GOING $APE: ApeChain Surpasses $100 Million Dollars In Bridged Assets! Find Out More:

The Ape ecosystem celebrated a massive on-chain milestone on Saturday, surpassing $100 million in bridged assets!

Despite being just a month and a half old, ApeChain is anything but boring, with its thriving NFT community, native yield mechanisms, memecoins, and games, all quickly gaining traction in the Web3 world.

With all this activity, users have been bridging their assets en masse, and ApeChain just surpassed $100 million in Total Value Locked, solidifying its position among the top blockchain ecosystems.

For context, Optimism holds $88.5 million, and Ronin has $173 million in TVL, respectively, according to WhatToFarm.io.

 

“$100 MILLION TVL ON APECHAIN. Higher,” ApeCoin tweeted. “Bridged TVL measures the total asset value bridged to ApeChain. Find the most recent ApeChain stats using @CryptoFrostyz's dashboard, here: https://apectrl.com/bridged-assets.”

 

 "Higher for longer and decisively," BAYC member and Ape Express Founder Koko tweeted after the announcement.

The uptick in TVL on ApeChain was driven by the token’s recent decision to close its $APE-only staking pool on Ethereum and redirect the remaining rewards to $APE holders who bring their assets to ApeChain.

Of the $100 million-plus in assets on ApeChain, $97 million is in ApeCoin, $2 million is in ETH, and another $4.93 million is in USD, according to CryptoFrosty’s Dashboard.

 

$Apes who are interested in bridging their assetas to ApeChain can do so via the ApeChain portal or through the Relay bridge.

 

The Bored Ape Gazette will continue to follow the TVL of ApeChain and will let you know when the ecosystem crosses the $200 million milestone. Stay tuned for updates!