it's becoming clear that stable coins are crypto's killer use case now being able to send digital US Dollars instantly with minimal friction is hugely valuable and opens the door to payments savings and more and the cryptos that power these stable coin use cases will have the most potential of all believe it or not but it looks like aptose could be at the top of this list and a could become a top five crypto as a result and that's why today we're going to do a deep dive into apto so bring you up to speed on what it's been up to analyze ap's price action and tell you where this crypto project could be headed next stay tuned I'll start by saying that nothing in this video is financial advice it's purely educational content that's intended to inform you about Aptos and I'll also note that while I don't hold AP in my portfolio some other members of the team coin Bureau do but this will not affect the object ity of today's review which is also not sponsored in any way of course if you want to know which cryptos we hold and which ones we're personally considering add to our portfolios you can become a member of the coin Bureau Club using the link in the description now it's been over 2 years since we last covered aptose so a refresher is probably in order Aptos was technically founded by meta back when it was known as Facebook as some of you will know Facebook tried to launch its own digital currency called Libra which was later rebranded to DM in 2019 a DM was shut down in January 2022 of course it was because of regulations uh you can get the full story in the description anyway shortly before DM was shut down the team behind the project split into two and founded two crypto projects s and Aptos in the case of Aptos two chaps named Mo shake and Avery Ching gathered some of DM's best developers to found aptose labs in December 2021 the aptose team subsequently raised 350 million do from Top crypto VCS across multiple funding rounds in 2022 the full amount was likely much larger as some of the funding rounds were undisclosed notably binance invested in aptose twice increasing its initial investment because of Aptos technology even more notably uh two of these funding rounds included FTX which of course imploded in November 2022 in September 2023 the FTX bankruptcy estate was ordered to liquidate I. E sell its altcoin Holdings including $137 million of AP which works out to around about 33 million a coins in total it's not clear if all this AP has already been sold or if sales are still ongoing in any case Aptos main net went live in October 2022 which was when we last covered the project and if you watched that review you might recall that there was a lot of controversy at launch namely around its tokenomics which were only revealed just before AP started trading on exchanges regardless Aptos uses a delegated proof of stake blockchain that can process up to 160,000 transactions per second os's highest recorded TPS is around 13,000 according to its website what's interesting is that aptose is technically faster than salana as it has a block time of Just Around 200 milliseconds versus 400 milliseconds on salana but like salana eptos has experienced outages and we'll come back to that a bit later now eposa speed is made possible due to a series of Innovations such as parallel transaction execution and its modular design which breaks down transaction processing into five steps it's also made possible by the fact that aptose is is somewhat centralized it has only 151 validator nodes but over 500 full nodes this low validator account might have something to do with the fact that the minimum stake required to become an aptose validator is million a that's more than $60 million at the time of shooting this video now thankfully delegation is possible with as little as 11 AP but that's still around $140 whatever the case a staking rewards are currently around 7% for validators and delegators with a 14-day lockup and no slashing risk because all transaction fees are burned this 7% stake in reward comes from ap's inflation which starts at 7% and will decline gradually until it reaches 3. 5% in a few decades regarding tokenomics apt had an initial supply of 1 billion which was allocated as follows 51% to the Community 19% to the team which is based in the US 16.
