On Monday (October 21), the Bored Ape (BAYC) non-fungible token (NFT) series rose across the board, with the BAYC floor price currently reported at 13.2 ETH, a single-day increase of 21%. Its Web3 parent company Yuga Labs announced the official launch of the Ape Chain public chain, stimulating a nearly 60% surge in the APE token.
Yuga Labs has officially launched a Layer2 blockchain based on Ethereum, called ApeChain. In order to directly and comprehensively improve the user experience, the company also launched ApeChain's cross-chain bridge Ape Portal, allowing users to easily realize cross-chain transactions.
The launch is not limited to the launch of ApeChain, but also includes a strategic partnership with Wire Network, a general infrastructure designed for the artificial intelligence (AI) agent economy. This collaboration aims to open up new areas in the future where AI agents can perform complex tasks on behalf of humans. This will provide creators with more tools to help them interact with fans more efficiently and commercially.
“By combining our scalable, next-generation blockchain infrastructure with the creative and cultural influence of Yuga Labs, we are opening up new possibilities for AI-agent interactions,” the company said.
According to data provided by the ApeChain browser, the public chain has completed more than 1.09 million transactions within 12 hours of its launch, and the cumulative transaction volume has exceeded 25 million US dollars. In a short period of time, it has attracted a lot of community attention.
In order to seize the meme coin craze in the market, ApeChain quickly launched the Ape Express platform, a one-click coin issuance platform supported by ApeCoin.
The official team stated on Twitter that Ape Express is regarded as the on-chain version of pump.fun on ApeChain. Its purpose is to allow users to publish a meme coin within one minute, greatly simplifying the coin issuance process and lowering the threshold for coin issuance.
As attention gradually returned to Yuga Labs, its token APE also soared by nearly 60%, closing at $1.40 in the Asian market on Monday.
With the major announcement of Yuga Labs, according to the latest market data provided by Blur, the floor price of Yuga Labs' NFT series has rebounded significantly in the past 24 hours, and market demand has increased.
According to data from OpenSea, a large NFT trading platform, the floor price of BAYC NFT soared 21% in a single day, reaching a high of 14.69 ETH over the weekend.
The floor price refers to the cheapest NFT price in an entire collection of collectibles, which is regarded as an important indicator for assessing the dynamics of the NFT market and a reference point for traders to bid.
These data show that the market popularity of Yuga Labs series NFT has rebounded. With the launch of ApeChain and other new features, the community and investors have regained interest in the brand ecosystem. How long the APE craze can last is worth the market's continued focus.
