1 · Stablecoins on Aptos
NewUSDT on Aptos has about halved since June 2026.
Data
| Date | USDT | USDC |
|---|---|---|
| Jul 31 2026 | $847M | $265M |
| Aug 31 2026 | $732M | $208M |
| Sep 30 2026 | $522M | $358M |
| Oct 14 2026 | $432M | $298M |
Monthly unlocks add most new APT. Burns barely dent it.
APT powers Aptos: 871.26M coins circulate, 72% of all made. New APT comes from monthly unlocks and staking pay; every gas fee is burned.
Sell pressure. Unlocks added 33.93M APT in 90 days and staking pay 4.83M. The last team and investor unlock is Oct 12 2026; after it, unlocks fall to 4.54M a month.
Buy pressure. Gas burns removed a net 407K APT, about 95 times less than came in. No buyback runs yet.
Net. Net, supply grows 4.40% in 90 days, slowing to about 2.85% next.
Stakers are paid in brand-new APT every two-hour epoch, at 2.6% a year since a March 2026 vote halved the old 5.19% rate. The rate already sits at its floor. We read the reward payout on 40 epochs spread through the window: about 4,461 APT each, times 1,083 epochs, is 4.83M APT. About 755M APT is staked now, a little less than in early September, so the payout is drifting slowly down.
Unlocks land on the 12th of each month. Until October that is 11.31M APT: 3.96M to core contributors, 2.81M to investors, 3.21M to the community pool and 1.33M to the Foundation. Jul 12, Aug 12 and Sep 12 added 33.93M. The last team and investor tranche is Oct 12 2026; after that only 4.54M a month remains, to Oct 2032.
Everything still locked is on the dated calendar: about 234M APT of community pool and 97M of Foundation pool (released monthly to Oct 2032), plus the final 6.77M team and investor tranche. Those three add up to the locked supply within 10,134 APT, so no unscheduled pile exists. The Foundation's pledge to keep 210M APT staked forever is already counted as circulating. No buyback wallet exists yet. No public evidence of release in window — monitored.
No estate, trustee or court payout holds APT, and no old long lock is paying out.
No buyback runs. The Foundation said in February 2026 it is exploring one, paid from cash or revenue, but no program, wallet or purchase has appeared.
Every gas fee is burned when paid; fees rose 10x in March 2026. About 487K APT was burned in the window, and roughly 80K of it was paid back to validators as priority fees, so 407K APT left supply for good, about 4,520 a day. Daily user transactions fell from about 11M in July to about 9M in September.
No announcement or on-chain flow shows the Foundation or any project treasury buying APT in the window.
The Foundation's 210M APT permanent stake (pledged in 2026) and about 755M APT staked in total are real locks, but staked APT still counts as circulating, so they take nothing out of the float. They only raise the staking payout above.
Two sides: how much people want APT right now, and how much buying could come later.
This part is based on social media. It shows how hot APT is right now. A better rank means more people are talking about it.
Today, people are talking about APT for two reasons:
On Oct 12 2026, Aptos made Encrypted Mempool live on mainnet. Users can choose to hide what their trade does until its place in the block is fixed, so bots cannot jump ahead of it, but the fee is at least twice the normal minimum. People ask if this will bring bigger traders and more fees to Aptos.
In October 2026, the last monthly unlocks for early investors and core contributors ended. New APT released each month falls from about 11.31 million to about 4.54 million, a drop of about 60%. People ask if less new supply can help APT, which is near $0.80 after a strong four weeks.
Checked Oct 14 2026
Supply and demand point to a negative long-run signal for Aptos (Oct 15 2026, score 3.5/10). Aptos adds +2.85% new supply in 90 days, and demand reads modest (2.5/5). Aptos's price drivers: 0 ▲ price up, 1 ▼ price down.
Sui, by a little: 4.5/10 against Aptos's 3.5/10 on Oct 10 2026. Aptos carries heavier new supply, +9.09% over the next year vs Sui's +5.54%, and USDT on Aptos has about halved since June 2026. Sui is also far larger, $4.71B vs $0.71B. That leaves Aptos's long-run signal at negative, by supply and demand.
Two things likely weigh on Aptos. New tokens keep coming, +2.85% in 90 days, and USDT on Aptos has about halved since June 2026. Demand reads only modest at 2.5/5 (Oct 10 2026), probably not enough to absorb that supply. Supply and demand still read negative for Aptos in the long run.
Aptos trades near 81.3 cents (Oct 15 2026). $100 a coin means a $87.1B market cap, 123 times today's $709M. Aptos's supply also grows +9.09% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Aptos stays negative.
We would read Aptos differently if new supply keeps arriving (+2.85% in 90 days), or demand falls from modest, or Stablecoins on Aptos keeps pointing down. Until then Aptos's signal stays negative.
Aptos scores 3.5/10 on our framework (Oct 15 2026): supply 1/5 (very heavy), demand 2.5/5. Over the next year Aptos's supply changes +9.09%. The long-run signal is negative.
Supply and demand favor Aptos most when little new supply is coming, demand is strong and the price drivers point up. Right now Aptos has +2.85% new supply in 90 days (very heavy), demand modest (2.5/5), drivers 0 ▲ / 1 ▼.
Aptos's price drivers today: 0 pointing up, 1 pointing down, out of 2. ▼ Stablecoins on Aptos: USDT on Aptos has about halved since June 2026. • US APT ETF: Bitwise's US filing has been silent since Aug 15 2025.
Aptos: negative signal, 3.5/10 · Bitcoin: positive signal, 8.5/10 (Oct 15 2026). By supply and demand, Aptos reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. APT supply grows +2.85% in the next 90 days, so it shows in red: more APT reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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