Question 1

What is ApeChain?

Accepted Answer

ApeChain is a dedicated blockchain infrastructure designed to support the ApeCoin (APE) ecosystem. It is built as an Arbitrum Orbit chain—making it an Optimistic Layer 3 (L3) that inherits the security and scalability of Ethereum via Arbitrum One. ApeChain aims to optimise on-chain experiences by offering fast transaction finality (0.25s block time), ultra-low gas fees, and native yield for assets. It serves as the execution layer for applications within the APE ecosystem, including decentralised applications, NFT staking, and DeFi.

ApeChain is structured to enhance developer tooling and user accessibility through features such as:

- **Native yield-bearing tokens** (e.g., apeUSD, apeETH, APE)
- **Yield modes**: automatic (EOA wallets), void (contracts), and delegate
- **Native bridging** between Ethereum and ApeChain
- **Cross-chain execution and messaging** using LayerZero and standard rollup bridges
- **Security Council governance** (currently interim, moving toward DAO-elected)
- **NFT Shadow contracts** that mirror mainnet NFT ownership on-chain

By using native APE as its gas token, ApeChain provides direct utility for ApeCoin holders. The chain supports bridging and staking mechanisms that automatically generate yield on assets deposited, including stablecoins (via sDAI), ETH (via wstETH), and APE (via ApeStake).

Question 2

What is ApeCoin (APE) token used for?

Accepted Answer

ApeCoin (APE) is the native utility and governance token of the Ape ecosystem. On ApeChain, APE is used for:

- **Gas fees**: All transactions and smart contract executions on ApeChain are paid in APE.
- **Native yield**: APE held on-chain in external owned accounts (EOAs) automatically earns yield via a rebasing mechanism.
- **Staking**: APE can be staked in dedicated NFT pools (e.g., BAYC, MAYC, BAKC) through the ApeChain staking contract. Staking rewards and native yield are mutually exclusive.
- **Delegated NFT staking**: Users can assign NFT “shadows” to another wallet for staking APE while retaining mainnet ownership.
- **Cross-chain activity**: APE is central to multi-hop bridging and execution across Ethereum, Arbitrum, and ApeChain.
- **Development incentives**: APE supports developer activities on ApeChain through ecosystem grants and toolkits.

The native yield system on ApeChain is designed to reward users for simply holding or depositing APE. Different yield modes determine how the yield is accrued (e.g., automatic for wallets, disabled for contracts, or delegated to another address). Additionally, ApeCoin is embedded into key infrastructure contracts, supporting rebasing logic, bridge mechanisms, and governance protocols.

Question 3

Who created ApeCoin (APE)?

Accepted Answer

ApeCoin was launched by the **ApeCoin DAO**, a decentralised autonomous organisation that governs the ecosystem. The token was initially proposed and launched in March 2022 by the **Ape Foundation**, with support from **Yuga Labs**, the company behind Bored Ape Yacht Club (BAYC).

While Yuga Labs played a significant early role in ecosystem development—including introducing NFT collections like BAYC, MAYC, and BAKC—the governance and direction of ApeCoin are managed by the ApeCoin DAO through community proposals and voting.

