ApeChain Builds Apechain to Join the Meme Battlefield

Apecoin surged nearly 100% in a single day on October 20, as ApeCoin announced the official launch of ApeChain, an Ethereum Layer 2 built using Arbitrum Orbit.

ApeCoin rose nearly 100% in a single day on October 20, as ApeCoin announced the official launch of ApeChain, an Ethereum Layer 2 built using Arbitrum Orbit.

The highlight is that users can earn native yields and automatic compounding by transferring specific tokens such as APE, ETH, USDC, and other stablecoins to ApeChain.

This can be seen as ApeChain attracting liquidity through this model, while the official launch of Pump Fun - Ape Express on ApeChain ignites FOMO emotions on-chain.

Pump Fun has been a hit since May this year, becoming one of the top money-making projects on-chain, with various clones appearing, but none have been able to replicate the success of Pump Fun. Why is Ape Express receiving so much market attention this time? What are the key differences from previous clones? Which tokens are worth paying attention to? Finally, what data should we observe to determine whether to enter or exit ApeChain?

Let's have a look at it from the perspective of WOO X Research.

ApeChain Meme Ecological Projects

CURTIS: The leading project, conceptualized as a guiding NPC in OTHERSIDE, named CURTIS, characterized by wearing a Hawaiian shirt and a captain's hat.

Current price: 0.01318, current market cap: 13.18 million USD, historical market cap high: 28 million USD, 24-hour trading volume: 18 million USD, 24-hour decline: 6%

CIF: The first meme coin on APE Express.

Current price: 0.001909, current market cap: 1.9 million, historical market cap high: 8.5 million, 24-hour trading volume: 1.7 million USD, 24-hour decline: 65%

BORED: Conceptually refers to the meaning of Bored in BAYC.

Current price: 0.01292, current market cap: 12.92 million USD, 24-hour trading volume: 1.3 million USD, 24-hour increase: 2.4%

Is ApeChain Viable? Observe These Data

ApeChain Total Value Locked (TVL)

ApeChain TVL has risen sharply since its launch, reaching a high of 1.2 billion USD on October 24, and has since fallen back to around 800 million USD.

From the perspective of TVL, there was a wave of enthusiasm upon ApeChain's launch, which has since subsided. However, considering that Ape Express was launched on October 26, and the rules of the game stipulate that tokens cannot be withdrawn until November 2, there is still a period of time before Ape Express tokens can be observed.

ApeChain Net Deposit

ApeChain net deposits have also risen sharply since its launch, reaching a high of 450 million USD on October 24, and have since fallen back to around 250 million USD.

From the perspective of net deposits, there was indeed a wave of enthusiasm upon ApeChain's launch, which has since subsided. However, considering that Ape Express was launched on October 26, and the rules of the game stipulate that tokens cannot be withdrawn until November 2, there is still a period of time before Ape Express tokens can be observed.

ApeChain Gas Price

ApeChain gas prices have risen sharply since its launch, reaching a high of 120 Gwei on October 24, and have since fallen back to around 60 Gwei.

From the perspective of gas prices, there was indeed a wave of enthusiasm upon ApeChain's launch, which has since subsided. However, considering that Ape Express was launched on October 26, and the rules of the game stipulate that tokens cannot be withdrawn until November 2, there is still a period of time before Ape Express tokens can be observed.

ApeChain Trading Volume

ApeChain trading volume has risen sharply since its launch, reaching a high of 3.5 billion USD on October 24, and has since fallen back to around 1.5 billion USD.

From the perspective of trading volume, there was indeed a wave of enthusiasm upon ApeChain's launch, which has since subsided. However, considering that Ape Express was launched on October 26, and the rules of the game stipulate that tokens cannot be withdrawn until November 2, there is still a period of time before Ape Express tokens can be observed.

ApeChain New Addresses

ApeChain new addresses have risen sharply since its launch, reaching a high of 250,000 on October 24, and have since fallen back to around 120,000.

From the perspective of new addresses, there was indeed a wave