After the launch of the Orangutan Chain Network, the daily sales of Bored Orangutan NFT surged by 300

Digital asset incubation studio Yuga Labs has partnered with Apecoin DAO to officially launch the highly anticipated blockchain network ApeChain. This good news has led to a sharp increase in the transaction sales of its digital assets, including Bored Ape Yacht Club and Mutant Ape Yacht Club. In the past 24 hours, the sales of Bored Ape NFTs have rapidly increased by 300% after the announcement.
Source: CryptoSlam.io, NFT trading activity by daily sales
Bored Ape NFT sales up 300%
According to data compiled by CoinMarketCap.com, the price tracking website for the world's most referenced crypto assets and the rapidly growing crypto space of non-fungible tokens, the Bored Ape NFT market is full of new vitality. The launch of ApeChain has driven this remarkable market recovery. In the past 24 hours, the transaction sales of Bored Ape Yacht Club NFT exceeded 600ETH, making it the most sold NFT collectible.
Source: CoinMarketCap.com, NFT trading activity by sales
Bored Ape Yacht Club is a non-fungible token collectible launched in April 2021 by digital asset company Yuga Labs, the same team behind the newly launched ApeChain network. The NFT collectible hosts a limited edition series of 10,000 ape heads on the Ethereum blockchain network. The Bored Ape Yacht Club NFT quickly became one of the most popular collectibles on the NFT market.
If you are looking to develop on ApeChain, please feel free to get in touch. We’d love to see how we can help.
Games, NFTs, and crazy things
Let's make ApeChain the craziest creator chain
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– Garga.eth (Greg Solano) (@CryptoGarga)
October 20, 2024
Mutant Ape Yacht Club is another non-fungible token collectible from Yuga Labs, which also seems to be reacting to the latest launch of the ApeChain network. In the past 24 hours, the transaction sales of the Mutant Ape Yacht Club NFT collectible increased by 1000%, approaching $1 million shortly after ApeChain's announcement. Its NFT reserve price has risen and stabilized above 2ETH.
LayerZero adds support for new ApeChain network
The Yuga Labs team launched the ApeChain mainnet over the weekend during the ApeFest2024 annual NFT event in Lisbon, Portugal. This youngest on-chain blockchain network has received a warm welcome in the cryptocurrency and related communities. The LayerZero NFT marketplace has adopted the ApeChain mainnet as its canonical interoperability provider. The new ApeChain is built on Arbitrum, with APE as its native gas token, powering the ApeCoin ecosystem.
LayerZero is now live on the ApeChain mainnet as its specification interoperability provider!
ApeChain is based on @Arbitrum and uses APE as its native gas token. Integrated with LayerZero's OFT standard, APE enables seamless cross-chain transfers and enhances the practicality of multiple blockchain networks...
https://t.co/wlhh8PIkQn
pic.twitter.com/vTm5NThjkZ
– LayerZero (@LayerZero_Core)
October 20, 2024
Based on the new integration, the new ApeChain is expected to leverage LayerZero's OFT standard to achieve seamless cross-chain transfers, enhance the practicality of multiple blockchain networks, and ensure scalable and efficient transactions. ApeChain will focus on ecosystem discovery, unique Web3 features, and optimizing the user experience for developers and users.
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