đđ° ApeCoin Bridges Go Live, Bringing Yield to APE and Stablecoins
đ ApeCoin Bridges Go Live
ApeCoin has launched bridges on ApeChain, allowing users to easily migrate assets and earn native income on APE, ETH, and stablecoins. This development enhances liquidity and opens new opportunities within the ecosystem.
đŻ New Incentive Program & OFT Integration
ApeCoin is set to launch a core user reward program soon, further driving engagement. The recent integration with Layer Zero's Omnichain Fungible Token (OFT) standard allows APE to be used across multiple chains, including Ethereum and Arbitrum, boosting its utility.
đ„ ApeCoin's Expanding Role
APE now serves as a gas token for ApeChain and a voting mechanism in ApeCoin DAO, enhancing its role in Yuga Labs' ecosystem and expanding its use in decentralized apps and gaming. This positions ApeCoin as a key player in governance and utility across platforms.
đ Market Reaction
Following these updates, APE surged by 76.32% to $1.32, with daily trading volume skyrocketing by 3,600% to $1.14 billion, pushing its market cap close to $1 billion.
