Other community members attacked Aptos for failing to release token economics – describing the distribution of tokens, how they will work and when they will be released into circulation – by the launch date, which is considered poor form. It’s a bit like asking someone to enter into a contract without listing all the terms first.
Despite these issues, Aptos CEO Mo Shaikh dismissed most of the criticism of the launch. “[The] For a brand new network, the mainnet launch was better than expected. The network peaked at nearly 3 million transactions and over 100 TPS in just two days,” he said. This TPS figure is higher than the performance of some rival networks, but lower than Solana’s current hovering around 4,500 TPS performance.
Shaikh said the priority now is to ensure that developers are provided with everything they need to start building applications on top of Aptos. Only then, he claims, will we be able to “see the impressive number of transactions that the Aptos blockchain is built for.”
Aptos is backed by heavyweight venture capital firms such as Andreesen Horowitz, FTX Ventures, Coinbase Ventures, and Binance Labs. Although the details of the latest funding round were not made public, a Bloomberg report pegged it at $4 billion.
According to the token economics that Aptos eventually released, these VC backers will all receive a corresponding amount of tokens.Developers and private investors will receive 32.48% of the total transaction volume, increasing question On whether this will distort the economics of the network. This protection does not apply to staking rewards (equivalent to interest payments), although VCs and developers cannot offload any tokens for at least a year and the full distribution will not be available until 2026. In theory, backers of Aptos could make large sums of money from their holdings, which could then be dumped on the market, putting downward pressure on prices.
Shaikh acknowledged that token economics “should have come out sooner,” an oversight he attributed to the team’s workload ahead of launch.But as for concerns about the amount allocated to investors, he claimed the share was “the lowest […] Works with any blockchain on the market today. “
Shaikh and his co-founder Avery Ching previously worked together on Novi, a crypto wallet built to support the Diem stablecoin. They refer to the Aptos network as “everyone’s layer 1” – referring to their ambition to develop a blockchain that is cheap, scalable, versatile and easy to use.
Whether Aptos can achieve this has a lot to do with the programming language that underpins its chain, called Move, which was developed from the ground up to power the Diem blockchain.The language makes a peak theoretically The performance of 160,000 TPS is well above the theoretical peaks of Ethereum and Solana.
The Aptos team has spoken out against the “Solana Killer” title. But just as Solana aims to process transactions faster than Ethereum, Aptos promises to surpass Solana.
Such competition is healthy for the blockchain ecosystem, said David Shuttleworth, senior DeFi economist at ConsenSys, the development studio founded by Ethereum co-founder Joe Lubin. “Technological advancements should always be pursued at all levels, not just blockchain, and should not be limited to one particular ecosystem or protocol,” he said.