ApeCoin

ApeCoin is a token designed to serve as the native currency and governance instrument for a community built around digital culture, gaming, NFT collecting, and creator activity. It is the gas token of ApeChain, a blockchain whose stated ecosystem centers on the Bored Ape Yacht Club NFT community and the Otherside metaverse project. Its stated purpose is to give builders, collectors, and community members a shared medium of exchange and coordination across both digital and physical contexts.

APE functions as the native gas token of ApeChain, meaning it is used to pay for transaction fees on that chain in the same way ETH is used on Ethereum. The data does not specify a consensus algorithm or a block time beyond the stored value of zero, so the precise validation mechanism is not confirmed here. The token also exists as a bridged or wrapped asset across several other networks including Ethereum, Arbitrum, Solana, and Polygon, meaning holders can use it in those ecosystems as well.

ApeChain collects fees from users who submit transactions on the network; over the trailing 30 days those fees totalled 13,827 USD, and annualised from that same 30-day window the figure is 168,228.50 USD. Over the trailing 24 hours the protocol collected 504 USD in fees, and over the trailing 7 days it collected 3,264 USD. Fee volume fell 2.89 percent over the last 30 days. The market-cap-to-fees ratio stands at 830.86 times annualised fees, and fee yield — annualised fees as a share of market capitalisation — is 0.12 percent, both figures reflecting a protocol that currently generates a very small fee stream relative to its market capitalisation.