Aptos Is Betting Big on Transparency After Crypto’s Black Friday, Says CEO - Ep. 927
Last Friday, billions evaporated in a liquidation cascade—and nobody knows exactly what happened because centralized exchanges won't share the data.
In this sponsored episode recorded at Aptos' NYC event, Aptos CEO Avery Ching says if their Decibel perpetual exchange had been live, traders would have seen every order, every spread change, every liquidation in real-time onchain. But while critics argue existing perp DEXs like Hyperliquid are already decentralized, Ching says most still match orders off-chain in black boxes.
Avery explains why Decibel (launching Q1 2026) will be different, how 500 million Indian users are coming to crypto through Reliance Jio's Jiocoin, and why Aptos partnered with World Liberty Financial despite VCs calling it "garbage in your living room."
Guest:
Avery Ching, CEO & Co-Founder, Aptos
Links:
The Composable Global Exchange Engine, by Avery Ching, CEO Aptos
Aptos Post: The fully onchain trading engine built by Decibel Foundation
Previous coverage of Unchained on Black Friday: Crypto’s Black Friday Was Its Largest Liquidation Ever. What the Hell Happened?
Timestamps:
🎬 0:00 Intro
🧭 0:33 How Aptos evolved from Meta’s Libra/Diem project
💡 2:27 Aptos’ vision for global trading engine and everyday crypto use
💾 10:11 What Shelby is and how it supports AI, creators, and enterprise use.
🎥 12:22 Aptos’ new media partnership with NBCUniversal
⚡ 14:46 Avery’s vision for a future when blockchains are widely used
🧩 16:10 What Decibel is and how it aims to bring perps fully onchain
🔎 17:58 What would have changed if Friday’s crash was onchain
💵 24:12 Why Aptos partnered with World Liberty Financial on USD1
🇮🇳 28:46 How the Reliance Jio deal expands Aptos’ reach in India
🌏 30:46 How Aptos is building enterprise adoption across Asia
🏦 32:59 Why Aave launched its first non-EVM deployment on Aptos
🛡️ 36:42 What Aptos learned from recent market turmoil
🔚 42:18 Closing thoughts and Avery’s vision for onchain transparency
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Crypto's Ultimate End State With Avery Ching
Gm! This week Avery Ching joins the show to discuss the Aptos 2.0 roadmap. We deep dive into the current vs end state of crypto, building a high performance L1, the rise of AI, misconceptions about Aptos & more. Enjoy!
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Backed by a $4.5B treasury, Mantle is building the future of on-chain finance – accessible for everyone.
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(00:00) Introduction
(00:26) The Future Of Aptos
(07:39) Building Products In Crypto
(11:09) Designing A High Performance L1
(15:10) The Move VM
(18:52) Crypto's Narrative Cycle
(21:43) Building For Institutions vs Crypto Natives
(25:14) Ads (Ledger & Mantle)
(26:53) The Aptos Roadmap
(34:00) The Growth Of Solana
(36:17) Crypto's Ultimate End State
(39:22) The Rise Of AI
(42:03) Misconceptions About Aptos
(44:38) Getting Started On Aptos
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
The Chopping Block: World Liberty Financial, Liquidity Risks, and Global Crypto Adoption - Ep. 708
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week the squad is live from Token2049 in Singapore and joined by special guests Mo Shaikh, CEO and Co-Founder of Aptos Labs, and Arthur Hayes, CIO at Maelstrom. In this episode, they tackle the buzz around Trump’s DeFi projects, the challenges of hosting Token2049 during F1, and the controversy surrounding Iggy Azalea’s cancelled debate. The conversation also covers the macro impact of potential Fed rate cuts, the role of celebrity coins, and the future of global crypto adoption. Don't miss this insightful live discussion in front of the Token2049 audience!
Show highlights
🔹 Token2049 Event: Token2049 faced logistical challenges due to Singapore’s F1 weekend, resulting in heavy traffic and delays for attendees.
🔹 Canceled Celebrity Coin Debate: Iggy Azalea’s debate with Eric Wall about celebrity coins was canceled due to conflicts with Singaporean regulations, which prevented her planned on-stage stunts.
🔹 World Liberty Financial Overview: The Trump family’s DeFi project, World Liberty Financial, is scrutinized for its lack of clear direction and concerns over the 70% insider token pre-allocation.
🔹 Fed Rate Cuts and Market Implications: Potential Fed rate cuts and their impact on the dollar-yen exchange rate could lead to liquidity crises and increased market volatility.
🔹 Celebrity Coins and Memecoins: A look into celebrity coins and memecoins raises questions about their value, considering whether they bring meaningful attention to crypto or are merely speculative distractions.
🔹 Korea vs. Japan in Crypto: Korea’s active crypto trading culture and crypto-friendly policies contrast with Japan’s more cautious, restrictive approach, reflecting different market dynamics.
🔹 Global Crypto Adoption Rankings: Skepticism is expressed regarding India’s top spot in Chainalysis’ Global Crypto Adoption Index, with a case made for Korea ranking higher than 19th.
🔹 Aptos and Mainstream Adoption: Aptos is pushing for mainstream adoption through partnerships in Korea and innovations like the Aptos card, offering integrated cold storage and new financial products.
