ApeChain, operating on Arbitrum One as a Layer 3 blockchain, recently introduced staking features for APE and ETH alongside enhanced integration with LayerZero protocol to expand token capabilities.

ApeChain Launch and ApeCoin Growth

ApeCoin (APE), associated with the Bored Ape Yacht Club, recently experienced a significant increase in value, reaching $1.5. This surge coincided with the launch of ApeChain by Yuga Labs, indicating a new phase of development for the cryptocurrency.

Staking Functionality on ApeChain

ApeChain introduced a staking feature allowing token holders to earn yield on assets such as APE, ETH, and stablecoins. This operates similarly to fixed-income investments, creating a passive income stream for token holders.

LayerZero Integration and Its Benefits

ApeChain’s integration with the external LayerZero protocol enhances APE’s functionality, facilitating secure and efficient asset transfers across various blockchains. LayerZero supports scalable and efficient transactions, which are critical for maintaining blockchain operation agility.

With the introduction of staking and LayerZero integration, ApeChain offers enhanced user capabilities, attracting a wider audience and strengthening market presence.