Apt coin supply info

Answered at Nov 09, 2024

Apt Coin Supply Information

Aptos (APT) is a cryptocurrency that operates on the Aptos blockchain, a newer-generation Layer 1 blockchain platform. Here's a detailed look at the supply dynamics of Aptos coin.

Current Supply Details

  • Circulating Supply: As of the latest data, the circulating supply of Aptos is approximately 519,734,010.90 APT (Coin360).
  • Market Capitalization: With the current circulating supply, the market capitalization of Aptos stands at around $5.12 billion (Coin360).
  • Price: The price of Aptos is approximately $9.86 (Coin360).

Supply Characteristics

  • No Maximum Supply: Aptos does not have a capped maximum supply, which means new tokens can be introduced into the market over time (Binance).
  • Staking and Governance: APT is used for staking, which helps secure the network. Users who stake APT can participate in governance, influencing key decisions and protocol upgrades (Coin360).

Market Activity

  • Trading Volume: The 24-hour trading volume for Aptos is reported to be around $352.28 million (CoinDesk).
  • Price Movement: Over the last 24 hours, the price of Aptos has seen a slight increase of 1.50% (CoinDesk).

Use Cases

Aptos coin serves several purposes within its ecosystem:

  • Transaction Fees: APT is used to pay for transaction fees on the Aptos blockchain, ensuring smooth network operations (Coin360).
  • DeFi and NFTs: APT is utilized in decentralized finance (DeFi) applications for lending, borrowing, and liquidity provision. It is also used in NFT marketplaces for buying, selling, and trading (Coin360).

Unique Features

  • Move Programming Language: Aptos employs the Move programming language, which is designed to enhance transaction speed and security, providing additional protection for smart contracts (CoinDesk).
  • Byzantine Fault Tolerance (BFT): The network uses a BFT variation of the Proof-of-Stake (PoS) consensus mechanism, which allows it to maintain efficiency even in the event of failed transactions (Binance).

Conclusion

Aptos coin is a versatile cryptocurrency with a significant circulating supply and active market presence. Its use in staking, governance, and various applications within the Aptos ecosystem highlights its integral role in the blockchain's operations. With no maximum supply cap, the dynamics of APT's supply and demand will continue to evolve, influenced by its utility and market trends.