ApeChain launch boosts ApeCoin by 150%, igniting excitement.

Yuga Labs has officially launched its new Layer-3 blockchain network, ApeChain, built on Arbitrum, leading to a remarkable surge in the price of ApeCoin. Following the launch, ApeCoin skyrocketed over 150%, reaching approximately $1.7. 

This surge marks a significant recovery for the token, which had been trading lower earlier in the year.

The launch of ApeChain not only enhances the scalability of Yuga Labs' ecosystem but also introduces the Ape Express platform, designed to facilitate the creation and deployment of memecoins. This new feature has generated considerable excitement within the community, allowing users to quickly launch tokens that tap into current trends and meme culture.

In just three hours after its debut, ApeChain recorded over $5 million in trading volume, showcasing strong market interest. The network's user base exploded from 83 to 3,235, indicating a rapid influx of developers and users eager to explore its capabilities.

Additionally, ApeChain offers an Automatic Yield Mode, enabling ApeCoin holders to earn passive income without active staking. This feature is expected to further increase engagement and investment in the ApeCoin ecosystem.

As Yuga Labs continues to innovate within the Web3 space, the future looks bright for both ApeChain and ApeCoin, with analysts predicting potential for further growth in the coming weeks.