Aptos announced an update to its tokenomics. The core changes include: the annualized staking reward rate will drop from 5.19% to 2.6%; Gas fees will increase by 10x; and the protocol layer will set a strict hard cap on total supply of 2.1 billion APT. In addition, the Aptos Foundation will permanently lock and stake 210 million APT. The official team will also explore a programmatic buyback plan, and it is expected that after the ecosystem DEX goes live, more than 32 million APT can be burned each year.