1 year ago, ApeChain went live during ApeFest 2024
Here’s what happened after:
- $APE went up from $0.6 to almost $2
- New memecoins were launched
- New NFTs were minting out daily
It was a euphoric time. $APE was back. NFTs were also back
Where’s ApeChain now?
- $7.43Mn TVL. For comparison, ApeChain crossed $35Mn within first 48hrs since launch
- 76K tx over the last 24hrs. Its peak was over 1Mn transaction in a day a few days after launch
- NFT communities still thriving but memecoins, not as much or not at all
- a number of ApeChain NFT communities now have avatars in Otherside
A lot of people here may consider ApeChain a dead chain but I wouldn’t say that for 2 key reasons:
1️⃣ Otherside - Otherside has been steadily developing and has onboarded almost 30 NFT communities as avatars in there
And this is despite Yuga not yet doing much marketing for Otherside
If Yuga turns Otherside on and adds its marketing machinery for it, then we might see more onboarding via Otherside
And yes, Otherside is on ApeChain
2️⃣ ApeCo Partnerships - ApeCo has just been formed recently and I’ve been seeing them cooking partnerships in the back
While I can’t tell you much rn, I can say that they are focused on onboarding culture, streetwear, fashion, sports, & live events onchain
ComplexCon is a prime example of this
These are 2 big ticket potential drivers for ApeChain that I’m apeish about
However, I hope that life can be brought back to ApeChain trenches soon
Maybe ApeFest will do that just as it did last year 🤔

16.88K
275
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.