Rise of the ApeChain

Sponsor: Uniswap Extension — Say goodbye to pop-ups. Download today.

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.

In other words? It's pretty slick! But it's also a very degen environment at the moment.

In the wake of the network's launch, we've seen a fresh wave of apps arrive on the L3 like Ape Express, a token launchpad similar to Pump.fun, and Top Trader, a trade simulator platform.

Will ApeChain continue to attract coins and NFTs from beyond the BAYC ecosystem? Only time will tell. For now, though, it’s clearly a high-risk, high-reward opportunity for those looking to explore new ventures.

📰 General news

• dGEN1 is now mintable on Arbitrum, OP Mainnet, and Polygon, in addition to Ethereum and Base.
• Magic Eden launched support for ApeChain and is preparing to launch its $TestME token later this month
• Pump.fun added the ability to tokenize videos
  

🎨 Cryptoart & music

• Rodeo added a one-tap collect button

🏆 Digital collectibles

• ApeChain supports BAYC and MAYC bridging
• Azuki released its Episode 2: Fractured Reflections Teaser
• Chonks delayed its mint to November 2024
• Pudgy Penguins welcomed its trading card game on eBay
• Satflow, a new pro platform for Ordinals and Runes trading, launched

🎮 Decentralized gaming

• Fren Pet unveiled 30-day badges and quests
• Kamigotchi starts its Testnet 2 activation tomorrow
• Off the Grid hit a peak of +850k daily active addresses
• Wayfinder is conducting its closed alpha next week

📱 Onchain social

• Drakula is running weekly memecoin airdrops
• Foundation pivoted their Instagram to Rodeo account information
• Zora reached 4.5 million mints in October 2024

🪙 NFTfi 

• GONDI facilitated a 500k USDC loan for Autoglyph #149
• Uniswap integrated Across Protocol for in-app bridging.

🌐 Virtual Worlds

• Decentraland announced its Music Festival 2024 lineup
• Nifty Island unveiled new quests and its final Bloom Gacha reveal

Say hello to the Uniswap Extension, the first wallet to live in your browser’s sidebar. Swap, sign, send, and receive crypto anywhere on the web without dealing with pop-ups. Designed for a multi-chain world, with support for 11+ networks.

• 😎 Nouns 101 - Chris Carella
• 👾 Tales from the Front Lines - Matt Dion
• ⚖️ DUNA't Sleep on This - Nounsletter
• 🤖 AI Memecoins and Stickers - Maria Paula