ApeCoin Price Surges 100% as Yuga Labs Debuts ApeChain
"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally.
- APE has hit the highest since April.
- The much-awaited ApeChain went live Sunday, bringing native staking yield to APE holders.
, the Bored Ape Yacht Club (BAYC)-affiliated ERC-20 cryptocurrency used for governance and transactions in the ApeCoin ecosystem, has doubled in value over the weekend, topping $1.5 for the first time since April, according to CoinDesk data.
The rally comes as the ApeCoin team, led by Yuga Labs, the company behind BAYC, debuted the highly anticipated blockchain network ApeChain Sunday. The ApeCoin DAO voted to build the same in January this year.
The new offering, a Layer 3 network developed on Arbitrum One, is fully compatible with the APE token and facilitates minting non-fungible tokens (NFTs), trading, and decentralized applications while enhancing user experience, pseudonymous analyst Elena said on X.
The ApeChain bridges also went live on Sunday, allowing users to transfer their tokens to ApeChain and automatically earn a staking yield on APE, ETH and stablecoins. Staking refers to locking assets in a blockchain network in return for rewards. It's analogous to investing in a fixed-income instrument.
The decision to bring native staking yield to APE likely galvanized investor interest in the token, according to Markus Thielen, head of 10x Research.
"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens. This new feature reinvests rewards automatically, maximizing yield over time," Thielen said in a report to clients, explaining the catalysts for the price rally.
"The system is part of the broader ApeCoin ecosystem, which aims to enhance token utility by encouraging users to engage more actively with the token through games, staking pools, and other activities. The platform also plans to extend support to other yield-generating cryptocurrencies to attract a larger user base," Thielen added.
Over the last few months we’ve been highlighting integrations from industry leading protocols ON APECHAIN, but there’s more…
— ApeCoin (@apecoin) October 19, 2024
Our commitment to bringing distribution opportunities to the community means worldwide visibility for developers and creators in the APE ecosystem.
Another factor that may have helped the APE rally is LayerZero's launch on the ApeChain mainnet. LayerZero is an interoperability protocol that enables applications to move data across blockchains.
The APE token's integration with LayerZero's omnichain fungible token standard enables "seamless cross-chain transfers, enhancing utility across multiple blockchains while ensuring scalable and efficient transactions," LayerZero said.
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. inflation data surprises, with CPI higher by just 2.7% in November
Bitcoin rose above $88,000 on the pleasing news as forecasts had been for inflation to continue to run above 3%.
需要了解的:
- November CPI was higher by 2.7% against forecasts for 3.1%.
- The core rate fell to 2.6% versus expectations for 3%.
- Bitcoin added to early gains on the news.
