猿幣 (APE) 2024 年第 3 季度

ApeCoin (APE) 是一種 ERC-20 代幣，用於管理 ApeCoin DAO，包括生態系統基金分配、治理規則、合作夥伴關係等。

Key Takeaways

重點

ApeCoin’s market capitalization decreased ~17% QoQ in Q3 2024, while the token’s price dropped ~23% QoQ. Notably, the overall crypto market experienced a period of chop from Q2-Q3 2024. However, the higher drop in token price versus market capitalization can be attributed to 46.80 million APE (4.68% of the maximum token supply) being unlocked.

2024 年第三季度，ApeCoin 的市值環比下降約 17%，而代幣價格則是環比下降約 23%。值得注意的是，從2024 年第二季到第三季度，整個加密貨幣市場經歷了一段波動期。供應量的4.68%）的解鎖。

Of the 46.80 million APE unlocked in Q3 2024, 22.03 million went to the DAO Treasury, and 24.77 million went to non-DAO entities. The DAO plans to distribute or sell APE to fund select governance proposals, contingent on them successfully being passed. Alternatively, non-DAO entities can freely sell upon funds being unlocked.

在 2024 年第三季解鎖的 4,680 萬個 APE 中，2,203 萬個流入 DAO 金庫，2,477 萬個流入非 DAO 實體。 DAO 計劃分發或出售 APE，為選定的治理提案提供資金，前提是這些提案能夠成功通過。或者，非 DAO 實體可以在資金解鎖後自由出售。

As of the quarter’s end, ~72.97% of the maximum token supply (~729.71 million APE) was in circulation, up 6.84% QoQ.

截至本季末，最大代幣供應量（約 7,2,971 萬個 APE）的約 72.97% 已在流通，較上季成長 6.84%。

ApeCoin DAO began issuing staking rewards in Q4 2022 after passing AIP-21 and AIP-22, which finalized staking parameters. APE tokenholders and Yuga Labs’ ecosystem asset holders, including Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) received staking allocations.

在通過 AIP-21 和 AIP-22（最終確定了質押參數）後，ApeCoin DAO 於 2022 年第四季開始發放質押獎勵。 APE 代幣持有者和 Yuga Labs 的生態系統資產持有者，包括 Bored Ape Yacht Club (BAYC)、Mutant Ape Yacht Club (MAYC) 和 Bored Ape Kennel Club (BAKC) 獲得了質押分配。

Staking was implemented in early December 2022 and will last for three years. In total, 175.00 million APE (17.50% of the maximum token supply) are to be distributed to existing APE tokenholders and Yuga Labs’ ecosystem asset holders. Due to the emissions curve, the amount of APE claimed has decreased every quarter. In Q3 2024, ~10.79 million APE were claimed, ~10.83% less than the previous quarter. This trend will continue until December 2025.

質押於2022年12月上旬實施，持續三年。總共 1.75 億個 APE（最大代幣供應量的 17.50%）將分配給現有 APE 代幣持有者和 Yuga Labs 生態系統資產持有者。由於排放曲線的原因，APE 的申報量每季都在減少。 2024 年第三季度，約 1,079 萬 APE 被索賠，比上一季減少約 10.83%。這一趨勢將持續到2025年12月。

APE’s daily average token velocity fell from ~1.70% to ~1.55% QoQ, marking a new low. The steady decline and low volatility may indicate that existing tokenholders are actively using the asset for governance or less overall activity (e.g., trading and transfers). Compared to Q2 2024, Q3 2024 saw more pronounced spikes throughout the quarter, particularly in mid-August. These spikes suggest periods of heightened activity, potentially due to the buzz around ApeChain and other ecosystem initiatives. Token velocity could see an increase when Otherside and ApeChain launch as APE will be used in new ways.

APE 日均代幣流通速度較上月從約 1.70% 下降至約 1.55%，創下新低。穩定下降和低波動性可能表明現有代幣持有者正在積極使用該資產進行治理或減少整體活動（例如交易和轉讓）。與 2024 年第二季相比，2024 年第三季整個季度的高峰更為明顯，尤其是在 8 月中旬。這些峰值表明活動頻繁，可能是由於 ApeChain 和其他生態系統計劃引起的熱議。當 Otherside 和 ApeChain 推出時，代幣流通速度可能會有所提高，因為 APE 將以新的方式使用。

Despite the trend, ApeCoin DAO approved initiatives in Q3 2024 that should help attract new tokenholders and provide additional exposure for the ecosystem. Notably, AIP-454 allocates 100.00 million APE (~$76.00 million) to fund two initiatives that support and grow ApeChain. Other notable initiatives are highlighted in this report’s “Governance Analysis” section.

儘管有這種趨勢，ApeCoin DAO 還是在 2024 年第三季批准了一些舉措，這些舉措應該有助於吸引新的代幣持有者並為生態系統提供額外的曝光。值得注意的是，AIP-454 分配了 1 億 APE（約 7,600 萬美元）來資助兩項支持和發展 ApeChain 的計劃。本報告的「治理分析」部分重點介紹了其他值得注意的舉措。