WATCH

Aptos (APT)

Move-language L1 from ex-Meta team with solid tech but massive vesting schedule dragging price. TVL growing but token inflation brutal.

Ranked 81st of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
116/250
81st of 251
Percentile
68.1%
of the rated universe
Circulating
40.3%
59.7% of value still to vest
Off all-time high
-97%
33.3x to recover
AptosNative L1+4 since last pass
01

What the numbers say

APT scores 116 of 250 across the 25-variable framework, which places it 81st of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.

The score rests on Real Staking Yield 6/10, 17th of 251, TVL Trend 6/10, 19th of 251, Smart Money Flows 6/10, 26th of 251 and Catalyst Calendar 6/10, 29th of 251.

Against the same universe, APT sits in the bottom third on Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251, Vesting Schedule 2/10, 223rd of 251 and Buyback and Burn 1/10, 205th of 251. These are the variables that would have to move for the verdict to change.

Only 40.3% of APT's maximum supply is in circulation, so 2.48x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 59.7% of the fully diluted value sitting ahead of today's holders. That is a heavy overhang: most of the eventual supply has not reached the market yet.

APT trades 97% below its all-time high of $19.92. Recovering that level is a 33.3x move, not a 97% one, which is the arithmetic most drawdown charts hide.

$890.0M sits in the protocol. The token is capitalised below the value locked in the protocol.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for APT, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
460th of 251
Revenue Trend
532nd of 251
P/S Multiple
4104th of 251
Real Staking Yield
617th of 251

Supply

Supply variables for APT, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
2228th of 251
Vesting Schedule
2223rd of 251
Circulating / FDV Ratio
3225th of 251
Buyback and Burn
1205th of 251

Ownership

Ownership variables for APT, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
626th of 251
Insider Selling
3201st of 251
Holder Concentration
458th of 251

Traction

Traction variables for APT, scored 1 to 10 and ranked against 251 tokens
TVL Trend
619th of 251
Active Users
538th of 251
Developer Activity
633rd of 251
Network Growth
632nd of 251

Position

Position variables for APT, scored 1 to 10 and ranked against 251 tokens
Market Share
487th of 251
Competitive Moat
557th of 251
Institutional Adoption
536th of 251
Exchange Depth
637th of 251
Social Mindshare
541st of 251

Risk

Risk variables for APT, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
652nd of 251
Catalyst Calendar
629th of 251
BTC Alpha Potential
445th of 251
Team Execution
630th of 251
Treasury Runway
633rd of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

Microsoft partnership for AI on Aptos; strong Move network crossover with Sui

Principal risk

Only 27% of tokens in circulation; heavy VC and team allocations opening through 2028 create massive sell pressure

04

Market and supply

Price$0.5897
Market cap$499.0Mrank 99
All-time high$19.9226 Jan 2023
Circulating supply845,716,077
Eventual supply (max supply)2,100,000,000
Dilution to full supply2.48x
Total value locked$890.0M
Listed onBinance, Coinbase, Bybit, OKX

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to APT measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [DeFiLlama] Aptos TVL grew to nearly $900M in 2026 driven by DeFi expansion
  • [Messari] Aptos circulating supply only 27% of total with releases continuing through 2028
  • [Aptos Foundation] Microsoft and Aptos Labs partnership for AI agent infrastructure announced
07

Common questions

What is the Early Thunder score for Aptos (APT)?
APT scores 116 out of 250 on the 25-variable framework, ranking 81st of 251 rated tokens (upper half). The framework verdict is WATCH.
What are APT's strongest fundamentals?
APT ranks highest on Real Staking Yield 6/10, 17th of 251, TVL Trend 6/10, 19th of 251, Smart Money Flows 6/10, 26th of 251 and Catalyst Calendar 6/10, 29th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the APT thesis?
APT scores in the bottom third of the universe on Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251, Vesting Schedule 2/10, 223rd of 251 and Buyback and Burn 1/10, 205th of 251. The single risk carried on the scorecard is: Only 27% of tokens in circulation; heavy VC and team allocations opening through 2028 create massive sell pressure
How much APT supply is still to enter circulation?
40.3% of eventual APT supply is circulating today, leaving 2.48x the current float still to arrive. At a flat price per token that is 59.7% of fully diluted value ahead of current holders.
How far is APT from its all-time high?
APT trades 97% below its all-time high of $19.92. Returning to that high requires a 33.3x move from the level used in this scoring pass.
Which tokens have a similar profile to APT?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to APT are SEI (100), SUI (146), BERA (127) and FIL (101). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for APT?
Microsoft partnership for AI on Aptos; strong Move network crossover with Sui

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.