Question 1

What is ApeChain?

Accepted Answer

ApeChain is a dedicated blockchain infrastructure designed to support the ApeCoin (APE) ecosystem. It is built as an Arbitrum Orbit chain—making it an Optimistic Layer 3 (L3) that inherits the security and scalability of Ethereum via Arbitrum One. ApeChain aims to optimise on-chain experiences by offering fast transaction finality (0.25s block time), ultra-low gas fees, and native yield for assets. It serves as the execution layer for applications within the APE ecosystem, including decentralised applications, NFT staking, and DeFi.

ApeChain is structured to enhance developer tooling and user accessibility through features such as:

- **Native yield-bearing tokens** (e.g., apeUSD, apeETH, APE)
- **Yield modes**: automatic (EOA wallets), void (contracts), and delegate
- **Native bridging** between Ethereum and ApeChain
- **Cross-chain execution and messaging** using LayerZero and standard rollup bridges
- **Security Council governance** (currently interim, moving toward DAO-elected)
- **NFT Shadow contracts** that mirror mainnet NFT ownership on-chain

By using native APE as its gas token, ApeChain provides direct utility for ApeCoin holders. The chain supports bridging and staking mechanisms that automatically generate yield on assets deposited, including stablecoins (via sDAI), ETH (via wstETH), and APE (via ApeStake).

Question 2

What is ApeCoin (APE) token used for?

Accepted Answer

ApeCoin (APE) is the native utility and governance token of the Ape ecosystem. On ApeChain, APE is used for:

- **Gas fees**: All transactions and smart contract executions on ApeChain are paid in APE.
- **Native yield**: APE held on-chain in external owned accounts (EOAs) automatically earns yield via a rebasing mechanism.
- **Staking**: APE can be staked in dedicated NFT pools (e.g., BAYC, MAYC, BAKC) through the ApeChain staking contract. Staking rewards and native yield are mutually exclusive.
- **Delegated NFT staking**: Users can assign NFT “shadows” to another wallet for staking APE while retaining mainnet ownership.
- **Cross-chain activity**: APE is central to multi-hop bridging and execution across Ethereum, Arbitrum, and ApeChain.
- **Development incentives**: APE supports developer activities on ApeChain through ecosystem grants and toolkits.

The native yield system on ApeChain is designed to reward users for simply holding or depositing APE. Different yield modes determine how the yield is accrued (e.g., automatic for wallets, disabled for contracts, or delegated to another address). Additionally, ApeCoin is embedded into key infrastructure contracts, supporting rebasing logic, bridge mechanisms, and governance protocols.

Question 3

Who created ApeCoin (APE)?

Accepted Answer

ApeCoin was launched by the **ApeCoin DAO**, a decentralised autonomous organisation that governs the ecosystem. The token was initially proposed and launched in March 2022 by the **Ape Foundation**, with support from **Yuga Labs**, the company behind Bored Ape Yacht Club (BAYC).

While Yuga Labs played a significant early role in ecosystem development—including introducing NFT collections like BAYC, MAYC, and BAKC—the governance and direction of ApeCoin are managed by the ApeCoin DAO through community proposals and voting.

ApeChain, the chain infrastructure that powers the latest utility for APE, was developed in collaboration with partners such as **Caldera** (providing rollup-as-a-service infrastructure), **LayerZero** (for cross-chain messaging), and other contributors. Governance over core chain elements, including the security council and staking upgrades, is progressively being transferred to the ApeCoin DAO.