5% to the Aptos Foundation which is based in the Cayman Islands and 13. 5% to investors note the community allocation is held by the Aptos foundation and abose Labs so this basically puts the team in control of over 85% of the initial Supply the vesting schedule for AP can be seen right over here you'll notice that it's extremely aggressive with most of ap's initial Supply being unlocked between October 2022 and October 2026 it's worse than you think because Aptos tokenomics specified that the locked AP can be Stak and staking rewards my friends that can be sold you'll know this if you watched our video about aptose versus salana and if you haven't well the link is in the description and while you're down there why don't you smash that like button if you enjoying this video so far And subscribe to the channel and ping that notification Bell so you don't miss the next one now considering that aptose launched shortly before we last covered it essentially everything it has achieved so far has happened between then and now what's fascinating is that os's adoption has only started really increasing over the past few months but we'll get back to that in a bit anyhow in November 2022 Aptos partnered with Google cloud and this partnership is significant when you consider that apto partnered with live Pier the next month for context live Pier provides decentralized video streaming Google owns YouTube and again eptos was originally part of Facebook probably nothing H now fast forward to February 2023 and this is when Aptos partnered with chingari a social media app with millions of users that's gaining popularity in India since that time chingari has become one of atos's most popular apps boasting almost 2. 5 million monthly active users according to DB radar a few months later Aptos Labs announced that the Petra wallet had launched mobile apps on Android and iOS for reference Petra is the most popular aptose wallet with 500,000 browser extension downloads the mobile app has over 100,000 users on Android alone we'll come back to Petra in a second in August 2023 Aptos partnered with Microsoft to combine Ai blockchain and trafy a mo revealed in an interview that Microsoft had approached eptos now for those unfamiliar usually crypto projects are the ones making the approaches to these kinds of Partnerships it's safe to say that epos's history helps in this regard and this is where Petra comes back into the picture in September 2023 Petra integrated coinbase pay and this is one of the many Integrations Petra has done with crypto Fiat on on off ramps another notable one being a moonay in November 2022 as you'll see Aptos has been positioned in Petra to be its payments Hub but before we get to that fomo we need to get through some fud and that's the aforementioned aptose outage this occurred in October 2023 and lasted for 5 hours a postmortem report revealed that the issue was not related to transaction volume but an error in how gas fees were coded on that note it's important to mention that eptos is arguably a brand new blockchain despite being technically in development since 2017 at Facebook besides the fact that it only launched in 2020 it uses a new programming language called move wherein a vulnerability was discovered in May 2023 and more about that at the end of the video now for some fomo in November 2023 a South Korean Telecom company partnered with eptos to launch a web 3 wallet FYI Mo has mentioned in many interviews that aptose wants to get more involved in deepen and is explicitly looking to create an environment where the quote next helium can emerge uh helium is one of the top deepen projects for anyone wondering by the way feel free to check out our video about it right over here speaking of wallets another thing Aptos did in November 2023 was launch identity connect a protocol that makes it possible to log into crypto deps by scanning QR codes using mobile wallets like Petra in July this year eptos launched keyless wallets making it easy to log into web 3 via Google using ZK proofs back in February this year Ono Finance integrated with Aptos bringing its yield bearing usdy stable coin to epos's move-based blockchain in July unfortunately usdy hasn't gained that much traction with Ono Finance only contributing around 15 Million worth of total value locked to os's total value locked of over a billion doar fortunately Aptos continued to make progress on the deepen front it ined new Partnerships with Microsoft that South Korean telecoms company and a hedge fund brevan Howard to launch Aptos Ascend an Institutional defi platform in April this year naturally it comes with all sorts of uh compliance controls in May the announcements were even more bullish first Aptos announced that it had achieved subse transaction finality then Aptos hit an all-time high in user transactions of 115 million in a single day apparently a record in crypto and finally eptos integrated chain links ccip and data feeds more about what chain link has been up to in the description I digress now in June Aptos partnered with media company NBC Universal to introduce web 3 Fan experiences and web 3 gaming to its ecosystem you'll recall that OS seems to be leaning into decentralized streaming with live pier and mo himself has mentioned in a few interviews that aptose is interested in the medi related use cases case in point Aptos partnered with streaming platform called MCO in August probably nothing indeed July is where things get interesting if you watched our most recent arve update you'll know that Aptos tabled a proposal to launch arve on its move-based blockchain and if you watched my recent interview with Mo you'll know this still seems to be in progress which is odd given that the proposal passed four months ago hold that thought we'll come back to it shortly in August tether expanded its usdt stable coin to eptos what's fascinating is that eptos didn't have any native stable coins until this usdt expansion it was only recently announced that native usdc would be launching on its blockchain like literally a couple of weeks ago in November this is fascinating because you'd think that stable coin issuers would be rushing to integrate with Aptos if we're not mistaken this is just because aptose technically didn't have funable token standards until August this year and this underscores the fact that epose is new and still in development don't forget that now in September aptose hold its aptose EXP experience conference in South Korea and this is where the interesting stuff around a comes back into the picture there were many big announcements made at the conference but the most significant of these was os's pivot to focusing on crypto payments in short eptos is launching the Aptos card a metal debit card that's analogous to crypto.
