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Aptos

39 pieces · Dec 2022 to Oct 2025 · 7 flagship

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L1/L236 RWA5 DeFi5 AI4 Ethereum3 Stablecoins3

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Start here · the strongest pieces on Aptos

Thesis11 Oct 2024Aptos thesis: Move, parallel execution, RWAs, enterprise and AISix-pillar thesis: the Move language, high-performance parallel execution, RWA tokenization, enterprise adoption, AI/ML use cases and ecosystem growth. Backed by throughput and user numbers.Breakdown10 Oct 2024The AI bull case for PETs: Nillion deep diveDeep dive on why AI needs data confidentiality and how Nillion's MPC differs from traditional schemes, with non-linear computation, input-independent pre-processing, non-interactive operation and information-theoretic security. Uses the Ritual partnership as a case study.Breakdown15 Apr 2023Sui deep dive: object model, FastPay, storage fund and tokenomicsGiga research thread on Sui covering Sui Move, object-centric consensus with Narwhal and Bullshark, FastPay parallel execution, the storage fund, gas pricing, tokenomics and governance.

Timeline · every piece, newest first

2025 3

24 Oct 2025RWA chain rankings ex-stablecoins: Aptos third, ZKsync secondExcluding stablecoins, Aptos is the third biggest RWA chain on BUIDL and tokenized private credit, Arbitrum is fifth on tokenized private equity, and ZKsync is second at nearly $2.4B, mostly private credit.DataRWAL1/L218 likes

06 Jul 2025CLOB wars: why onchain orderbooks are replacing AMMs and who builds themAMMs were a forced tradeoff until real-time chains, scalable DA, ZK proving and fast oracles made orderbooks viable. Maps CLOB appchains (Hyperliquid, Bullet, Lighter, Paradex, Hibachi) and onchain CLOBs (GTE, Nitro, Monaco, Fuel, Aptos).MapPerpsDeFiHyperliquid24 likes

21 May 2025Giga Sei: Scaling the EVM to Web2-Level PerformanceLong-form breakdown of Giga Sei's whitepaper: Autobahn multi-proposer consensus, decoupled asynchronous execution, a rebuilt Sei EVM with optimistic concurrency control, flat key-value storage, and the use cases a real-time EVM enables.ArticleL1/L2Ethereum26 likes

2024 29

22 Nov 2024Aptos stablecoin traction: USDC, CCTP and Stripe supportFrames native USDC, CCTP and Stripe crypto support on Aptos as a catalyst, since stablecoin liquidity fuels onchain economies. Stablecoin supply on Aptos is up 25x this year.DataStablecoinsL1/L266 likes

18 Nov 2024BlackRock BUIDL on Aptos and the tokenized treasury marketBUIDL (>$540M market cap, >$514M on Ethereum) is landing on Aptos. Tokenized treasuries total $2.37B onchain with >$1.6B on Ethereum; argues Aptos is positioned to take share thanks to MoveVM parallel execution and Move's safety features.Market takeRWAL1/L281 likes

13 Nov 2024Bitwise Aptos staking ETP: what it is and how it differs from an ETFExplains ETPs versus ETFs through Bitwise's physically backed Aptos staking ETP (APTB), listing on SIX on 19 Nov with about 4.7% net staking yield. Sees it as a step toward institutional APT demand, though ETFs carry stricter regulation.ExplainerMarket structureL1/L213 likes

01 Nov 2024Native USDT on Aptos and the stablecoin payments caseArgues native USDT on Aptos primes the chain as a base layer for stablecoin payments, citing a payments market above $121B and 100x growth in onchain stablecoin supply since 2019. Aptos stablecoin supply is $237M and TVL $1.3B.Market takeStablecoinsL1/L228 likes

25 Oct 2024Most transactions in 24h by chain: Aptos 326M vs Sui 67M, Solana 56MRanks chains by transactions processed in 24 hours, with Aptos far ahead of Sui and Solana. Cites it as evidence that MoveVM is leading on throughput two years after Aptos mainnet.DataL1/L2260 likes

24 Oct 2024AltVM season: Fuel and Eclipse live, Movement, Fluent and Aztec nextMaps the altVM wave on Ethereum: Fuel (FuelVM) and Eclipse (SVM) live, with Movement (Move), Fluent (EVM, Wasm, SVM) and Aztec soon. Notes altVM momentum outside Ethereum from Aptos, Sui, Solana, Initia and TON.Market takeL1/L257 likes

14 Oct 2024Aptos outperformance: APT +63% MoM vs ETH +6% and SOL +12%Points to APT's month-over-month outperformance over ETH and SOL as evidence that the Move narrative is just starting.DataL1/L220 likes

11 Oct 2024Aptos thesis: Move, parallel execution, RWAs, enterprise and AISix-pillar thesis: the Move language, high-performance parallel execution, RWA tokenization, enterprise adoption, AI/ML use cases and ecosystem growth. Backed by throughput and user numbers.ThesisL1/L2RWAAI93 likes

