How to participate in the newly launched ApeChain, which relies on Meme coins to make a comeback?

If you have heard of the NFT "Bored Ape" (BAYC), which has long dominated the list in the last bull market, then you must be curious about ApeChain.

Last Sunday, Bored Ape Yacht Club officially announced the launch of the ApeChain mainnet, and the market responded positively, with the price of $APE soaring by more than 120% in 24 hours.

Bored Ape Yacht Club officially announced the launch of the ApeChain mainnet

01How is the performance of ApeChain online?

ApeChain is a Layer-2 network developed by ApeCoinDAO, built on Arbitrum Orbit, designed to support the ApeCoin ecosystem, mainly centered around the Bored Ape (BAYC) community.

Its features include an "automatic income mode" that allows users to hold ApeCoin and trade and provide liquidity on the chain.

Currently, ApeChain has attracted a large number of active participations from applications, games, and other projects, such as Ape Express, a meme coin issuance platform similar to Pump.fun, and Top Trader, a trading simulation game platform.

The ecological projects displayed on the ApeChain official website (https://apechain.com/)

The chain's narrative is the focus of development by Greg Solano, one of the founders of Yuga Labs, after he re-assumed the position of CEO. After the new chain started, Degen players rushed in and began to hype the new chain Meme coins. Let's take a look at Apechain's performance on the first day: 2640 tokens were created on the Ape Express platform 55 Meme coins successfully ended the internal market 7 Meme coins with a market value of over one million appeared More than 50m transaction volume This performance is still quite good. 0 2 How do new players participate in ApeChain? So do new players still have a chance now? The answer is: yes.

If new players want to enter now, the timing is not bad, because the first wave of PVP is over, and the leading Meme has been stabilized. And according to the ecological introduction of the official website, in addition to the Meme infrastructure, many games will be launched in the future.

Here is a detailed introduction on how to participate in ApeChain:

• Cross-chain:The first step to go to a new chain is definitely cross-chain. ApeChain's Gas fee coin is $Ape token. The official bridge (https://apechain.com/portal) currently supports Ethereum mainnet and Arbtrium, and can cross multiple tokens, but pay attention to wear and tear. Currently, only $Ape cross-chain is not worn out. The third-party bridge can choose Stargate, but it only supports $Ape cross-chain.

• Find Meme Coins:If it is an internal market, you can find new and valuable Meme coins on Ape Express. If Dex is already online, you can use Dexscrenner, select ApeChain, and you can see the popularity ranking of Meme coins on the current chain. It is not recommended to buy tokens with a relatively low market value.

• Swap:The current mainstream Dex is Camelot, and DYORSwap supports much fewer coins. After opening Camelot and selecting Apechain, the wallet will automatically add RPC. Select the coin you want to buy and swap it directly.

$CURTIS tokens on the trading interface of Ape Express (not recommended, just an example)

In addition to playing Meme, Top Trader (@Toptrader_xyz) in the ApeChain ecosystem is also online. This is a platform that provides trading simulation. The gameplay is actually very simple:

• Pay 10 $Ape to participate in the trading competition of the day.

• You will get 10,000U game coins at the beginning, and then go to the coins supported on the trading platform, with a minimum leverage of 100 times and a maximum leverage of 1,000 times. If you run out of game coins, you can continue to buy tickets to get new game coins.

• The top traders will share 50% of the competition prize pool.

Top Trader simulated trading interface, showing click the lower left corner to pay 10 $Ape

If you are a very good trader, you can come and try to see if you can get rewards. If you are not a very good trader, you can also participate in the airdrop.

03 Risk Warning

The rapid rise of ApeChain has attracted widespread attention from the market. Although the current market response is very positive, there is still a gap between the demand side of ApeChain and mainstream public chains such as Ethereum and Solana.

Considering factors that affect long-term development such as the number of coin holders and liquidity issues, does ApeChain have the potential to create a wealth effect? ​​Or will it gradually cool down after the explosion? We still need to remain cautious about this.