Aptos (APT) Q2'24 启动覆盖范围

Aptos (APT) 是一个围绕可扩展性、安全性、可靠性和可升级性的核心原则设计的 Layer-1 区块链。

Aptos (APT) Key Metrics Q2 2024

Aptos (APT) 2024 年第 2 季度关键指标

Financial Analysis

财务分析

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 年第一季度达到峰值后，BTC 和 ETH 的流通市值在 24 年第二季度分别下降了约 12% 和 6%。 APT 也遵循同样的趋势，尽管幅度更大。其流通市值环比下降 53% 至 32 亿美元，而其市值排名下降了 5 位，从第 22 位降至第 27 位。随着第二季度代币继续解锁，APT 的价格下跌了 58.6%，详情如下。

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，即协议收取的所有费用，下降了 17% 至 393,400 美元，但以 APT 计价时增加了 5%。第二季度的数据是由 6 月 8 日的峰值推动的，这可能是由于试图通过 Aptis Finance 进行贷款套利的交易所致。目前，Aptos 烧掉了所有产生的收入。目前，这些销毁的代币并没有显着降低通货膨胀。

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 质押奖励具有通胀性，从 2022 年开始年化率为 7%，每年减少 1.5%，直至达到 3.5%。这一年度变化发生在 10 月中旬，将质押奖励率降低至略低于 6.9%。请注意，该比率基于 10 亿 APT 的初始总供应量。 APT 循环供应经历了来自创世供应解锁的其他通胀压力。创世供应量包括最初分配的 10 亿个 APT，但不包括质押奖励。到第二季度末，超过 35% 的创世供应量已解锁，环比增长 15%。

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

另外 3.4% 的 APT 创世供应量将于 24 年第三季度解锁：

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.

截至第二季度末，有 79% 的符合质押资格的供应量已被质押，环比下降不到 1%。请注意，锁定的代币仍然可以被质押并获得流动质押奖励。在这种情况下，符合质押资格的供应量是APT的总供应量，而不是其流通供应量。

Network Analysis

网络分析

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.

通过交易和活跃地址衡量的网络活动在第一季度有所增加。日均交易量和地址量环比分别增长 474% 至 440 万笔和 16% 至 135,000 笔。

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 创下了 Layer-1 区块链历史上最高的日交易量。链上游戏开发商 Tapos 推出后，交易量在 5 月 23 日至 26 日达到顶峰（5 月 25 日达到峰值 1.56 亿笔）。Tapos 是一家链上游戏开发商，其首款游戏允许用户挠痒一只数字猫，每次挠痒痒都会产生一笔交易。 6 月下旬，Tapos 宣布了第二款游戏的计划，该游戏将于 8 月中旬推出，并导致 Aptos 打破了之前的每日交易记录。

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 超越社交媒体平台 Chingari，引领 Aptos 智能合约活动，第二季度平均每日交易量为 360 万笔。与此同时，Chingari 跌至第二位，第二季度日均交易量为 18 万笔，与第一季度的平均水平大致相同。总体而言，尽管交易活动有所增加，但由于 Tapos 交易成本较低，平均交易费用环比下降了 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%.

日均新地址数量也环比增长 43%，达到 63,000 个。同样，加权平均一个月保留率环比增长 9%，达到 14%。

Security and Decentralization

安全与去中心化

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 的质押略有增长 (1%) 至 8.69 亿，但以美元计价时环比下降 58%，至略高于 61 亿美元。尽管美元价格下跌，Aptos 通过质押市值进一步巩固了其作为顶级网络的地位。如上所述，锁定的代币可以被质押并获得流动奖励。由于 Aptos 没有削减机制，因此对 APT 约 64% 的非流动性创世供应量进行质押成为一个非常有吸引力的选择。

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 活跃验证者继续增长，环比增长 6%，达到 140 个。大约 24% 的验证者接受协议内委托权益，该功能于 2023 年 4 月底推出。AIP-50 在 1.9.0 更新中实施，使委托池所有者能够在创建池后更改其佣金率。

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

其他验证者的大部分股权​​来自 Aptos 基金会的协议外委托和私人投资者的锁定代币。 Aptos 基金会持有其自身分配和代表生态系统分配的代币之间的大部分总供应量。因此，它可以帮助在验证者之间相当平等地分配权益。因此