Validators process transactions and receive fees from users (supply-side fees).

Aptos is a smart contract platform for decentralized applications (a blockchain). Aptos was founded by Mo Shaikh and Avery Ching and launched in 2022.

APT token holders own and govern the protocol. They currently don’t take a cut of the total transaction fees paid by users (revenue). Aptos’ investors include Binance Labs, Jump Crypto, Apollo, etc.

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Blockchains (L1)

Aptos

# Aptos Token incentives Methodology

## 1. Overview

Token incentives measures the total USD value of APT tokens distributed as rewards to validators and stakers on the Aptos blockchain on a daily basis. This metric quantifies the network's monetary incentive mechanism by capturing all stake-related reward distributions and converting them to USD terms using market prices. The calculation aggregates daily reward distribution events and applies appropriate currency conversion to provide a standardized measure of network token incentives.

## 2. Data sources

The calculation relies on three primary data sources:

- **Aptos blockchain events**: Raw event logs from the Aptos blockchain, specifically capturing stake-related reward distribution events that record when APT tokens are distributed to validators and stakers
- **Chainlink price feeds**: End-of-day APT token price data from Chainlink oracle feeds (contract address `0x88a98431c25329aa422b21d147c1518b34dd36f4`) available from August 10, 2023 onwards
- **CoinGecko market data**: End-of-day historical price data for APT tokens from CoinGecko (token ID: `aptos`) used for dates prior to Chainlink data availability

## 3. Step-by-step calculation

### Component A: Reward event extraction

- **Purpose**: Extract and process APT token reward distribution events from Aptos blockchain
- **Logic**: Filter Aptos blockchain events for specific stake reward distribution event types (`0x1::stake::DistributeRewardsEvent` and `0x1::stake::DistributeRewards`). Parse the JSON event data to extract the `pool_address` identifying the validator pool and `rewards_amount` containing the raw reward amount. Convert the raw amount from its native blockchain format by dividing by 10^8 to account for APT token's 8-decimal precision, yielding the actual APT token amount distributed
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for transaction identification, `pool_address` for validator pool identification, and `amount` for the processed APT reward amount

### Component B: Price data preparation  

- **Purpose**: Provide daily APT token prices in USD for currency conversion
- **Logic**: Combine price data from two sources using a date-based selection strategy. For dates from August 10, 2023 onwards, use Chainlink oracle price feeds which provide real-time market prices. For earlier dates, use CoinGecko daily market data to fill the historical price gap. This hybrid approach ensures complete price coverage across the entire calculation period while prioritizing the more reliable oracle-based pricing for recent dates
- **Key fields**: `timestamp` for daily price alignment and `price` for USD exchange rate

### Component C: Daily reward aggregation

- **Purpose**: Aggregate all reward distributions by day and prepare for USD conversion  
- **Logic**: Group all reward distribution events by day using timestamp truncation to daily granularity. Sum all `amount` values within each day to get total daily APT rewards distributed across all validator pools and staking activities. Apply standard business categorization fields identifying this as Aptos blockchain data with APT as the contract name
- **Key fields**: Aggregated `token_incentives` containing total daily APT rewards and `timestamp` for daily alignment

### Final aggregation

- **Combining components**: Join the daily reward aggregates with the corresponding daily APT prices using exact timestamp matching to ensure each day's rewards are converted using that day's market price
- **Currency conversion**: Multiply the total daily APT reward amount by the corresponding USD price to convert from native tokens to USD value, providing a standardized monetary measure of network incentives
- **Time aggregation**: Data is aggregated at daily boundaries using timestamp truncation, ensuring consistent daily reporting periods aligned with standard market data timing
- **Final calculation**: The final metric value represents the total USD value of APT tokens distributed as rewards on each day, calculated as the sum of all daily reward distributions multiplied by the end-of-day APT token price in USD. The calculation includes schema validation, zero-filling for missing dates, and chain availability filtering to ensure data quality and completeness

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

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Token incentives

Token incentives

Competitive landscape