ApeCoin has made headlines due to its extraordinary price surge. In the past 24 hours, the price increased over 85%, nearing a 100% surge, driven by a series of developments redefining the token’s ecosystem.

ApeCoin as ApeChain's Native Gas Token

ApeCoin's transition to ApeChain as a native gas token is a key driver of price growth. APE is now used for transaction fees in the network, reducing Ethereum dependency and lowering transaction costs for users.

Expanding Interoperability with Omnichain

Adoption of the LayerZero Omnichain Fungible Token (OFT) standard allows ApeCoin to move seamlessly across blockchains, including ApeChain, Ethereum, and Arbitrum, increasing the token's appeal.

Passive Income Mechanism for APE Holders

The native yield feature, developed in collaboration with DecentXYZ, allows APE holders to automatically earn yield without manual staking or claiming rewards.

The launch of ApeChain, LayerZero integration, and the introduction of native yield have made ApeCoin appealing to investors, with the token becoming a vital part of the Yuga Labs ecosystem, demonstrating growth potential.