Aptos announces tokenomics update, reduces staking rewards to 2.6%, and increases gas fees

Foresight News reports that Aptos has released an update on its tokenomics. The main adjustments include reducing the annualized staking rewards rate from 5.19% to 2.6%; increasing Gas fees tenfold (the stablecoin transfer cost remains as low as approximately $0.00014); after Decibel DEX goes live, on-chain trading volume and Gas fee burning will increase significantly, with annual burn expected to exceed 32 million APT; a hard cap total supply at the protocol layer is set at 2.1 billion APT; the Aptos Foundation will permanently lock and stake 210 million APT; future incentives will convert to milestone-triggered releases; and the team is exploring a programmatic buyback plan.