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BTC $67,724.39 -1.97%
ETH $2,033.53 -1.93%
BNB $624.70 -1.24%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $482.74 -6.40%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

staking

Aptos updates token economic model: supply capped at 2.1 billion, Gas fees increased by 10 times, and buyback plan initiated

Aptos announced an update to the APT token economic model, shifting to a performance-driven token supply mechanism that links APT supply to the actual usage of the network. Specifically, this update includes the following seven items:Reduce staking reward rate and incentivize long-term stakers. The Aptos Foundation has proposed to lower the annual staking reward rate from 5.19% to 2.6%. Additionally, the Aptos Foundation is exploring a governance proposal to change the staking framework to better align incentives with long-term network participation.Increase Gas fees by 10 times. Aptos is currently one of the lowest-cost blockchains, and given the current transaction fees are so low, the Aptos Foundation will propose to increase Gas fees to 10 times the current amount through governance proposals. After the increase, the transfer fees for stablecoins on the network will still be as low as approximately $0.00014.Transaction utilization and fees. A new deflationary mechanism will be introduced through the decentralized exchange protocol Decibel on the Aptos chain, where high-frequency trading activities will significantly consume and destroy APT. Currently, all forms of transactions paid in APT on the network, or "gas fees," will be permanently destroyed. Decibel, incubated in collaboration with Aptos Labs and the Decibel Foundation, represents one of the first fully decentralized exchanges where all trading activities are executed on-chain: every order, match, and cancellation is executed on-chain. With 100% on-chain execution, the launch of Decibel's mainnet will greatly enhance the transaction throughput of the Aptos blockchain.Hard supply cap fixed at 2.1 billion APT. Once approved by the community, no new tokens will be minted beyond this cap.Foundation permanently locks 210 million APT. The Aptos Foundation will ensure that 210 million APT are locked and permanently staked in the network. These tokens will never be sold or distributed and will be permanently locked.Performance-linked grant issuance. In the future, the Aptos Foundation will primarily focus on providing future grants and rewards that will only be redeemed upon achieving key milestones related to Aptos's role as a "global transaction engine."Launch a programmatic buyback plan. The Aptos Foundation has committed to exploring a protocol buyback plan or reserve that will programmatically buy back APT on the open market based on market opportunities.

Analyst: Ethereum is caught in a "dilemma between two narratives," as staking transforms Ethereum ETFs into income-generating products

According to Forbes, over the past few weeks, the price of Ethereum has continued to fluctuate narrowly around $2,000. Several market observers have pointed out that this reflects Ethereum being caught in a "narrative gap."Analyst Callan Sarre stated, "For the past few years, the story of Ethereum has been simple—L2 carries the scale, while the base layer remains lean and secure. Now, L2 has processed billions of dollars in weekly trading volume, with fees dropping over 90%, but the question is where long-term value accumulates." The market is pushing zero-knowledge technology and privacy features closer to the base layer, "for traders clinging to old models, it feels like the ground is shifting beneath their feet."Sarre emphasized the contradiction between transparency and institutional demand: "Today, every Ethereum transaction is completely public and transparent, which doesn't work for CFOs managing corporate treasuries or funds deploying nine-figure positions. If Ethereum is to attract trillions in institutional capital, privacy must be built into the protocol layer."Grayscale began distributing staking rewards to U.S. Ethereum ETF holders in January, and BlackRock has also applied for its staking ETH fund. PrimeXBT senior market analyst Jonatan Randin stated, "This changes the nature of Ethereum ETFs—not just price exposure, but income-generating products." He emphasized that the growth of the options market is reshaping the asset's volatility characteristics, "the options market around spot ETFs introduces dynamics like covered calls and dealer hedging that didn't exist two years ago."
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