ApeChain, the chain infrastructure that powers the latest utility for APE, was developed in collaboration with partners such as **Caldera** (providing rollup-as-a-service infrastructure), **LayerZero** (for cross-chain messaging), and other contributors. Governance over core chain elements, including the security council and staking upgrades, is progressively being transferred to the ApeCoin DAO.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	APE-USDT APEUSDT	binance	AA	0.1222USDT	-0.08%	7,146,021.75APE	10,257	0.1223USDT	0.1236USDT
2	APE-USDT APE_USDT	whitebit	BB	0.1221USDT	-0.08%	5,904,773.27APE	11,821	0.1222USDT	0.1238USDT
3	APE-USDT APE-USDT	okex	A	0.1221USDT	-0.17%	3,497,996.90APE	11,745	0.1223USDT	0.1235USDT
4	APE-USD APE-USD	coinbase	AA	0.1220USD	-0.10%	2,194,237.87APE	4,256	0.1221USD	0.1233USD
5	APE-USDT APEUSDT	bybit	A	0.1221USDT	-0.16%	1,896,661.73APE	4,938	0.1223USDT	0.1235USDT
6	APE-TRY APETRY	binance	AA	6.08TRY	0.16%	1,762,308.87APE	1,732	6.07TRY	6.12TRY
7	APE-USDT APE_USDT	gateio	A	0.1223USDT	0.00%	720,979.37APE	1,056	0.1223USDT	0.1235USDT
8	APE-EUR APE_EUR	whitebit	BB	0.1095EUR	0.37%	540,359.38APE	547	0.1091EUR	0.1105EUR
9	APE-USDC APE_USDC	whitebit	BB	0.1224USDC	0.82%	527,863.89APE	530	0.1214USDC	0.1233USDC
10	APE-TRY APE_TRY	whitebit	BB	6.07TRY	-0.28%	470,453.29APE	546	6.09TRY	6.13TRY
11	APE-USDC APEUSDC	binance	AA	0.1223USDC	0.08%	388,111.22APE	497	0.1222USDC	0.1233USDC
12	APE-USDT APEUSDT_SPBL	bitget	BB	0.1222USDT	0.08%	338,177.61APE	4,029	0.1221USDT	0.1236USDT
13	APE-USDC APE-USDC	okex	A	0.1220USDC	0.06%	249,905.36APE	86	0.1220USDC	0.1230USDC
14	APE-USD APEUSD	kraken	AA	0.1223USD	0.25%	244,114.06APE	399	0.1220USD	0.1229USD
15	APE-EUR APEEUR	kraken	AA	0.1093EUR	0.46%	113,487.70APE	89	0.1088EUR	0.1100EUR
16	APE-USDT APE-USDT	kucoin	BB	0.1222USDT	-0.24%	102,910.06APE	882	0.1225USDT	0.1234USDT
17	APE-BTC APE_BTC	whitebit	BB	0.0₅1510BTC	-0.66%	78,437.48APE	74	0.0₅1520BTC	0.0₅1530BTC
18	APE-USD APE_USD	cryptodotcom	AA	0.1223USD	0.41%	58,677.80APE	511	0.1218USD	0.1231USD
19	APE-USDT APE-USDT	coinbase	AA	0.1223USDT	0.13%	40,341.03APE	48	0.1221USDT	0.1231USDT
20	APE-EUR APE-EUR	coinbase	AA	0.1094EUR	0.70%	33,792.97APE	72	0.1086EUR	0.1098EUR
21	APE-TRY APE-TRY	okex	A	6.08TRY	0.58%	25,069.93APE	150	6.05TRY	6.08TRY
22	APE-USD apeusd	bitstamp	AA	0.09990USD	0.00%	0APE	0	0.09990USD	0.09990USD
23	APE-USDC APEUSDC	bullish	AA	0.1343USDC	0.00%	0APE	0	0.1343USDC	0.1343USDC
24	APE-USDC APEUSDC	kraken	AA	0.1208USDC	-3.05%	18,237.24APE	13	0.1246USDC	0.1246USDC
25	APE-USDT APEUSDT	kraken	AA	0.1213USDT	-1.54%	11,008.11APE	19	0.1232USDT	0.1232USDT
26	APE-USDT APE_USDT	cryptodotcom	AA	0.1224USDT	-2.24%	4,906.90APE	283	0.1252USDT	0.1252USDT
27	APE-USDC APEUSDC	bybit	A	0.1207USDC	-1.57%	3,727.35APE	18	0.1226USDC	0.1230USDC
28	APE-EUR apeeur	bitstamp	AA	0.1068EUR	-1.83%	3,509.18APE	3	0.1088EUR	0.1088EUR
29	APE-USD apeusd	gemini	A	0.1193USD	-2.21%	2,864.37APE	9	0.1220USD	0.1220USD
30	APE-EUR APE-EUR	okex	A	0.1095EUR	0.00%	1,832.61APE	16	0.1095EUR	0.1096EUR
31	APE-USDC APE-USDC	kucoin	BB	0.1210USDC	-0.90%	812.25APE	13	0.1221USDC	0.1221USDC
32	APE-USD APEUSD	cexio	BB	0.1206USD	-1.45%	182.25APE	1	0.1223USD	0.1223USD
33	APE-USDT APEUSDT	cexio	BB	0.1213USDT	-1.68%	182.25APE	1	0.1234USDT	0.1234USDT
34	APE-EUR APEEUR	cexio	BB	0.1081EUR	-0.64%	157.95APE	1	0.1088EUR	0.1088EUR
35	APE-USDT APE_USDT	p2pb2b	D	0.1226USDT	0.25%	4,715,197.95APE	7,816	0.1223USDT	0.1236USDT
36	APE-USDT ape_usdt	lbank	C	0.1222USDT	-0.16%	4,354,465.13APE	84,715	0.1224USDT	0.1236USDT
37	APE-USDT apeusdt	huobipro	C	0.1221USDT	-0.33%	4,084,661.42APE	8,550	0.1225USDT	0.1276USDT
38	APE-USDT APE_USDT	coinw	-	0.1224USDT	0.08%	2,821,857.69APE	2,902	0.1223USDT	0.1234USDT
39	APE-XRP APEXRP	bitrue	D	0.09230XRP	-2.22%	2,460,083.22APE	37,833	0.09440XRP	0.09500XRP
40	APE-USDT ape_usdt	xtpub	-	0.1222USDT	-0.08%	2,090,897.56APE	2,452	0.1223USDT	0.1235USDT
41	APE-USDT APEUSDT	mexc	C	0.1224USDT	0.00%	1,602,505.03APE	6,351	0.1224USDT	0.1235USDT
42	APE-USDC sAPEUSDC	phemex	C	0.1224USDC	0.25%	1,533,099.49APE	5,687	0.1221USDC	0.1235USDC
43	APE-TRY APETRY	btcturk	E	6.09TRY	0.00%	1,502,729.38APE	824	6.09TRY	6.13TRY
44	APE-USDC APEUSDC	bitrue	D	0.1219USDC	-0.20%	1,279,128.34APE	36,808	0.1221USDC	0.1234USDC
45	APE-USDT APEUSDT	toobit	C	0.1222USDT	-0.16%	1,258,137.04APE	6,911	0.1224USDT	0.1236USDT
46	APE-USDT APE_USDT	bitunix	C	0.1223USDT	0.00%	666,076.64APE	8,094	0.1223USDT	0.1236USDT
47	APE-USDT APE-USDT	bingx	D	0.1221USDT	-0.25%	643,302.41APE	7,035	0.1224USDT	0.1232USDT
48	APE-USDT sAPEUSDT	phemex	C	0.1220USDT	-0.16%	434,304.76APE	4,675	0.1222USDT	0.1238USDT
49	APE-USDT APE-USDT	bigone	-	0.1230USDT	0.74%	437,146.43APE	5,285	0.1221USDT	0.1241USDT
50	APE-USDT ape_usdt	digifinex	D	0.1223USDT	-0.08%	401,321.00APE	2,987	0.1224USDT	0.1236USDT