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ApeChain, one of the latest Ethereum Layer 3 (L3) networks, launched last Sunday at ApeFest Lisbon, which in turn led to a temporary doubling of the price of ApeCoin ($APE).

Powered by Arbitrum’s Orbit L2 stack, ApeChain offers gas-sponsored transactions, abstracted accounts, and LayerZero’s Omnichain Fungible Token standard, enabling cross-chain transfers.

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