ApeCoin Soars 70% Following ApeChain Launch in Q4

ApeCoin (APE) witnessed a remarkable transformation in Q4 2024. The launch of ApeChain drove a 70.90% surge in market cap to $1.07 billion. Trading volume exploded by 250% as the ecosystem expanded.

ApeChain Launch Impact

The introduction of ApeChain marked a pivotal moment for ApeCoin. The Layer-3 blockchain built on Arbitrum’s Orbit framework addresses key scalability issues. It uses APE as its native gas token. The platform enables seamless cross-chain transfers through LayerZero integration.

Market response proved overwhelmingly positive. APE’s price jumped from $0.87 to $1.49 within 24 hours of launch. The ecosystem gained over 54,000 new tokenholders. This represents a 316.75% quarterly increase.

Ecosystem Growth

Staking rewards reached 12.16 million APE in Q4. BAYC holders claimed the largest share at 50.92%. The program incentivizes long-term holding and community participation.

DEX activity showed strong mid-tier holder engagement. Sharks (holding $1-10M in APE) contributed 59.65% of total volume. This suggests healthy distribution of trading activity.

Governance Highlights

The DAO approved several strategic initiatives:

  • DashBO: A UGC platform enabling NFT monetization
  • ApeLance: A decentralized freelance marketplace
  • Summon of Glory: A blockchain MOBA game integration
  • Community events in Paris and UK

Market Outlook

ApeChain positions APE for sustained growth in 2025. The expanded utility and cross-chain capabilities open new opportunities. The ecosystem now supports gaming, DeFi, and NFT applications.

Key growth metrics indicate strong fundamentals:

  • 69% quarterly market cap increase
  • 58.03% price growth
  • 250% surge in trading volume

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Source: Messari

Tags: #ApeCoin #ApeChain #DeFi #NFT #LayerZero