Some claim that ApeChain has enjoyed the natural advantage of meme traffic since its inception, while others say that Yuga ecosystem users, including BAYC holders, view money as dirt, transcend material desires, and may not be too concerned about the future development of ApeChain.
On October 20, with the launch of the ApeChain mainnet and its official cross-chain bridge on Arbitrum Orbit L3, the price of the APE token experienced a leap from $0.75 to $1.72. Although it later retreated slightly to around $1.55, the increase exceeded 100% in just over a day. At the same time, the floor prices of Yuga Labs NFT series such as BAYC and MAYC also rose. It is worth noting that according to Ember Monitoring, an address spent $1,140 to purchase CURTIS, which has now generated an unrealized profit of $1.46 million.
Admittedly, the current price of APE is still quite far from its historical high of $28. However, ApeChain has undoubtedly injected new vitality into APE. It not only serves as the native Gas token of ApeChain, but also occupies a core position in the Yuga Labs ecosystem, being used for transaction fees, ApeCoin DAO voting rights, and as a payment method for Yuga Labs games and IRL purchases.
Furthermore, through cooperation with LayerZero, APE has achieved deep integration with LayerZero's OFT standard, enabling seamless circulation between ApeChain, Ethereum, and Arbitrum. LayerZero further revealed that the ApeCoin native yield mechanism built with Decent can allow users to earn yields from their ApeCoin balances without any manual operation, while maintaining cross-chain interoperability.
However, we also notice that some meme coins on ApeChain have cooled down slightly after a brief surge, and currently only two meme coins (CURTIS and BORED) with a market capitalization exceeding $10 million are still holding on.
Dune's data even shows that on the second day after the launch of ApeChain, its asset inflow volume presented a significant downward trend. If ApeChain fails to continuously attract and retain more capital, its heat and liquidity may be difficult to sustain.
However, after exploring the ApeChain ecosystem, the author also found some relatively innovative projects, and this article summarizes 7 ApeChain ecosystem projects worth paying attention to.
ApeChain Ecosystem Projects Worth Noting
1. Ape Express
Ape Express is a Meme launch platform similar to Pump.fun. When a new token's market capitalization reaches $131,180, all liquidity from Uniswap will be deposited into Camelot and burned.
Ape Express claims that within 24 hours of its launch, the platform has created a total of 2,640 tokens, of which 55 tokens have completed Uniswap integration and generated over $50 million in trading volume on ApeChain.
In addition, Ape Express plans to launch a points reward program in the future to incentivize early adopters (including trading users and token creators). According to the official document, Ape Express will distribute FUCKIT tokens to participating users based on their points at the end of each week. Currently, there is no information available about the FUCKIT token.
Ape Express also brings a benefit to Bored Ape or Mutant NFT holders, as tokens on its platform can airdrop Meme tokens to NFT holders.
https://ape.express/
2. Camelot
Camelot is the first DEX to support Ape Express. Camelot has previously supported Arbitrum and multiple L2 and L3 networks based on Arbitrum. The current circulating market capitalization of the Camelot token is $17 million, with an FDV of $75 million.
3. Saru
The Ape Express website shows that Saru and Camelot are the first exchanges supported on Ape Express, but Saru has not yet launched. However, according to Saru's official information, Saru is an ApeCoin native crypto trading protocol supported by Sushi Labs.
https://x.com/saru_ex
4. Top Trader
Top Trader is a trading simulation game platform that currently hosts a daily tournament. Users need to deposit 10 APE as an entry fee, and these APE will be pooled as rewards for users using leverage. Participating users will initially receive 10,000 in-game simulated trading currency USDN. On the Top Trader platform, users can choose a minimum leverage of 100x and a maximum of 1,000x, and all trades are simulated, with the maximum loss limited to the 10 APE entry fee.
In addition, to enhance the user experience, Top Trader uses Yuga ID (supported by Privy) to abstract all on-chain activities.
https://x.com/toptrader_xyz
5. Ape Names
Ape Names will be launched by D3 on October 22 at 22:00. D3 is a new-generation identity company focused on bridging the gap between traditional internet infrastructure and Web3, and plans to apply for the .APE TLD (top-level domain), initially supporting the minting and trading of domain names on ApeChain.
In a forum proposal, a D3 team member stated that D3 intends to provide each BAYC and MAYC NFT holder with a related APE domain name (e.g. MACHI*APE, 7065*APE). Members of the ApeCoin community will have priority to register other *APE domains before they are made available to the public. D3 has committed to returning 50% of the total revenue generated to the ApeCoin DAO.
However, it is worth noting that applying for a TLD top-level domain is not an easy task. No entity or individual can directly own a TLD. ICANN grants the exclusive right to operate and profit from each TLD to specific organizations through contracts, and these TLD authorization contracts are automatically renewed every 10 years. D3 states that the upcoming ICANN application round may open as early as 2025.
6. BattlePlan
A fighting game launched on ApeChain by Pixel Vault.
https://enterthevault.app/
7. Rise of the Undead
A game launched by the NFT series Chimpers.
https://enterthevault.app/chimpers/play
Appendix: Interacting with ApeChain
1. Purchase APE on a CEX on Ethereum, and cross-chain the APE to ApeChain via the official cross-chain bridge, or through Stargate.
2. After connecting your wallet, MetaMask will prompt to add the network, or you can manually add it:
Using a compatible wallet like MetaMask, add ApeChain as a custom network, or you can add it manually.
Network Name: ApeChain
Network URL: https://apechain.calderachain.xyz/http
Chain ID: 33139
Currency Symbol: APE
3. Explore the ApeChain ecosystem meme data on DEX Screener or Ape Express: https://dexscreener.com/apechain
4. Explore the ApeChain ecosystem applications mentioned above.
