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 APE_USDT	whitebit	BB	0.1451USDT	6.85%	6,497,412.43APE	14,556	0.1358USDT	0.1490USDT
2	APE-USDT APEUSDT	binance	AA	0.1450USDT	6.85%	5,708,249.90APE	8,295	0.1356USDT	0.1489USDT
3	APE-USDT APE-USDT	okex	A	0.1447USDT	6.53%	4,527,022.17APE	13,476	0.1359USDT	0.1489USDT
4	APE-USDT APEUSDT	bybit	A	0.1449USDT	6.62%	2,596,752.56APE	6,812	0.1359USDT	0.1491USDT
5	APE-USD APE-USD	coinbase	AA	0.1447USD	6.64%	1,779,247.52APE	3,051	0.1357USD	0.1487USD
6	APE-TRY APETRY	binance	AA	7.16TRY	6.55%	1,691,071.02APE	2,013	6.72TRY	7.35TRY
7	APE-USDT APEUSDT_SPBL	bitget	BB	0.1449USDT	6.70%	983,286.95APE	6,419	0.1358USDT	0.1487USDT
8	APE-USDC APE_USDC	whitebit	BB	0.1444USDC	6.33%	896,723.62APE	1,032	0.1358USDC	0.1494USDC
9	APE-TRY APE_TRY	whitebit	BB	7.19TRY	6.65%	782,436.65APE	1,057	6.74TRY	7.35TRY
10	APE-USDT APE_USDT	gateio	A	0.1449USDT	6.70%	770,354.00APE	2,035	0.1358USDT	0.1487USDT
11	APE-EUR APE_EUR	whitebit	BB	0.1288EUR	6.36%	691,180.46APE	875	0.1211EUR	0.1323EUR
12	APE-USD APEUSD	kraken	AA	0.1447USD	6.95%	670,225.68APE	1,152	0.1353USD	0.1485USD
13	APE-USDC APEUSDC	binance	AA	0.1446USDC	6.56%	631,703.68APE	950	0.1356USDC	0.1487USDC
14	APE-EUR APEEUR	kraken	AA	0.1288EUR	6.53%	320,656.96APE	268	0.1209EUR	0.1324EUR
15	APE-USDT APE-USDT	kucoin	BB	0.1447USDT	6.40%	214,640.41APE	2,295	0.1360USDT	0.1487USDT
16	APE-BTC APE_BTC	whitebit	BB	0.0₅1760BTC	4.76%	210,781.67APE	185	0.0₅1680BTC	0.0₅1800BTC
17	APE-USD APE_USD	cryptodotcom	AA	0.1445USD	6.56%	102,396.10APE	1,470	0.1356USD	0.1485USD
18	APE-USDT APE-USDT	coinbase	AA	0.1445USDT	6.32%	76,141.37APE	108	0.1359USDT	0.1478USDT
19	APE-EUR APE-EUR	coinbase	AA	0.1294EUR	6.72%	60,884.06APE	86	0.1213EUR	0.1313EUR
20	APE-USDC APE-USDC	okex	A	0.1443USDC	6.75%	33,062.58APE	153	0.1352USDC	0.1487USDC
21	APE-USDC APEUSDC	bullish	AA	0.1343USDC	0.00%	0APE	0	0.1343USDC	0.1343USDC
22	APE-USDC APEUSDC	kraken	AA	0.1460USDC	8.63%	17,261.90APE	15	0.1344USDC	0.1460USDC
23	APE-USDT APE_USDT	cryptodotcom	AA	0.1450USDT	6.77%	17,083.60APE	696	0.1358USDT	0.1486USDT
24	APE-USDC APE-USDC	kucoin	BB	0.1454USDC	7.94%	15,608.71APE	31	0.1346USDC	0.1470USDC
