ApeCoin

ApeCoin (APE) is the native token of ApeChain, a blockchain built around the Bored Ape Yacht Club community and its related properties, including the Otherside metaverse project. It is designed to serve as both a gas token for transactions on ApeChain and a general-purpose currency for digital and real-world communities focused on gaming, NFTs, and creative culture. The project positions itself as infrastructure for builders, collectors, and gamers who participate in this ecosystem.

APE functions as the gas token on ApeChain, meaning it is spent to pay for transaction processing on that network, much as ETH is spent on Ethereum. The token exists across multiple ecosystems simultaneously, including Ethereum, Arbitrum, Solana, and others, which means it can be held and moved on chains beyond ApeChain itself. The data does not specify a consensus algorithm or block time for ApeChain, so those mechanical details cannot be described here.

Fees are generated by activity on ApeChain, with users paying APE to have their transactions processed. Over the trailing 30 days the protocol collected 15,756 USD in fees, which annualizes to approximately 191,698 USD; over the full trailing 12 months the figure was 136,857 USD. Fee volume grew 43.07 percent over the last 30 days. The market capitalization relative to those annualized fees stands at a ratio of 758.22, and total value locked on the chain is 2,904,186.85 USD against a market cap of 151,959,568 USD, giving a market-cap-to-TVL ratio of approximately 50.