10 Oct 2024The AI bull case for PETs: Nillion deep diveDeep dive on why AI needs data confidentiality and how Nillion's MPC differs from traditional schemes, with non-linear computation, input-independent pre-processing, non-interactive operation and information-theoretic security. Uses the Ritual partnership as a case study.BreakdownAIPrivacy68 likes

04 Oct 2024Aptos acquires Hashpalette to enter JapanSummarizes Aptos Labs' agreed acquisition of Hashpalette, moving the Palette ecosystem to Aptos and giving access to Japanese enterprises like KDDI and the Expo 2025 Osaka wallet. Positions it as a gateway to Japan and Asia.Market takeL1/L235 likes

04 Oct 2024Aptos and Franklin Templeton's onchain money market fund FOBXXFranklin Templeton expanded its OnChain U.S. Govt Money Fund (FOBXX, $440M across chains) to Aptos as the chain's TVL passed $1B. Argues Move's security and performance suit tokenized assets, citing $16.1T projected tokenization by 2030.BreakdownRWAL1/L2DeFi17 likes

26 Sep 2024Why Move matters: the case for Aptos and Move-based executionExplains Move's origin in Meta's Diem project and why Aptos Move leads, listing parallel execution (BlockSTM), formal verification, gas efficiency, fast finality and bytecode safety. Notes Aptos Move is the base for Movement, Initia, Rooch and Nexio.ExplainerL1/L217 likes

23 Sep 2024io.net thesis: decentralized GPU aggregation for AI computeThread arguing io.net will be the foundational GPU layer for AI by aggregating idle GPUs from other networks and data centers using Ray-based geo-distributed clustering. Covers AI agent demand, partnerships and recent adoption.ThesisDePINAI62 likes

11 Sep 2024The case for AI on Aptos: Move, io.net and NillionArgues Aptos is a leading base layer for AI agents thanks to Move's security, parallel execution and low fees, plus partnerships with io.net for GPUs and Nillion for blind compute.ThesisAIL1/L2Privacy18 likes

06 Sep 2024Move ecosystem map: Aptos, Sui and the next wave of Move L2sMaps Move-based execution layers: Aptos and Sui as dominant chains, upcoming L2s and rollup stacks supporting Move. Expects Move to become a major narrative in a full bull cycle; a correction puts TVL at $744M for Sui and $656M for Aptos.MapL1/L225 likes

30 Aug 2024Merkle Trade: Aptos' largest perp DEX and its LBAProfiles Merkle Trade as Aptos' largest perp DEX at $13B total volume, with up to 1,000x leverage and 1.3s average execution, and argues Move's type safety is a security edge. The LBA runs until Sept 5 before a Liquidswap listing.BreakdownPerpsL1/L211 likes

20 Aug 2024Native USDT on Aptos: stablecoin launches as ecosystem catalystsArgues native USDT on Aptos could repeat past patterns: Fantom stablecoin supply rose 5x after USDT launched and Avalanche more than doubled. Aptos stablecoin supply and TVL are already up over 3x YTD, with USDC at about 60% share.ThesisStablecoinsL1/L224 likes

21 Jul 2024L1 vs L2 TVL takeaways: Base and Blast lead, Scroll overtakes Aptos and SuiAggregated TVL chart (excluding Solana >$5B and Arbitrum >$3B) shows Base ($1.8B, +12% MoM) and Blast (-33% MoM post-airdrop) in their own league. TON levels with Optimism at $780M and Scroll ($670M) passes Aptos, Sui and Mantle.DataL1/L213 likes

20 Jul 2024TVL wars charts: alt L1s vs L2s, and Solana vs OP, Arbitrum, BaseTwo TVL charts framing alt L1s against L2s: Aptos, Sui and Sei vs Scroll and Mantle, and Solana vs Arbitrum, Optimism and Base. The post itself gives no takeaways.DataL1/L224 likes

15 Jul 2024Aptos Connect: keyless social-login wallet for onboardingExplains Aptos Connect, a web-hosted self-custodial wallet with social login and keyless accounts that needs no extension and keeps the social link private. Argues it plus parallel MoveVM positions Aptos for retail onboarding.ExplainerL1/L2Tooling49 likes

13 Jun 2024Aptos on-chain activity: 325M transactions in 4 days and 5,900 peak TPSHighlights Aptos as a top-tier parallel MoveVM L1 with language-level security, citing record on-chain activity as evidence of product market fit. Points to a prior thread with the throughput data.DataL1/L218 likes

08 Jun 2024Execution layer innovation map: alt-VMs, parallel EVMs and zkEVMsLists the wave of new execution environments this cycle: blended EVM/SVM/Wasm, MoveVM chains, SVM L2s, zkEVMs, parallel EVM L1s and Linux-based VMs. Argues it broadens the app design space and lets millions of developers build in more performant or familiar languages.MapL1/L273 likes

