ApeChain, one of the latest Ethereum Layer 3 (L3) networks, launched last Sunday at ApeFest Lisbon, which in turn led to a temporary doubling ofthe price of ApeCoin ($APE).
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.
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