ApeCoin $APE, the governance and transaction token for the Bored Ape Yacht Club ecosystem, pumped over the weekend, doubling in value to over $1.5, its highest level since April. The rally followed the launch of ApeChain, a Layer 3 network built on Arbitrum One, enabling NFT minting, trading, and dapps. ApeChain bridges went live, allowing users to stake APE, ETH, and stablecoins for automatic yield. This feature, along with LayerZero's interoperability protocol integration, boosted investor interest. The ApeCoin ecosystem aims to enhance token utility through games, staking pools, and broader yield-generating activities. Source: Coindesk
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