Welcome back to the Aptos’ Biweekly Overview. In this edition, we explore the network's ongoing network upgrades, RWA growth, and protocol announcements.
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By The Numbers
Aptos daily txns: 10.4M (+20.5%)
Network transactions per second: 220 tx/s (+4%)
Daily active addresses: 1.1M (-8.3%)
Aptos TVL: $310.1M (-6.1%)
Aptos stablecoin market cap: $1.73B (-9%)
The percentages and metrics are based on a 14-day timeframe from Token Relations data, unless noted otherwise.
Inside The Blockchain
🌐 What happened: Aptos has filed a proposal to add a new opt-in security extension called Confidential APT that encrypts token balances and transfer amounts, and enables validators to verify integrity via cryptographic proofs.
🌐 Why it matters: On most blockchains, balances and transfers are fully visible, which raises the risk of targeted attacks or profiling. While there are strong arguments to be made in favor of transparency on public blockchains, reducing such risks is important, too, as people and businesses increasingly start using blockchain-enabled assets like stablecoins or purchase shares in crypto ETFs.
Aptos’ proposal would introduce an opt-in measure that would let users encrypt their balances and transfer amounts, and allow validators to use zero-knowledge proofs to verify transactions.
Aptos claims Confidential APT would allow users to keep details of their transactions private, like amounts and token balances, while keeping the sender and recipients’ wallet addresses publicly visible.
Unlike privacy-focused blockchains like Zcash, which often take a stricter approach to this by obscuring both user identities and transactions, Aptos is choosing to keep user identities visible and hide only the financial data.
The feature also lets users selectively disclose transaction details via view keys for auditing or compliance.
🌐 The big picture: One of the most important purposes of blockchains is ensuring transparency of how money moves. However, the inability to keep transaction amounts private has proved a limitation, and often even a security risk. Full transparency exposes sensitive information in real time, meaning trading firms risk revealing their positions and strategies, or companies find themselves unable to run payroll systems onchain without disclosing salaries.
At the same time, fully private systems remove the auditability institutions need to comply with regulations.
Confidential APT addresses both these concerns by giving users an option for selective privacy: transactions remain verifiable and participants stay visible, while transactions and balances are hidden unless explicitly disclosed.
Chart Of The Week
Ondo’s US dollar yield treasury fund, USDY, on Aptos surged to $105.1M, coinciding with new token mints on the network.
The Ecosystem Is Makin’ Moves
Allium’s new onchain analytical tool lets developers on Aptos turn onchain data into readable data sets and charts
Shelby, a decentralized hot storage network, is now available in early access to developers. The platform currently offers cross-stack SDKs for React, Ethereum, and Solana; AI agent tooling; and GenAI content media kits
Bubblemaps has integrated with Aptos, to provide insight into trading accounts and wallet clusters
Hyperion has partnered with Ethena to give Sats points to users who provide liquidity to stablecoin pools
Aptos Network Wins
Aptos voters have passed a proposal to reduce staking rewards to 2.6% from 5.19%, and increase gas fees by 10 times
Sasha Spiegelman, head of research at Aptos Labs, talked about how the network’s Velociraptor consensus update lowers block times below 50ms
Aptos was chosen as a launch partner for Mastercard’s Crypto Partner Program
Join In The Fun
Want to dive into the ecosystem full-time?
Find the latest job postings on Aptos
Join Alin Tomescu, head of cryptography at Aptos Labs, for a livestream on March 24 about confidential assets and how the network leverages zero-knowledge proofs
Echelon is allocating $30K worth of ELON tokens for USD1 suppliers
That’s all for now.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.