Aptos Burns 174K APT Monthly, but Staking Issuance Outpaces Reduction

The Burn and the Issuance

Aptos burned 174,570 APT in the past 30 days, according to Crypto Briefing, lifting total burns since the mechanism's inception to 1.9 million tokens. The burns are generated from network transaction fees and serve to reduce supply. However, the network simultaneously issues approximately 1.5 million APT per month in staking rewards, according to Bitcoinist's analysis. This means gross issuance outpaces fee burns by a net 1.3 million APT monthly, keeping the token supply in expansion mode despite the headline burn figure.

Supply Dynamics and Holder Impact

The token's net inflationary state creates an asymmetry in wealth effects. Staking participants receive new APT issuance that offsets or exceeds their dilution from the expanding supply, while non-staking holders experience pure dilution from the growing circulating total. Crypto Briefing noted that this dynamic places "inflationary pressure" on those not participating in staking, reducing the relative value of their holdings. The burn mechanism, while reducing issuance compared to a scenario with no fee capture, has not achieved the deflation that marketing language sometimes implies.

Why It Matters

For Traders

Net inflationary supply of 1.3 million APT monthly creates structural sell pressure on spot price; staking APY does not fully compensate non-stakers.