Aptos Is Betting Big on Transparency After Crypto’s Black Friday, Says CEO - Ep. 927
Episode publishedPodcast: UnchainedUnchained
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Hey, everyone. Before we get started, a quick note. This conversation was recorded as a sponsored interview at the Aptos Experience event in New York City. We're grateful to Aptos for supporting this episode. Now let's dive into the conversation I had with Aptos CEO, Avery Chang.
So even on, like, what they we consider today to be decentralized exchanges have a centralized component to them. And that could be, for example, you start off with an, you know, an order flow that begins on chain but then gets fulfilled off chain somewhere, like an order matching system. We don't know what's happening in the order matching system.
Avery, since we just wanna make sure everyone's on the same page, why don't you give a general description of Aptos?
For those who don't know, I mean, we have a lot newbies in the room, which is fantastic. Aptos wasn't I mean, we've been in Mainnet for three years, but it's actually started a while back. In 02/2018, many of us were at Meta at Facebook working on building out the new payments infrastructure for the world. And you may have heard of this as Libra and Diem. The idea was to put together a consortium of Mastercard, Visa, Facebook, PayPal, Uber, Lyft, and others, and build out an infrastructure that could support all of their needs for billions of people around the world. I was the crypto leader of
And I also wanted to ask because there are so many l ones out there. How would you distinguish Aptos from other l ones?
So I think there are a lot of l ones out there, and there's a lot of if I give it a good analogy, there's a lot of cloud providers out there as well. Right? But what separates us from others is this clear focus on our ability to trade assets as fast as the Internet and have a competitive product that kind of goes beyond just being general purpose infrastructure. We don't build for just kind of infrastructure sake. We're building for a purpose, and that purpose is gonna be, first of all, building out a global trading engine and seeing projects like Decibel on top of it, which are full stack exc
And so if you were to kind of project out, you know, I don't know how many years, but some number of years, you know, if Aptos becomes a big success, then, like, how would everyday life look different, or what would life look like for people that are using Aptos? Like, you know, what new things would they be able to do or, you know, how much faster would things be or cheaper or whatever. So just maybe paint a picture of, like, what life might look like for Aptos users.
Yeah. So I I think this is a really important question to ask and a question that's not asked very often. My ideal state of the world is one in which the economy is having on chain. You know, we're getting we're working our jobs. We're being paid in crypto, either stablecoins or native coins. That money's rolling to our accounts. It is earning yield automatically. It is also allowing us to be paid more frequently because it's so cheap and efficient to do so. We take that yield, and now we have AI agents acting on our behalf to invest in products using the feature set of Decibel and other tradi
Alright. So now I'd love to hear a little bit more about you and your experience. What were you doing before you got into crypto? Then how did you get into crypto? And then after that, how did you come to Aptos?
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