According to official news, ApeChain and its official cross-chain bridge have been launched. Users can cross-chain tokens such as ETH and APE into ApeChain.

ApeCoin published a statement on X stating that through the Automatic Yield Mode, users holding ApeCoin on ApeChain do not need to continuously claim/stake their tokens to increase their income. This mode is the default mode for all EOAs, and each block automatically obtains income. Without the need for manual intervention, the APE balance of the address increases according to the income obtained in each block.

In addition, Apecoin officials stated that the stablecoins that cross-chain to ApeChain will be converted into DAI and deposited in sDAI, accumulating income based on MakerDAO's savings rate.

Influenced by various positive news, the APE token has risen from US$0.75 to a high of US$1.73. The current price is US$1.47, an increase of more than 100% in the past 24 hours.

According to Coinglass data, in the past 24 hours, the APE contracts on the entire network had a liquidation of US$16.14 million, of which long positions had a liquidation of US$6.06 million and short positions had a liquidation of US$10.08 million.

The total open interest of APE futures contracts on the entire network is 175 million APE, equivalent to US$260 million, with a 24-hour increase of 352%. Among them, the open interest of Binance APE contracts is 74.04 million APE (approximately US$109 million), ranking first, with a 24-hour increase of 387%.