Aptos (APT) Q2'24 啟動覆蓋範圍

Aptos (APT) 是一個圍繞可擴展性、安全性、可靠性和可升級性的核心原則設計的 Layer-1 區塊鏈。

Aptos (APT) Key Metrics Q2 2024

Aptos (APT) 2024 年第 2 季關鍵指標

Financial Analysis

財務分析

After peaking in Q1’24 the circulating market caps of BTC and ETH declined by approximately 12% and 6% in Q2’24. APT followed the same trend, albeit more steeply. Its circulating market cap decreased by 53% QoQ to $3.2 billion, while its market cap rank dropped five spots from 22 to 27. APT’s price dropped 58.6%, as token unlocks continued in Q2, detailed further below.

在 24 年第一季達到高峰後，BTC 和 ETH 的流通市值在 24 年第二季分別下降了約 12% 和 6%。 APT 也遵循同樣的趨勢，儘管幅度更大。其流通市值環比下降53% 至32 億美元，而其市值排名下降了5 位，從第22 位降至第27 位。如下。

Aptos’ revenue, i.e., all fees collected by the protocol, fell by 17% to $393,400 but increased by 5% when denominated in APT. Q2’s figure was driven by a spike on June 8 possibly due to transactions attempting arbitage on lending via Aptis Finance. Currently, Aptos burns all revenue generated. At the moment, these burned tokens have not significantly reduced inflation.

Aptos 的收入，即協議收取的所有費用，下降了 17% 至 393,400 美元，但以 APT 計價時增加了 5%。第二季的數據是由 6 月 8 日的峰值推動的，這可能是由於試圖透過 Aptis Finance 進行貸款套利的交易造成的。目前，Aptos 燒掉了所有產生的收入。目前，這些銷毀的代幣並沒有顯著降低通貨膨脹。

Aptos staking rewards are inflationary and began at a 7% annualized rate in 2022 and will decrease by 1.5% each year until reaching 3.5%. This yearly change occurred in mid-October, reducing the staking reward rate to just under 6.9%. Note that this rate is based on the initial total supply of 1 billion APT. The APT circulating supply experienced other inflationary pressure coming from genesis supply unlocks. The genesis supply includes the 1 billion APT initially allocated but not staking rewards. By the end of Q2, over 35% of the genesis supply has unlocked— a 15% QoQ increase.

Aptos 質押獎勵具有通貨膨脹性，從 2022 年開始年化率為 7%，每年減少 1.5%，直到達到 3.5%。這項年度變化發生在 10 月中旬，將質押獎勵率降低至略低於 6.9%。請注意，該比率是基於 10 億 APT 的初始總供應量。 APT 循環供應經歷了來自創世供應解鎖的其他通膨壓力。創世供應量包括最初分配的 10 億個 APT，但不包括質押獎勵。到第二季末，超過 35% 的創世供應量已解鎖，季增 15%。

Another 3.4% of APT’s genesis supply is set to unlock in Q3’24:

另外 3.4% 的 APT 創世供應量將於 24 年第三季解鎖：

At the end of Q2, 79% of supply eligible to be staked was staked, a less than 1% QoQ decrease. Note that locked tokens can still be staked and earn liquid staking rewards. In this case, the supply eligible to be staked is APT’s total supply rather than its circulating supply.

截至第二季末，有 79% 的符合質押資格的供應量已被質押，季減不到 1%。請注意，鎖定的代幣仍然可以被質押並獲得流動質押獎勵。在這種情況下，符合質押資格的供應量是APT的總供應量，而不是其流通供應量。

Network Analysis

網路分析

Usage

用法

Network activity, measured by transactions and active addresses, increased in Q1. Average daily transactions and addresses increased QoQ by 474% to 4.4 million and 16% to 135,000, respectively.

