On April 14, Aptos released an update on its tokenomics. Key adjustments include: the annualized staking reward rate decreased from 5.19% to 2.6%; Gas fees increased tenfold (with stablecoin transfer costs still as low as approximately $0.00014); the launch of Decibel DEX is expected to significantly increase on-chain transaction volume and Gas fee burning, with an estimated annual burn of over 32 million APT; a hard cap total supply of 2.1 billion APT has been set at the protocol layer; the Aptos Foundation will permanently lock and stake 210 million APT; future incentives will be converted to milestone triggers; and a programmatic buyback plan is being explored.