ApeCoin has skyrocketed a massive 40% in the past 24 hours.
ApeCoin debuted the ApeChain, a Layer 3 blockchain network.
APE is integrated with LayerZero’s OFT standard and offers fast transactions.
ApeCoin (APE), an ERC-20 governance and utility token used within the APE ecosystem, has surged 40% in the past 24 hours with the launch of ApeChain, a blockchain network built on Arbitrum technology.
Data from CoinMarketCap shows that APE has a market cap of $1.1 billion, ranking it as the 65th-largest cryptocurrency. The cryptocurrency’s trading volume reached a massive $2.2 billion, jumping 366.56% in the past 24 hours. APE also climbed 94.99% in the past week and 84.75% in the last 30 days.
ApeChain: A Layer-3 Solution for the APE Ecosystem
ApeChain serves as the foundation of the APE ecosystem, with APE as its native digital asset. APE uses LayerZero’s OFT standard, which provides “seamless cross-chain transfers, improving utility across multiple blockchains while providing scalable and efficient transactions,” LayerZero stated in an X post.
LayerZero is live on ApeChain mainnet as its canonical interoperability provider!
ApeChain, built on @Arbitru…
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