猿币 (APE) 2024 年第 3 季度

ApeCoin (APE) 是一种 ERC-20 代币，用于管理 ApeCoin DAO，包括生态系统基金分配、治理规则、合作伙伴关系等。

Key Takeaways

要点

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 的市值环比下降约 17%，而代币价格环比下降约 23%。值得注意的是，从 2024 年第二季度到第三季度，整个加密货币市场经历了一段波动期。然而，代币价格相对于市值的较大跌幅可归因于 4680 万个 APE（最大代币供应量的 4.68%）的解锁。

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 年第三季度解锁的 4680 万个 APE 中，2203 万个流入 DAO 金库，2477 万个流入非 DAO 实体。 DAO 计划分发或出售 APE，为选定的治理提案提供资金，前提是这些提案能够成功通过。或者，非 DAO 实体可以在资金解锁后自由出售。

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

截至本季度末，最大代币供应量（约 72971 万个 APE）的约 72.97% 已在流通，环比增长 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.

在通过 AIP-21 和 AIP-22（最终确定了质押参数）后，ApeCoin DAO 于 2022 年第四季度开始发放质押奖励。 APE 代币持有者和 Yuga Labs 的生态系统资产持有者，包括 Bored Ape Yacht Club (BAYC)、Mutant Ape Yacht Club (MAYC) 和 Bored Ape Kennel Club (BAKC) 获得了质押分配。

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.

质押于2022年12月上旬实施，持续三年。总共 1.75 亿个 APE（最大代币供应量的 17.50%）将分配给现有 APE 代币持有者和 Yuga Labs 生态系统资产持有者。由于排放曲线的原因，APE 的申报量每个季度都在减少。 2024 年第三季度，APE 索赔额约为 1079 万，比上一季度减少约 10.83%。这一趋势将持续到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 日均代币流通速度环比从约 1.70% 下降至约 1.55%，创下新低。稳步下降和低波动性可能表明现有代币持有者正在积极使用该资产进行治理或减少总体活动（例如交易和转让）。与 2024 年第二季度相比，2024 年第三季度整个季度的峰值更为明显，尤其是在 8 月中旬。这些峰值表明活动频繁，可能是由于 ApeChain 和其他生态系统计划引起的热议。当 Otherside 和 ApeChain 推出时，代币流通速度可能会有所提高，因为 APE 将以新的方式使用。

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.

尽管存在这种趋势，ApeCoin DAO 在 2024 年第三季度批准了一些举措，这应该有助于吸引新的代币持有者并为生态系统提供额外的曝光度。值得注意的是，AIP-454 分配了 1 亿 APE（约合 7600 万美元）来​​资助两项支持和发展 ApeChain 的计划。本报告的“治理分析”部分重点介绍了其他值得注意的举措。