APT · the emission got halved, but the unlock calendar is still the whole story.

Validators mint fresh APT every two-hour epoch and pay it to stakers. The rate on the chain right now is 2.60% a year on the 769.0M APT actually staked, which works out at about 5.00M APT over 90 days. It used to be 5.19%; the network halved it on Mar 16 2026 and the setting has already reached its floor, so it does not step down again on its own.

The original four-year allocation calendar still releases about 11.31M APT on the 12th of every month, and three of those landed in the window. This is by far the biggest single source of supply on Aptos — roughly seven times the staking mint. Three more land next: Aug 12, Sep 12 and Oct 12 2026, and that last one closes the four-year investor and core-contributor cycle for good.

Two team-controlled pools are tracked. About 361.06M APT sits outside the tradable float, released only by the published monthly calendar in row 2. Inside that sits the 210M APT the Aptos Foundation locked permanently in Mar 2026 — it stays staked forever, and the Foundation has said it funds itself from the rewards on those coins instead of selling them. Nothing moved outside the calendar. No public evidence of release in window — monitored.

There is no Aptos bankruptcy estate, no trustee and no court-ordered distribution of APT. Nothing can enter the market from this row.

Aptos runs no buyback. The Foundation has said it is exploring one funded from cash reserves and future revenue, but nothing has been voted, funded or deployed, and no wallet is buying APT on the open market. Capacity is not a programme. No public evidence of purchase in window — monitored.

Every APT paid in gas is destroyed — 100% of fees, with the fee level raised tenfold in the Mar 2026 overhaul. That removed about 0.62M APT over 90 days and the pace is steady at roughly 0.20M a month. It is real deflation, but at this level of network activity it cancels only about one-sixtieth of the supply arriving from the other side.

No Aptos Foundation or Aptos Labs entity has disclosed an open-market APT purchase, and none is visible on the chain. No public evidence of purchase in window — monitored.

No new lock was created in the window. The 210M APT the Foundation locked permanently was executed back in Mar 2026, and those coins had never been tradable, so counting them now would invent deflation nobody experienced. Ordinary staking is not a lock either — the unstaking wait is only 14 days.