Aptos: There Is No Reason For This

Jan. 30, 2023 3:48 PM ETAptos (APT-USD)2 Comments


  • Aptos is one of the newer base layer blockchains in the cryptocurrency market.
  • The protocol has been widely criticized for questionable tokenomics and poor transparency.
  • APT, the native coin of the chain, is up nearly 400% YTD. I can't find a legitimate reason.
  • I do much more than just articles at BlockChain Reaction: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Abstract blockchain or networking concept - Small blocks forming a bigger block


Aptos (APT-USD) is one of the hot new blockchains after launching its mainnet in October of last year. APT is the native coin of the Aptos blockchain and it's used for gas fees in transactions. Aptos is actually a remnant


APT YTD (Seeking Alpha)

DAU Growth

DAU Growth (Aptos Labs)


APT TVL (DeFi Llama)

L1 Developer Trend

L1 Developer Trend (Token Terminal)

APT Devs vs Code Commits

APT Devs vs Code Commits (Token Terminal)

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This article was written by

Mike Fay profile picture
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. I share deep dives on under the radar digital assets through my Seeking Alpha investor group BlockChain Reaction - my approach to crypto coverage leans far more fundamental than technical. I believe the overwhelming majority of crypto coins will go to zero. However, I think there are many that will actually perform very well long term. Those are the assets I aim to help other investors find. 

Outside of Seeking Alpha, I write the Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have a beneficial long position in the shares of ALGO-USD, DOT-USD, ATOM-USD, AAVE-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I'm not an investment professional. I share what I do for informational purpose.

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