#	Instrument	Échange	Score de Référence	Prix	Variation 24h	Volume 24h	Échanges 24h	Ouverture 24h	Plus Haut 24h
1	APE-USDT APE_USDT	whitebit	BB	0.1467USDT	8.19%	8,134,883.38APE	16,854	0.1356USDT	0.1477USDT
2	APE-USDT APEUSDT	binance	AA	0.1470USDT	8.33%	7,325,975.36APE	11,589	0.1356USDT	0.1477USDT
3	APE-USDT APE-USDT	okex	A	0.1469USDT	8.22%	3,274,348.63APE	8,810	0.1357USDT	0.1477USDT
4	APE-USD APE-USD	coinbase	AA	0.1466USD	8.18%	2,433,693.12APE	2,616	0.1355USD	0.1475USD
5	APE-TRY APETRY	binance	AA	7.25TRY	8.21%	1,746,277.10APE	2,093	6.70TRY	7.28TRY
6	APE-USDT APEUSDT	bybit	A	0.1468USDT	8.13%	1,666,615.17APE	4,673	0.1357USDT	0.1477USDT
7	APE-USDT APEUSDT_SPBL	bitget	BB	0.1469USDT	8.25%	1,029,050.80APE	5,808	0.1356USDT	0.1477USDT
8	APE-USD APEUSD	kraken	AA	0.1466USD	8.11%	864,285.97APE	942	0.1356USD	0.1474USD
9	APE-USDC APE_USDC	whitebit	BB	0.1471USDC	8.72%	876,269.46APE	984	0.1353USDC	0.1477USDC
10	APE-TRY APE_TRY	whitebit	BB	7.24TRY	7.90%	702,017.88APE	935	6.71TRY	7.30TRY
11	APE-USDT APE_USDT	gateio	A	0.1468USDT	8.22%	696,498.80APE	1,819	0.1356USDT	0.1477USDT
12	APE-EUR APE_EUR	whitebit	BB	0.1306EUR	8.20%	662,181.32APE	808	0.1207EUR	0.1315EUR
13	APE-USDC APEUSDC	binance	AA	0.1467USDC	8.19%	567,230.67APE	913	0.1356USDC	0.1474USDC
14	APE-USDT APE-USDT	coinbase	AA	0.1468USDT	8.27%	392,801.12APE	382	0.1356USDT	0.1469USDT
15	APE-EUR APEEUR	kraken	AA	0.1303EUR	7.77%	275,761.75APE	218	0.1210EUR	0.1306EUR
16	APE-BTC APE_BTC	whitebit	BB	0.0₅1800BTC	7.78%	236,788.20APE	210	0.0₅1670BTC	0.0₅1810BTC
17	APE-USD APE_USD	cryptodotcom	AA	0.1465USD	8.12%	145,995.30APE	1,801	0.1355USD	0.1471USD
18	APE-USDT APE-USDT	kucoin	BB	0.1466USDT	7.95%	132,985.52APE	1,883	0.1358USDT	0.1476USDT
19	APE-EUR APE-EUR	coinbase	AA	0.1302EUR	7.78%	81,257.66APE	78	0.1208EUR	0.1315EUR
20	APE-USDC APE-USDC	okex	A	0.1471USDC	8.19%	54,999.62APE	191	0.1360USDC	0.1471USDC
21	APE-USDT APE_USDT	cryptodotcom	AA	0.1468USDT	8.02%	35,690.90APE	746	0.1359USDT	0.1472USDT
22	APE-USDC APEUSDC	bullish	AA	0.1343USDC	0.00%	0APE	0	0.1343USDC	0.1343USDC
23	APE-USD APEUSD	cexio	BB	0.1467USD	8.49%	13,231.45APE	3	0.1352USD	0.1476USD
24	APE-USDC APEUSDC	kraken	AA	0.1452USDC	6.30%	12,221.05APE	11	0.1366USDC	0.1452USDC
25	APE-USDT APEUSDT	kraken	AA	0.1411USDT	6.41%	4,903.01APE	5	0.1326USDT	0.1411USDT
26	APE-USD apeusd	gemini	A	0.1465USD	7.48%	4,078.52APE	23	0.1363USD	0.1465USD
27	APE-USDC APEUSDC	bybit	A	0.1464USDC	7.61%	3,280.17APE	45	0.1360USDC	0.1464USDC
28	APE-USDC APE-USDC	kucoin	BB	0.1467USDC	8.27%	2,607.84APE	24	0.1355USDC	0.1467USDC
29	APE-USD apeusd	bitstamp	AA	0.1510USD	0.00%	0APE	0	0.1510USD	0.1510USD
30	APE-EUR apeeur	bitstamp	AA	0.1299EUR	0.00%	0APE	0	0.1299EUR	0.1299EUR
31	APE-TRY APE-TRY	okex	A	7.27TRY	8.32%	1,510.67APE	13	6.72TRY	7.27TRY
32	APE-EUR APE-EUR	okex	A	0.1306EUR	7.10%	718.69APE	10	0.1220EUR	0.1306EUR
33	APE-USDT APEUSDT	cexio	BB	0.1438USDT	7.41%	189.18APE	1	0.1339USDT	0.1438USDT
34	APE-EUR APEEUR	cexio	BB	0.1264EUR	5.58%	178.67APE	1	0.1197EUR	0.1264EUR
35	APE-USDT APE_USDT	p2pb2b	D	0.1468USDT	8.18%	4,505,274.76APE	8,877	0.1356USDT	0.1477USDT
36	APE-USDT apeusdt	huobipro	C	0.1465USDT	7.64%	3,520,502.71APE	8,750	0.1361USDT	0.1474USDT
37	APE-USDT ape_usdt	xtpub	-	0.1469USDT	8.25%	3,038,273.78APE	4,916	0.1356USDT	0.1477USDT
38	APE-USDT APE_USDT	coinw	-	0.1467USDT	8.11%	2,749,051.26APE	3,648	0.1357USDT	0.1476USDT
39	APE-USDT ape_usdt	lbank	C	0.1467USDT	8.11%	2,312,166.18APE	3,995	0.1356USDT	0.1477USDT
40	APE-XRP APEXRP	bitrue	D	0.1094XRP	6.32%	2,257,184.55APE	37,323	0.1029XRP	0.1101XRP
41	APE-TRY APETRY	btcturk	E	7.24TRY	7.90%	1,672,638.06APE	900	6.71TRY	7.29TRY
42	APE-USDT APEUSDT	mexc	C	0.1470USDT	8.25%	1,710,837.58APE	9,789	0.1358USDT	0.1477USDT
43	APE-USDT APEUSDT	toobit	C	0.1469USDT	8.25%	1,277,601.02APE	9,008	0.1356USDT	0.1477USDT
44	APE-USDC APEUSDC	bitrue	D	0.1466USDC	8.15%	1,117,895.84APE	36,385	0.1355USDC	0.1475USDC
45	APE-USDC sAPEUSDC	phemex	C	0.1468USDC	8.42%	1,123,750.72APE	5,356	0.1354USDC	0.1477USDC
46	APE-EUR APE-EUR	bitvavo	B	0.1304EUR	7.97%	658,089.11APE	412	0.1208EUR	0.1305EUR
47	APE-USDT APE_USDT	bitunix	C	0.1469USDT	8.25%	587,935.87APE	8,027	0.1356USDT	0.1476USDT
48	APE-KRW APE_KRW	bithumbkorea	-	197.00KRW	8.24%	571,283.35APE	203	182.00KRW	197.00KRW
49	APE-TWD ape_twd	bitopro	-	4.76TWD	8.43%	542,631.02APE	7,814	4.39TWD	4.76TWD
50	APE-USDT APE-USDT	bingx	D	0.1470USDT	8.25%	529,782.24APE	7,652	0.1358USDT	0.1472USDT