The monthly release dropped from 11.31 million APTs to 4.54 million, and the annualized release dropped from approximately 135.7 million APTs to 54.5 million APTs. These two pools will allocate 1/120 of their remaining balances each month until 2032. This means that the 331.69 million APTs in Genesis's supply will remain locked in both pools.
Broader tokeneconomics reforms advance in parallel
This 60% cut is just a prelude to broader supply reforms approved through On-Chain Governance Proposal #183. The foundation has locked in and permanently pledged 210 million APTs, accounting for approximately 37% of its main network holdings and nearly 18% of its circulating supply, and has promised never to sell or distribute these tokens. At the same time, the issuance limit of APT was set at 2.1 billion hardcaps, the annual pledge reward was reduced from 5.19% to 2.6%, the gas fee was increased tenfold, and all expenses were destroyed.
Nature and limitations of the change
Removing the insider share of 6.77 million APTs per month does reduce the planned supply, but does not prevent the issuance of new tokens. Currently, approximately 763 million APTs (approximately 63% of all tokens) are in pledge status. With a reward rate of 2.6%, this position will still generate approximately 19.8 million APTs every year. In addition, unlocking calendars are usually priced by the market in advance, and this change has not affected the 1.196 billion APTs already in circulation.
基金会目前的策略是押注不断增长的销毁量，包括来自链上 Decibel 永续交易所的销毁。随着该交易所的发展，预计每年将销毁超过 3200 万枚 APT，最终有望超越通胀速度。
后续关注重点
在新的较小释放计划下，第一批代币将在数日内释放，这将为观察缩减后的释放节奏如何与质押及销毁机制互动提供早期参考。在需求侧，基金会正集中资源发展高吞吐量交易和机构金融业务，包括此前投入 5000 万美元用于 AI 代理和链上金融的努力。APT 的供应压力是否缓解，将取决于活动驱动的销毁量和较小的释放量能否跑赢staking 每年铸造的约 1980 万枚 APT。
