Assessing Whether the Exchange’s ApeChain Integration Can Revive APE’s Popularity
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ApeChain has transitioned from the ecosystem experimental phase to exchange-level infrastructure, with native integration by a certain exchange enhancing the user experience. However, ApeCoin is facing its first major test beyond NFTs, as on-chain data shows structural stagnation. The number of daily active addresses fluctuates between 10,100 and 10,700, with daily transaction volume close to 71,400 and fees around $145, indicating stable but low usage. TVL has dropped more than 80% from its peak of $34 millions at the end of 2024, currently standing at about $4.5 millions to $5.7 millions, while the average daily trading volume on DEX is only slightly above $50,000. Although regulatory risks have been eliminated, including the conclusion of the U.S. Securities and Exchange Commission (SEC) investigation and a favorable court ruling, capital flows from exchanges and whales indicate weakened confidence, and the growth rate of new holders has slowed significantly. The key to recovery lies in decentralized applications (dApps) beyond NFTs and the revival of ecosystem demand.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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