The 24-hour increase exceeded 120%, and players who once FOMO'd into "Bored Apes" have started to speculate on ApeChain.

Written by: Viee, Core Contributor of Biteye

Edited by: Crush, Core Contributor of Biteye

If you've heard of the long-standing top NFT "Bored Ape" (BAYC) from the last bull market, you must be curious about ApeChain.

Last Sunday, the official Bored Ape Yacht Club announced the launch of the ApeChain mainnet, and the market responded positively, with the price of $APE skyrocketing over 120% within 24 hours.

Official announcement of ApeChain mainnet launch by Bored Ape Yacht Club

01 How did ApeChain perform upon launch?

ApeChain is a Layer-2 network developed by ApeCoinDAO, built on Arbitrum Orbit, aimed at supporting the ApeCoin ecosystem, primarily revolving around the Bored Ape (BAYC) community.

Its features include an "automatic yield model," allowing users to hold ApeCoin and trade and provide liquidity on-chain.

Currently, ApeChain has attracted a large number of active participants from applications, games, and other projects, such as the meme token platform Ape Express, similar to Pump.fun, and the trading simulation platform Top Trader.

Ecological projects displayed on the ApeChain official website (https://apechain.com/)

The narrative of the chain has been a key focus since one of Yuga Labs' founders, Greg Solano, resumed his role as CEO. After the new chain launched, Degen players flocked in to speculate on the new chain's meme tokens. Let's take a look at ApeChain's performance on its first day:

• 2,640 tokens were created on the Ape Express platform
• 55 meme tokens successfully completed internal trading
• 7 meme tokens with a market cap of over a million appeared
• Over 50 million in trading volume

This performance is quite impressive.

02 How can new players participate in ApeChain?

So, do new players still have a chance? The answer is: yes.

If new players want to enter now, the timing is quite good because the first wave of PVP has ended, and the leading meme tokens have stabilized. Moreover, according to the ecological introduction on the official website, in addition to meme infrastructure, many games will be launched in the future.

Here’s a detailed introduction on how to participate in ApeChain:

• Cross-chain: The first step to entering the new chain is definitely cross-chain. The gas fee token for ApeChain is $Ape. The official bridge (https://apechain.com/portal) currently supports Ethereum mainnet and Arbitrum, allowing cross-chain transactions with various tokens, but be mindful of slippage; currently, only $Ape cross-chain has no slippage. A third-party bridge option is Stargate, but it only supports $Ape cross-chain.
• Finding meme tokens: If you are looking for internal trading, you can find new valuable meme tokens on Ape Express. If they are already listed on Dex, you can use Dexscreener, select ApeChain, and see the current meme token popularity rankings on the chain. It is not recommended to buy tokens with a relatively low market cap.
• Swap: The mainstream Dex currently is Camelot, while DYORSwap supports significantly fewer tokens. Open Camelot, select ApeChain, and your wallet will automatically add RPC; then you can directly swap for the tokens you want.

The trading interface of the $CURTIS token on Ape Express (not a recommendation, just an example)

In addition to playing with memes, the Top Trader (@Toptrader_xyz) in the ApeChain ecosystem has also launched, which is a platform for trading simulations. The gameplay is quite simple:

• Pay 10 $Ape to participate in the daily trading competition.
• You will initially receive 10,000 U of game currency, and then you can trade with the supported tokens on the trading platform, with a minimum leverage of 100 times and a maximum leverage of 1,000 times. If you run out of game currency, you can continue to buy tickets to obtain new game currency.
• The top-ranked traders will share 50% of the competition prize pool.

Top Trader simulation trading interface, showing the option to pay 10 $Ape in the lower left corner

If you are a skilled trader, you can try to see if you can earn rewards; if you are not a very skilled trader, you can still participate to earn airdrops.

03 Risk Warning

The rapid rise of ApeChain has attracted widespread market attention. Although the market response is currently very positive, the demand side of ApeChain still lags behind mainstream public chains like Ethereum and Solana.

Considering factors that affect long-term development, such as the number of token holders and liquidity issues, can ApeChain truly create a wealth effect? Or will it gradually cool down after the initial hype? A cautious attitude is still necessary.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。