ApeCoin surges 100% following ApeChain mainnet launch

ApeCoin (APE) surged to over $1.5, its highest since April, following the launch of the ApeChain mainnet, according to CoinDesk. The much-anticipated blockchain network, developed by Yuga Labs, introduced native staking yield, allowing APE holders to passively earn returns on APE, Ether and stablecoins. The rally was further boosted by LayerZero's integration, enabling cross-chain transfers and enhanced utility across blockchains.