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ApeCoin Price Surges 40%: ApeChain Launch Sparks Interest

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2 hours ago

ApeCoin (APE), an ERC-20 token for the APE ecosystem, surged 40% due to the ApeChain launch, a network built on Arbitrum technology.

ApeCoin's Sudden Rise

According to CoinMarketCap, APE's market cap reached $1.1 billion, ranking it as the 65th largest cryptocurrency. Trading volume hit $2.2 billion, up 366.56% in 24 hours. The token also increased by 94.99% over the past week and 84.75% over the last 30 days.

ApeChain: A New Level for APE

ApeChain serves as the core of the APE ecosystem with APE as its native digital asset. It utilizes the LayerZero OFT standard for seamless cross-chain transfers, enhancing utility across blockchains with scalable transactions.

Integration with LayerZero

LayerZero announced in an X post about their integration on the ApeChain mainnet as the canonical interoperability provider. ApeChain's development on Arbitrum promises to broaden its capabilities.

LayerZero is live on ApeChain mainnet as its canonical interoperability provider!None

The ApeChain launch has led to a significant rise in ApeCoin's price, drawing attention to the APE ecosystem and its potential integration with innovative blockchain solutions like LayerZero.

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