透過交易和活躍地址衡量的網路活動在第一季有所增加。日均交易量和地址量較上月增加 474% 至 440 萬筆和 16% 至 135,000 筆。

In Q2, Aptos saw the highest daily transaction count in the history of Layer-1 blockchains. Transactions peaked May 23-26 (peaking at 156 million on May 25) following the launch of Tapos, an onchain game developer whose first game allows users to tickle a digital cat, with each tickle resulting in one transaction. In late June, Tapos announced plans for a second game which launched in mid-August and led to Aptos topping its previous daily transaction record.

在第二季度，Aptos 創下了 Layer-1 區塊鏈史上最高的每日交易量。鏈上遊戲開發商Tapos 推出後，交易量在5 月23 日至26 日達到頂峰（5 月25 日達到高峰1.56 億筆）。一隻數字貓，每次搔癢都會產生一筆交易。 6 月下旬，Tapos 宣布了第二款遊戲的計劃，該遊戲將於 8 月中旬推出，並導致 Aptos 打破了先前的每日交易記錄。

Tapos overtook social media platform Chingari to lead Aptos smart contracts activity, averaging 3.6 million daily transactions in Q2. Meanwhile, Chingari fell to the second spot, averaging 180,000 daily transactions in Q2, roughly the same as what it averaged in Q1. Overall, despite increased transaction activity, the average transaction fee decreased by 86% QoQ to 0.007 APT ($0.001) as the costs of Tapos transactions are low.

Tapos 超越社群媒體平台 Chingari，引領 Aptos 智慧合約活動，第二季平均每日交易量為 360 萬筆。與此同時，Chingari 跌至第二位，第二季每日平均交易量為 18 萬筆，與第一季的平均水平大致相同。總體而言，儘管交易活動有所增加，但由於 Tapos 交易成本較低，平均交易費用環比下降了 86% 至 0.007 APT（0.001 美元）。

Average daily new addresses also increased by 43% QoQ to 63,000. Likewise, the weighted average one month retention rate increased by 9% QoQ to 14%.

日均新地址數量也較上季增加 43%，達到 63,000 個。同樣，加權平均一個月保留率季增 9%，達到 14%。

Security and Decentralization

安全與去中心化

Aptos staked grew slightly (1%) to 869 million, but fell by 58% QoQ when denominated in USD to just over $6.1 billion. Regardless of the decline in USD terms, Aptos further secured its place as a top network by staked market cap. As noted above, locked tokens can be staked and earn liquid rewards. Along with Aptos not having a slashing mechanism, staking for the ~64% of APT’s illiquid genesis supply becomes a very attractive option.

Aptos 的質押略有增加 (1%) 至 8.69 億，但以美元計價時較上季下降 58%，至略高於 61 億美元。儘管美元價格下跌，Aptos 透過質押市值進一步鞏固了其作為頂級網路的地位。如上所述，鎖定的代幣可以被質押並獲得流動獎勵。由於 Aptos 沒有削減機制，因此對 APT 約 64% 的非流動性創世供應量進行質押成為一個非常有吸引力的選擇。

Aptos active validators continued to grow, up 6% QoQ to 140. Around 24% of the validators accept in-protocol delegated stake, a feature that launched near the end of April 2023. AIP-50, implemented in the 1.9.0 update, enables delegation pool owners to change their commission rate after creating the pool.

Aptos 活躍驗證者持續成長，季增 6%，達到 140 家。池所有者能夠在創建池後更改其佣金率。

The majority of stake for the other validators comes from out-of-protocol delegation from the Aptos Foundation and private investors’ locked tokens. The Aptos Foundation holds a majority of the total supply between its own allocation and the tokens on behalf of the Ecosystem allocation. As such, it can help distribute stake rather equally among validators. As a result

其他驗證者的大部分股權來自 Aptos 基金會的協議外委託和私人投資者的鎖定代幣。 Aptos 基金會持有其自身分配和代表生態系統分配的代幣之間的大部分總供應量。因此，它可以幫助在驗證者之間相當平等地分配權益。因此