Hosts
⭐️Haseeb Qureshi, Managing Partner at Dragonfly
⭐️Tom Schmidt, General Partner at Dragonfly
⭐️Tarun Chitra, Managing Partner at Robot Ventures
Guest
⭐️ Mo Shaikh, CEO and Co-Founder of Aptos Labs
⭐️ Arthur Hayes, CIO at Maelstrom
Disclosures
Links
The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption: https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/
Timestamps
0:00 Intro
00:49 TOKEN2049
06:20 $10 Billion FDV? World Liberty Financial
16:10 Allure of Memecoins & Celebcoins
19:06 Beyond Memecoin Adoption
20:27 Global Crypto Adoption Ranking
24:43 Korea vs. Japan's Crypto Scenes
29:19 Macro Trends and Fed's Impact
35:26 Crypto's Resilience Against Regulation
40:00 The Future of Crypto and Decentralization
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The Ultimate Guide to Aptos (APT) in 2024 with Co-Founder Avery Ching
Avery Ching is the co-founder and CTO of Aptos, which is a Layer 1 blockchain developed by former Facebook employees that launched towards the end of 2022. Aptos uses the Proof of Stake consensus mechanism and aims to achieve high throughput and high security for smart contracts. In our conversation, we cover the fundamentals of Aptos, with Avery highlighting the unique features that set Aptos apart from other Layer 1s, we delve into the technical aspect, focusing on the concept of Dynamic Parallelism, Avery addresses the concerns surrounding the significant venture capital investment in Aptos, we also explore the current and potential future use cases, including the introduction of the Aptos Phone.
Chapters
0:00 Intro
0:45 What makes Aptos different?
10:15 Trilemma
15:07 Aptos fundamentals
17:45 Aptos VS Sui
20:07 Dynamic Parallelism
23:30 VC Chain
25:15 Points and Airdrops
27:05 Aptos Labs + Foundation
28:27 Aptos Use cases
38:17 Verifying Content On Chain
42:30 Aptos Phone
48:33 Future of Blockchain
51:45 Success for Aptos
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Building Modular Move Networks on Ethereum | Nick White, Rushi Manche & Avery Ching
In today's episode of Empire we explore the current state and future of modular blockchains. With special guests Avery Ching, Rushi Mache, and Nick White, the discussion revolves around the pros and cons of Modular and Monolithic Blockchain Architecture, aptness of execution environments, the importance of scalability, and the standardization and consolidation in the blockchain space. The conversation further dives into the performance and potential of Move Virtual Machine, the struggles of the Ethereum Virtual Machine, and the promise of innovative solutions like Celestia to offer more cost-effective and efficient data availability. We hope you Enjoy!
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Use the link below to learn more, and use EMPIRE20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!
Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home
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Timestamps
00:00 Introduction
02:00 The Modular Blockchain Thesis
04:26 MOVE-Based Blockchains
17:33 Is Monolothic Dated?
32:21 DAS London
33:38 Measuring Blockchain Performance & Scalability
43:31 The Future of DEV Activity
52:29 The Killer App
57:07 Will there be a Final Optimal Stack?
01:03:46 DAS London
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
The Chopping Block: Why Are We Still Building Layer 1s? - Ep. 487
Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in digital assets. In this live episode from Consensus 2023, they are joined by Avery Ching, chief architect of Aptos, to discuss the latest SEC enforcement actions, an embarrasing admission by audit firm Certik, and crypto’s impact on the coming election.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
everyone's impressions of the conference
why Korea has become a hub for crypto adoption
why there's no benchmarking infrastructure to compare data across blockchains
how Sui decided not to airdrop a token and what the implications for future airdrops are
whether CertiK bears responsibility in the Merlin DEX rugpull
whether the US elections have an effect on how the SEC is playing the case with Coinbase
what impact AI will have on the crypto industry
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Tom Schmidt, general partner at Dragonfly
Guest
Avery Ching, cofounder and CTO of Aptos
Disclosures
Links
Unchained:
Coinbase Seeks to Compel SEC Response to Rulemaking Petition
Exploit or Rug Pull? $1.8 Million Drained From zkSync DEX Merlin Despite Audit
SEC Sues Bittrex, Names Dash, Algorand and Other Tokens ‘Crypto Asset Securities’
CoinDesk: Sui Network to Issue Token Following Exchange Sale; Airdrop Hunters Dismayed
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Inside Aptos — the $1.9 billion blockchain born out of the shuttered Libra project
Aptos, a new Layer 1 blockchain originating from the Facebook blockchain initiative Libra (later renamed 'Diem'), recently launched its mainnet.
The architecture behind Aptos was designed to serve millions of people at scale and uses the Move programming language originally intended for Libra.
In this episode of The Scoop, Aptos Co-Founders Mohammed Shaikh and Avery Ching explain why they believe Aptos empowers developers to build faster, more secure applications, and why applications built on Aptos will help onboard millions of users into web3.
According to Ching, experiences built on Aptos will look and feel more like what users are accustomed to on existing Web2 platforms:
“When we think about what's going to onboard people into web3 from web2, one thing that people are used to in web2 is extremely good latency for their products … being able to see those same kinds of experiences in web3 through the Aptos network is something that will be very powerful.”
In addition to user experience, the Move language offers developers a Rust-based alternative to Solana — something some teams who were developing on Solana are currently exploring.
While vulnerabilities in smart contracts have cost DeFi projects billions of dollars, the Aptos co-founders claim the Move language allows for fewer vulnerabilities. As Shaikh explains,
“Making sure that engineers or product managers who are excited about a use case aren't thwarted by having to deal with smart contract complexity and worry about auditability — that’s really meaningful to us.”
Episode 116 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro and Kevin Peng, and Aptos Co-Founders Avery Ching and Mohammed Shaikh.
Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.
This episode is brought to you by our sponsors Tron, Ledn
About Tron
Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi's official website for more information: huobi.com.
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Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit Ledn.io