Bored Ape NFTs Surge +300% In Daily NFT Sales After The ApeChain Network Launch

Yuga
Labs,
the
digital
asset
incubation
studio,
has
launched
its
highly
anticipated
blockchain
network,
ApeChain,
in
partnership
with
the
ApeCoin
DAO.
This
bullish
announcement
has
skyrocketed
the
trading
sales
volume
of
some
of
its
affiliated
digital
assets,
including
the
Bored
Ape
Yacht
Club
and
Mutant
Ape
Yacht
Club.
In
the
past
24
hours,
the
Bored
Ape
and
Mutant
Ape
NFT
sales
volume
surged
+300%
shortly
after
the
news
broke
out.

Source:

CryptoSlam.io,
NFT
Trading
Activity
by
Daily
Sales
Volume

Bored
Ape
NFTs
Surge
+300%
In
Daily
Sales
Volume

Data
compiled
by
CoinMarketCap.com,
the
world’s
most-referenced
price-tracking
website
for
crypto
assets
and
non-fungible
tokens
in
the
rapidly
growing
crypto
space,
shows
that
the
Bored
Ape
NFT
market
is
buzzing
with
renewed
energy.
The
launch
of
ApeChain
is
driving
this
significant
market
resurgence.
In
the
past
24
hours,
the
Bored
Ape
Yacht
Club
NFTs
have
raised
a
trading
sales
volume
of
over
600
ETH,
becoming
the
most-selling
NFT
collection.

Source:CoinMarketCap.com,
NFT
trading
activity
by
sales
volume

Launched
in
April
2021,
the
Bored
Ape
Yacht
Club
is
a
non-fungible
token
collection
from
the
digital
assets
firm
Yuga
Labs,
the
same
team
behind
the
newly
launched
ApeChain
network.
The
NFT
collection
features
a
limited
edition
of
10,000
ape
profile
pictures
hosted
on
the
Ethereum
blockchain
network.
The
Bored
Ape
Yacht
Club
NFT
has
rapidly
grown
to
become
one
of
the
most
popular
NFT
collections
in
the
NFT
market.

if
you’re
looking
to
build
on
ApeChain,
feel
free
to
reach
out.
Would
love
to
see
how
we
can
help.

Games,
NFTs,
wild
shit

Let’s
make
ApeChain
the
most
insanely
creator-focused
chain

pic.twitter.com/XrWVvhEYdd

—
Garga.eth
(Greg
Solano)
(@CryptoGarga)

October
20,
2024

Mutant
Ape
Yacht
Club,
another
non-fungible
token
collection
from
Yuga
Labs,
appears
to
have
also
reacted
to
the
recent
launch
of
the
ApeChain
network.
In
the
past
24
hours,
the
Mutant
Ape
Yacht
Club
NFT
collection
has
seen
its
trading
sales
volume
pump
up
by
1000%
to
nearly
$1
million
shortly
after
the
Apechain
announcement.
Its
NFT
floor
price
has
climbed
and
stabilized
above
2
ETH.

APECHAIN

pic.twitter.com/C7JpI7IcxH

—
beeple
(@beeple)

October
20,
2024

LayerZero
Adds
Support
For
The
New
ApeChain
Network

The
Yuga
Labs
team
launched
its
ApeChain
over
the
weekend
during
the
ApeFest2024
annual
NFT
event
in
Lisbon,
Portugal.
This
youngest
blockchain
network
on-chain
has
received
a
warm
reception
among
the
crypto
and
related
communities.
The
LayerZero
has
added
support
for
ApeChain
as
its
canonical
interoperability
provider.
The
new
ApeChain,
built
on
Arbitrum,
powers
the
ApeCoin
ecosystem
with
APE
as
its
native
gas
token.

LayerZero
is
live
on
ApeChain
mainnet
as
its
canonical
interoperability
provider!

ApeChain,
built
on

@Arbitrum,
powers
the
ApeCoin
ecosystem
with
APE
as
its
native
gas
token.
Integrated
with
LayerZero’s
OFT
standard,
APE
enables
seamless
cross-chain
transfers,
enhancing
utility…

https://t.co/wlhh8PIkQn

pic.twitter.com/vTm5NThjkZ

—
LayerZero
(@LayerZero_Core)

October
20,
2024

Under
the
new
integration,
the
new
ApeChain
anticipates
leveraging
LayerZero’s
OFT
standard
to
enable
seamless
cross-chain
transfers,
enhancing
utility
across
multiple
blockchain
networks
while
ensuring
scalable
and
efficient
transactions.
ApeChain
will
focus
on
ecosystem
discovery,
unique
Web3
features,
and
optimizing
the
user
experience
for
developers
and
users
alike.

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