According to official information, ApeChain and its official cross-chain bridge have been launched. Users can cross-chain ETH, APE and other tokens into ApeChain.
ApeCoin stated in a post that through the Automatic Yield Mode, users holding ApeCoin on ApeChain do not need to continuously claim/stake their tokens to increase their earnings. This mode is the default mode for all EOAs, and earnings are automatically obtained in each block. Without manual intervention, the APE balance of the address will increase with the earnings obtained in each block.
In addition, the Apecoin official stated that the stablecoins cross-chained to ApeChain will be converted to DAI and deposited into sDAI, and earnings will be accumulated according to the savings interest rate of MakerDAO.
Affected by various positive news, the APE token has risen from $0.75 to a high of $1.73, and the current quote is $1.47, up more than 100% in the past 24 hours.
According to Coinglass data, in the past 24 hours, the total network APE contract liquidation was $16.14 million, of which $6.06 million was long position liquidation and $10.08 million was short position liquidation.
The total open interest of APE futures contracts on the network is 175 million APE, equivalent to $260 million, with a 24-hour increase of 352%. Among them, the open interest of the Binance APE contract is 74.04 million APE (equivalent to $109 million), ranking first, with a 24-hour increase of 387%.
