Aptos Is Betting Big on Transparency After Crypto’s Black Friday, Says CEO

Aptos aims to build a transparent, decentralized internet for a global trading engine and cloud computing, focusing on security and fairness in asset management.

• Aptos prioritizes on-chain transparency and fairness to prevent issues seen in centralized crypto markets.

• Decibel and Shelby represent core products for decentralized trading and high-performance cloud storage, respectively.

• Strategic partnerships with stablecoin providers and global enterprises like Reliance Jio are key to Aptos's ecosystem growth and global adoption.

Aptos, founded by former Meta team members, is building a decentralized internet to serve as a global trading engine and facilitate decentralized cloud computing, emphasizing transparency and fairness. The platform utilizes its Move language and high-performance blockchain infrastructure to offer a secure environment for asset trading, aiming to surpass centralized exchanges in capabilities and user control. CEO Avery Cheng envisions a future where the entire economy operates on-chain, from payments and investments to digital rights and enterprise storage, driven by blockchain's efficiency and accessibility.

Aptos' Origins and Mission

• 00:00:43 Aptos began in 2018 with many founders previously working at Meta on Libra and Diem, an ambitious project to build global payments infrastructure. After recognizing they were too early for the market, the team left Meta in late 2021, raising significant capital to pursue their mission: building the decentralized internet for everyone. Aptos focuses on creating a global trading engine where assets move freely with the transparency of decentralized systems, leveraging a new language called Move and world-class blockchain infrastructure to exceed centralized exchange performance.

Product Innovation

• 00:03:03 Aptos differentiates itself through a clear focus on enabling fast asset trading, akin to internet speeds, and decentralized cloud computing. Key products include Decibel, a fully decentralized spot and perpetuals exchange designed for on-chain transparency and fairness, and Shelby, a decentralized real-time storage solution for high-performance use cases like AI, creator content ownership, and enterprise-grade storage. The platform also collaborates with NBCUniversal on Watchy, a decentralized operating system for media that defines content primitives like digital rights and encryption rules atop Shelby storage, aiming to unify loyalty and payments across diverse properties.

Addressing Market Gaps

• 00:16:11 Decibel aims to solve critical transparency and fairness issues prevalent in centralized and even existing decentralized exchanges, where order matching often occurs off-chain in 'black boxes.' It ensures all orders, matching algorithms, and results are published entirely on-chain, preventing front-running and providing unprecedented visibility into market events, unlike what was seen during recent market volatility. This full on-chain approach, powered by Aptos's Move language, is a significant differentiator in the competitive perps exchange space.

Strategic Partnerships & Future Vision

• 00:24:16 Aptos is strategically partnering with various stablecoin providers, including USD1 by World Liberty Financial, USDT, USDC, and PYUSD, recognizing their diverse use cases across geographies. The platform's high performance and low transaction costs (less than one-hundredth of a cent with half-second latency) make it an attractive base for stablecoins, enabling micro-payments and social app rewards globally. Additionally, Aptos announced a partnership with Reliance Jio, India's largest telecoms company with over 500 million users, to support their Geocoin efforts and integrate blockchain into core loyalty and cross-application products, demonstrating Aptos's commitment to global expansion and enterprise adoption.