25	APE-USDT APEUSDT	kraken	AA	0.1456USDT	7.22%	5,030.00APE	23	0.1358USDT	0.1487USDT
26	APE-USDC APEUSDC	bybit	A	0.1448USDC	7.07%	3,161.08APE	14	0.1352USDC	0.1478USDC
27	APE-EUR APE-EUR	okex	A	0.1306EUR	7.10%	2,187.20APE	10	0.1220EUR	0.1306EUR
28	APE-USD apeusd	bitstamp	AA	0.1510USD	0.00%	0APE	0	0.1510USD	0.1510USD
29	APE-USD apeusd	gemini	A	0.1454USD	7.62%	1,721.34APE	12	0.1351USD	0.1477USD
30	APE-TRY APE-TRY	okex	A	7.18TRY	6.88%	270.20APE	10	6.72TRY	7.27TRY
31	APE-USDT APEUSDT	cexio	BB	0.1437USDT	1.11%	168.16APE	1	0.1421USDT	0.1437USDT
32	APE-USD APEUSD	cexio	BB	0.1435USD	0.75%	126.12APE	1	0.1424USD	0.1435USD
33	APE-EUR APEEUR	cexio	BB	0.1289EUR	6.19%	115.61APE	1	0.1214EUR	0.1289EUR
34	APE-EUR apeeur	bitstamp	AA	0.1286EUR	-3.33%	45.45APE	1	0.1330EUR	0.1330EUR
35	APE-USDT APE_USDT	p2pb2b	D	0.1448USDT	6.71%	3,990,258.74APE	6,778	0.1356USDT	0.1489USDT
36	APE-USDT apeusdt	huobipro	C	0.1454USDT	6.52%	3,953,485.42APE	9,855	0.1365USDT	0.1490USDT
37	APE-USDT APE_USDT	coinw	-	0.1447USDT	6.65%	2,337,685.96APE	3,359	0.1357USDT	0.1486USDT
38	APE-TRY APETRY	btcturk	E	7.17TRY	6.38%	2,272,076.76APE	1,090	6.74TRY	7.37TRY
39	APE-XRP APEXRP	bitrue	D	0.1111XRP	4.32%	1,959,378.09APE	36,692	0.1065XRP	0.1133XRP
40	APE-USDT ape_usdt	lbank	C	0.1448USDT	6.63%	1,720,989.91APE	3,559	0.1358USDT	0.1487USDT
41	APE-USDT ape_usdt	xtpub	-	0.1449USDT	6.78%	1,711,472.83APE	3,265	0.1356USDT	0.1487USDT
42	APE-USDT APEUSDT	mexc	C	0.1448USDT	6.63%	1,221,269.06APE	9,196	0.1358USDT	0.1490USDT
43	APE-USDC sAPEUSDC	phemex	C	0.1445USDC	6.41%	1,159,443.72APE	5,489	0.1358USDC	0.1488USDC
44	APE-USDT APEUSDT	toobit	C	0.1450USDT	6.77%	1,136,887.78APE	8,645	0.1358USDT	0.1489USDT
45	APE-USDC APEUSDC	bitrue	D	0.1447USDC	6.67%	1,106,319.73APE	36,143	0.1356USDC	0.1487USDC
46	APE-TWD ape_twd	bitopro	-	4.70TWD	6.58%	920,966.04APE	11,132	4.41TWD	4.83TWD
47	APE-USDT APE_USDT	bitunix	C	0.1448USDT	6.63%	567,064.95APE	8,147	0.1358USDT	0.1487USDT
48	APE-USDT APEUSDT	latoken	D	0.1448USDT	6.54%	497,524.93APE	4,912	0.1360USDT	0.1486USDT
49	APE-USDT APE-USDT	bingx	D	0.1449USDT	7.02%	433,880.38APE	8,019	0.1354USDT	0.1484USDT
50	APE-USDT APE-USDT	bigone	-	0.1449USDT	7.02%	360,157.70APE	5,169	0.1354USDT	0.1491USDT