com famous metal debit cards the difference is that abto card functions as a de facto hard Ware wallet and it's paired with the Petra Mobile Wallet via tap as you might have guessed the aptose card will use usdt and a what you might not have guessed though is that Petra will also be launching an earn feature alongside its pay feature which can be used independently of the aptose card logically the earn feature will plug into a dii protocol on Aptos on the back end where usdt and other cryptos will be lent out to earn a yield new slash but Ave is a defi lending and borrowing protocol the fact that it's the best known and the most reputable theoretically makes it the ideal backend for Aptos de facto savings account in practice however Aptos could use a defi protocol that's native to its chain instead we'll have to wait and see now in October and November the adoption of aptose suddenly accelerated First Franklin Templeton launched a tokenized money market fund on Aptos then Black Rock launched its tokenized Biddle fund there too and finally bitwise launched a staked Aptos ETP in Europe foreshadowing more etps and maybe ETFs meanwhile the total value locked in Aptos D5 protocols surged above $1 billion for the first time and this is not surprising given the broader crypto Market rally and all the eptos updates we just mentioned what is surprising is that a lot of this tvl increase has come from usd's growth on Aptos for shadowing in further usdt growth as a cherry on top a stripe one of the world's largest payment processes recently announced that it would be expand in usdc payments to Aptos and this brings me to the moment you've all been waiting for and that's A's price action and potential as you can see A's long long-term price action doesn't look that impressive in fact it's trading around the same price it was when we last covered the project and this begs the question of why AP has underperformed so badly the answer can be seen when we look at a through the lens of market cap even though ap's price has effectively stayed static its market cap has continued to grow so what does this mean well it means that APS supply has been growing exponentially something that can be confirmed by historical data archives from coin market cap reveal that A's supply has increased by almost five times since it launched that's over 400 million a to be exact and if we assume an average price of about $10 per a during that time this means that AP experienced up to $4 billion of cell pressure up to 165 million per day it goes without saying that this selling has probably suppressed A's price action and the worst part is that practically all this cell pressure is coming from insiders almost all of whom are staking their locked AP since 88% of total Supply is State chances are they've been steadily selling their stake in rewards at the same time the demand side of ap's equation has been almost non-existent until recently and analytics from the Aptos scan Explorer reveal that all kinds of metrics like new wallets created only started rising in the last couple of months specifically around September before that well almost nothing the Silver Lining is that demand for AP is in fact rising and it's rising fast in case it wasn't clear enough Aptos seems to be position in itself was stable coin payments using tether's usdt and in case you haven't noticed entities affiliated with tether will play a central role in Trump's upcoming Administration this is a reference to Howard lutnick the CEO of caner Fitzgerald the US broker which handles the reserves back in usdt Howard has been working closely with the Trump Administration and even came up with the Doge acronym for the Department of government efficiency led by Elon Musk more about that rabbit hole the description moving on now given these connections it stands to reason that any upcoming regulations about stable coins and crypto payments will be favorable to usdt in turn this sets the stage for Aptos to capture lots of market share in the US by offering usdt payments and savings via its Petra wallet and other daps and apps combine Aptos is connections to Big players like Google Microsoft and meta and it's easy to see how AP could melt faces this crypto bull market in our view eptos is following salana one cycle behind now just like sui to put things into perspective soul hit a market cap of around 80 billion in 2021 this means that a could hit a market cap of around $80 billion in 2025 which would translate to a gain of around 10 times from here if you factor in all the vesting the caveat though is that all this vesting could be much worse because staking rewards on locked a can be sold and this could bring the ap's gains closer to around seven or eight times on the flip side though the fact that eptos has strategically positioned itself for crypto payments and savings with the largest stable coin and has been Penning Partnerships with the who's who of trafi suggests a could go much higher than 10 times let's just say it's too early to start speculating on that possibility but it's not too early to take advantage of the trading fee discounts of up to 70% and the sign up bonuses of up to $100,000 on the coin Bureau deals page you see these deals will help you maximize your crypto gains in what's likely to be the biggest crypto bull market to date so be sure to take advantage of them before it's too late by using the link in the description anyhow whether a can pull a 10x or more depends on epos's upcoming Milestones although aptose does not have an an official road map and many official Milestones were revealed at that aptose experience event in September we already discussed a few of these Petra pay Petra earn and the aptose card other official Milestones were revealed in two presentations the first of these was about transactions on aptose and it revealed that aptose will soon be undergoing a two-part upgrade called Raptor which will take its official blockchain to the theoretical limits of crypto speed in 2025 1 million TPS with low latency the second presentation was about what aptose had been doing with the move programming language obviously eptos will be introducing move 2.
