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Aptos on the Rise: Exploring October’s Record Growth and Future Innovations

Market Movers: The Opening Bell

November 24, 2025

Video Transcript

Well, just saw one of the strongest growth months.

App is also introducing a major upgrade to its network, shifting from a high performance layer one towards production grade infra.

Now the network is also implementing a new licensing model that makes its code publicly accessible for research while delaying full commercial use for 4 years.

An ecosystem activity continues to grow.

In October, A.

Had one of the strongest growth among layer one networks, stablecoins supply rose nearly 50% from September to October after BlackRock expanded its Spittle fund on the network by 500 million.

Also after lab launched the testnet of their in-house developed decentralized exchange decibel.

Well joining me to weigh in is Ryan Zega, the head of structure finance at.

Labs.

Ryan, great to have you here.

Thank you so much for joining me.

Yeah, thank you so much for having me.

Yes, it's an extremely exciting time for Aptos.

We've got a ton of different projects that we're incubating, tremendous amount of stablecoin growth that was shown in that Missor report, and then yeah, definitely looking to advance sort of the, you know, global trading engine that's, you know, the active blockchain.

Yeah, so Ryan, you mentioned that growth that is happening in stable coins.

So give us an understanding of how that compares to the broader stable coin supply.

Yeah, yeah, definitely.

If you look at our growth, it's been, you know, extremely fast, right?

I think it was a 50% increase month over month.

We're really working with high quality issuers like PayPal with their PayPal USD Xero project, right, tether with USDT Circle USDC and then World Liberty Financial with USD1.

So our goal is to identify these high quality staple coin issuers right and then go downstream with a number of different partners in Uh, the African continent, right, such as yellow card, FATM with ISO, and then we're really looking to make a very strong push into the APEC region more generally.

And what about the factors that are supporting this growth?

What's behind that?

Yeah, yeah, definitely.

Look, we're a very product first type of firm, right?

We are very proud to have some of the highest transactions per second.

Lowest latency, lowest costs, and then you know quickest block times in the industry and as you know the world becomes increasingly on chain, those are metrics that are required and if you look at some of our institutional partners, right, BlackRock, Franklin Templeton, Bren Howard, Apollo, and others, they see that value in having class living product, especially again as we begin to transition to global capital markets that are on chain.

And of course you did announce a new licensing model.

So tell us about the significance of this.

Yeah, definitely.

So we're, you know, super excited to work with a number of high quality partners to allow for builders to have easier access to, you know, APOs and you know the move language, right?

We have 300 eco.

System partners today we're looking to rapidly grow that and then where we you know can partner, we'll certainly partner and then where we can incubate we'll also incubate projects, right?

We have Decibel, which is, you know, really a strong sort of trading platform that just went live on Testnet.

Last week, we're incubating a decentralized file storage solution called Shelby, which we think will be, you know, tremendous right to the kind of global sort of data storage and transmission environment.

So that's kind of our thesis there, right, make the A code and then tools accessible and then bring on those high quality partners.

Yeah, and 2025 has been quite a year, not just for the broader markets but also digital assets.

So for APOs, what are you looking forward to in terms of innovation and what impact will this have for retail investors who may be watching right now?

Yeah, yeah, definitely.

So you know we have a big focus on global markets, right?

I've spent a lot of time in sort of AIPAC, Latin America, Europe.

Uh discussing with a lot of institutions right and different governmental organizations on what's going on right from a digital asset institutional perspective within the US um so we're, you know, really excited to sort of extend, you know, our blockchain internationally, you know, continue to bring on high quality projects, sponsors, etc. and I think that's a general trend that.

Seeing throughout the markets, right, willingness to have high quality partners on chain transition products on chain, and then look 2026 onward, I think you'll see increasing use cases beyond stablecoin and then you'll see new stablecoin issuers emerging in different parts of the world.

So very excited for you know kind of blockchain in 2026 and onward.

Yeah, in 2025 you've announced partnerships.

So how will this impact the space and also what are the implications when it comes to real world use cases and also market reach for A?

Yeah, yeah, definitely.

So kind of on the real world side, right, we're going to see a convergence of sort of on chain finance, sort of stablecoin utilization, and then really more like traditional.

Finance, you know, types of applications, right, money market funds, you know, private credit funds.

We're also, you know, making a lot of inroads with regulated counterparties such as Republic, right, where maybe you'll even see the transition of private securities more and more unchained and then we're, you know, actively looking at a lot of the tokenized public equity initiatives too, so.

You know, at Aptos, right, you'll see, you know, further penetration in different product types being brought on chains, specifically on our blockchain going forward.

And finally, before I let you go with opportunities also come risks.

So how are you addressing some of the challenges out there?

Yeah, so we really, you know, have a very strong sort of due diligence practice right for partners.

We're looking to bring in sort of the highest class partners, build out the highest grade, you know, products, and then continue being the highest quality chain that we can be.

OK, Ryan, well, great to have you here today.

Thank you so much for joining me live at the New York Stock Exchange.

Perfect.

Thank you so much.

Remy Blaire engages in a compelling discussion with Ryan Zega, the Head of Structured Finance at Aptos Labs. The conversation centers around the recent advancements and growth of the Aptos blockchain network, which has experienced one of its strongest growth months to date.

Remy opens the segment by highlighting Aptos’s impressive performance in October, noting a nearly 50% increase in stablecoin supply compared to September. This surge is attributed to significant investments, including a $500 million expansion of BlackRock’s Biddle fund on the Aptos network. Ryan elaborates on the ecosystem’s growth, emphasizing the importance of partnerships with high-quality stablecoin issuers such as PayPal, Tether, and Circle. He discusses Aptos’s strategic focus on expanding its reach into various regions, including Africa, Latin America, and the Asia-Pacific.

The conversation then shifts to Aptos’s newly announced licensing model, which aims to make its code publicly accessible for research while delaying full commercial use for four years. Ryan explains how this model is designed to facilitate innovation and collaboration within the ecosystem, allowing developers easier access to Aptos and its Move programming language. He also mentions the launch of Decibel, a decentralized exchange currently in testnet, and a decentralized file storage solution called Shelby, both of which are part of Aptos’s initiative to incubate high-quality projects.

As they look ahead to 2025 and beyond, Ryan expresses enthusiasm for the potential innovations within the blockchain space. He emphasizes Aptos’s commitment to global markets and the transition of traditional finance products onto the blockchain. The discussion touches on the anticipated emergence of new stablecoin issuers and the expanding use cases for blockchain technology beyond stablecoins.

Finally, Remy and Ryan address the challenges and risks associated with rapid growth in the blockchain sector. Ryan reassures listeners that Aptos is dedicated to maintaining a rigorous due diligence process when selecting partners, ensuring the development of a high-quality product and the network’s position as a leading blockchain.

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