04 Jun 2024Aptos parallel execution: 325M transactions in the Tapos cat clicker surgeExplains how Aptos handled a clicker game surge using Aggregators, a Move feature that lets conflicting writes run in parallel. Adds activity and DeFi metrics to argue Aptos is more than a Solana comparison.DataL1/L245 likes

30 May 2024Aptos on-chain metrics: $60M daily DEX volume, $600M TVL and RWA momentumSnapshot of Aptos DeFi growth: $60M daily DEX volume, TVL near $600M and stablecoin mcap up 16% in a week, with Ondo's USDY adding over $10M. Calls it the start of RWA season on Aptos.DataL1/L2RWA11 likes

28 May 2024Aptos deep dive: Block-STM parallel execution, Move security and ecosystem dataData-driven thread on Aptos covering AptosBFT consensus, Block-STM parallel execution, key rotation and transaction pre-execution, then ecosystem TVL, DEX volume and developer stats. Argues Move chains are the next execution layer wave and Aptos leads Sui on dev adoption.BreakdownL1/L251 likes

17 May 2024Movement M2 ecosystem: MoveVM/EVM composability and Universal Token StandardOverview of Movement M2, a MoveVM rollup on Ethereum with Celestia DA, covering EVM and Move composability, IBC support unifying Cosmos, EVM and Move liquidity, and the Universal Token Standard that unifies EVM and MoveVM tokens without bridges.BreakdownL1/L2DeFi43 likes

04 Apr 2024Movement Labs deep dive: M1 sequencer, M2 Move rollup and FractalExplains Movement's architecture: M1 shared sequencer on Snowman consensus, M2 Move ZK rollup on Ethereum with Celestia DA, Block-STM parallel execution and a staged finality model. Claims 145k+ TPS and Move-EVM composability with native IBC.BreakdownL1/L2Ethereum52 likes

29 Mar 2024Echelon on Movement M2: Move money market with EVM and Cosmos liquidityDescribes Movement's M2 as a modular ZK Move-EVM L2 on Celestia and Echelon, an Aptos money market with efficiency mode for high-LTV correlated pairs, launching on M2 unchanged to reach EVM and IBC liquidity.BreakdownDeFiL1/L220 likes

22 Mar 2024Movement Labs and Thala: Move-based modular L2s for EVM liquidityExplains Move's origin at Meta's Diem and Movement's stack: M1 as an Avalanche subnet shared sequencer and M2 as a Celestia-based Move/EVM L2. Thala, with over $200M TVL, is deploying on M2 for EVM user access.BreakdownL1/L2DeFi23 likes

2023 6

28 Jun 2023Anticipated L1s for the next cycle: Manta, Aleo, Sei and Aptos reading listShort thesis that most tokens from the last cycle's ATHs will not repeat, followed by an index of his deep dives on four highly anticipated L1s.MapL1/L25 likes

20 Apr 2023Move ecosystem bucks the falling developer activity trendNotes that developer activity trended down across the board in recent months, with the Move ecosystem (Aptos and Sui, both parallel-execution L1s) going against the trend, per Artemis data.DataL1/L2Tooling8 likes

20 Apr 2023Sequential EVM execution bottleneck and parallel VM alternativesArgues sequential execution bottlenecks the EVM and lists parallel-execution alternatives: Solana Sealevel, Fantom VM, Fuel VM and Move VM, linking deep dives on Fuel, Fantom, Aptos and Sui.ThesisL1/L2Solana8 likes

15 Apr 2023Sui deep dive: object model, FastPay, storage fund and tokenomicsGiga research thread on Sui covering Sui Move, object-centric consensus with Narwhal and Bullshark, FastPay parallel execution, the storage fund, gas pricing, tokenomics and governance.BreakdownL1/L256 likes

15 Apr 2023Move-based chains as a 2023 narrative: Aptos and parallel executionFrames Move-based networks like Aptos as a possible 2023 narrative on funding, team and a MoveVM with partially asynchronous consensus enabling parallel execution, which addresses a core EVM scaling bottleneck.ThesisL1/L22 likes

14 Apr 2023Aptos deep dive: Move, AptosBFT, Narwhal and Block-STM parallel executionGiga research thread on Aptos covering the Move language, AptosBFT, Narwhal and Tusk mempool consensus, Block-STM parallel execution, security, tokenomics, governance, team and ecosystem.BreakdownL1/L230 likes

2022 1

11 Dec 2022Fuel primer: UTXO-based parallel execution and the FuelVMPrimer on Fuel as a modular execution layer with a UTXO model and strict access lists enabling parallel execution, plus the Sway language, testnet status, team background and funding. Compares to Solana, Sui and Aptos parallelism.BreakdownL1/L2Ethereum65 likes

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Sui24 Movement Labs24 Sei34 Celestia145 Solana60 Move7 Fuel26 Franklin Templeton6

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