APT · staking emission plus monthly unlocks, no buy side.
APT is the gas and staking token of Aptos, a proof-of-stake Layer 1 — ~819M circulating, moving toward a proposed 2.1B supply cap.
Sell pressure. Staking still mints new APT (rate just halved to 2.6%), and ~11.3M/month vesting unlocks land through Oct 2026 — together ~39M APT to market this window.
Buy pressure. 100% of the base gas fee is burned (raised 10× in 2026), but the pace is tiny next to emission — and there is no buyback.
Net. About 4.8% of supply to market over 90 days — heading up, until the unlock cycle ends in October.
- Monthly vesting unlock~11.3M APTJul 12 2026 · added to market
Staking rewards mint new APT. The reward rate was cut from 5.19% to 2.6% in early-2026 governance — at 2.6% on the circulating base this is ~5.4M over 90 days, roughly half the prior pace.
Investor + core-contributor vesting releases on monthly cliffs of ~11.3M APT. Three cliffs land inside the window (~33.9M); the 4-year cycle ends Oct 2026, after which the pace drops sharply.
Tracked overhang: ~1.28B APT still unvested toward the proposed 2.1B cap. The Foundation permanently locked 210M APT in early 2026, removing that block from the float — no further discretionary release observed.
No bankruptcy estate. The 210M Foundation lock is permanent, not a timed release.
No protocol buyback — staking rewards are paid from new emission, not from buying APT on the market.
100% of the base gas fee is burned, and gas was raised 10x in 2026 — but the absolute pace is tiny next to staking emission, so it nets to zero at this scale. Scales with on-chain activity.
No Foundation accumulation programme.
No new staking-lock programme with an announced quantum (the 210M Foundation lock is counted as a removed overhang, not a buy).
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