- ApeChain, a Layer 3 solution built on Arbitrum, is attracting users with its focus on the ApeCoin ecosystem.
- To participate, choose a wallet, acquire $APE, bridge it to ApeChain, and explore DeFi and NFTs.
- New projects and integrations are constantly expanding the ApeChain ecosystem.
ApeChain, a newly developed Layer 3 solution built on the Arbitrum network, has been breaking records by continuously onboarding users to its network. Designed to support the growth of ApeCoin ($APE) and serve as the foundation of the Ape community, ApeChain’s network has seen an impressive rise in engagement. And with recent buzz in the market and new projects launching, this is an ideal time to get acquainted with ApeChain and learn how to actively participate in its ecosystem. So, let us break down the process step by step.
Overview of ApeCoin
ApeCoin ($APE) is an ERC-20 governance and utility token central to the ApeCoin ecosystem. Developed by Yuga Labs, it empowers the decentralized community, allowing members to participate in governance and decision-making. Token holders can propose ideas, vote on proposals, and influence the ecosystem’s direction. In terms of utility, the token serves as the native gas token of ApeChain and a core asset within the Yuga Labs ecosystem.
ApeChain Wallets
To participate in the ApeChain ecosystem, the first step is selecting a suitable wallet. Here are a few standout options known for their user-friendliness and multi-chain support:
1. MetaMask:
- Available as a browser extension and as a mobile app
- Equips you with everything you need to manage your digital assets
2. Rabby:
- Offers a smooth multi-chain experience
- Available as a browser extension and as a mobile app
- Equips you with everything you need to manage your digital assets
3. Zengo
- One of the safest and most user-friendly wallets on the market
- Offers flexible and intuitive UI and prioritizes security and guaranteed recovery
- Provides a portfolio view that shows vital data about your coins
How to Add ApeChain to Your Wallet?
Once you have selected a wallet, you will need to add ApeChain as a custom network. Use the details below to manually add ApeChain to your wallet:
- Network Name: ApeChain
- Network URL: https://apechain.calderachain.xyz/http
- Chain ID: 33139
- Currency Symbol: APE
Note: $APE is the native currency used on ApeChain.
Where to Buy $APE?
Once ApeChain is added to your wallet, it is time to fund it with $APE, the primary currency for transactions. To acquire $APE, you have two main options: using a centralized exchange (CEX) or a decentralized exchange (DEX).
Centralized Exchange (CEX)
To buy and onboard $APE from a CEX, follow the general steps below, which may vary slightly depending on the Centralized Exchange (CEX) and wallet used:
- Use the “Buy” option from your CEX account.
- Select “$APE” and the amount you would like to buy.
- Head to the “Transfer” section in your CEX account.
- Choose the “Withdraw” option.
- Copy the receiving address from your non-custodial Ethereum wallet.
- Paste the wallet address in the “send to” field on your CEX account.
- Review and submit your transfer.
After completing these steps, your $APE funds should be available in your Ethereum wallet, and you will receive a notification from your CEX.
Decentralized Exchange (DEX)
To purchase $APE from a DEX, follow the general steps below, which may vary slightly depending on the decentralized Exchange (CEX) and wallet used:
- Head over to a DEX on the Ethereum network.
- Connect your non-custodial Ethereum wallet.
- Use the “Swap” option on the DEX.
- Select the asset you would like to swap to “$APE”.
- Review and complete the transaction.
- Add $APE to your wallet so you can see your balance.
After completing these steps, your $APE funds should be available in your Ethereum wallet.
Bridging $APE to ApeChain
After acquiring $APE on the Ethereum chain, bridge it over to ApeChain to interact with the ecosystem. There are several platforms that already facilitate this bridging process – ApeChain Portal, Rhino.Fi, Stargate, etc. You can choose any of these platforms or follow this step-by-step guide for detailed instructions on bridging your $APE.
How to Buy ApeChain NFTs?
With $APE in your wallet, you are now ready to dive into the ApeChain ecosystem and explore its range of DApps, including buying NFTs. Here is how to start collecting ApeChain NFTs:
- Go to Magic Eden
- Select “ApeChain” from the top navigation bar
- Connect your non-custodial ApeChain wallet
- Browse and find the NFT you’d like to purchase
- Select the NFT and click “buy”
- Review the details and confirm the transaction in your wallet
This process will finalize your purchase and add the NFT to your collection.
How to Buy Tokens on ApeChain?
When you are ready to explore the DeFi space on the ApeChain network, check out the following notable decentralized exchanges that offer a seamless trading experience:
1. CAMELOT:
- The most utilized DEX on ApeChain
- Offers the best swap rates to better your DeFi experience
- Offers a live chart of the selected pair so you can make a better decision for your trades
2. SARU:
- Native DEX designed exclusively for the ApeChain ecosystem
- User-friendly and familiar interface
- Provides deep liquidity, effortless token swaps, and strong yield-generating options
Recent Integrations and DApps on ApeChain
The ApeChain ecosystem has seen numerous integrations, including various gaming and DeFi projects. New titles like Battle Plan, Chimpers Rise of the Undead, and Mini Royale Nations are joining the platform, along with DeFi tools like Ape Express (a Pump.Fun for ApeChain), adding value to the network.
Final Thoughts
The ApeChain ecosystem is advancing quickly, with fresh integrations and innovative tools making it easier than ever for users to get involved. So, as ApeChain expands, it offers a vibrant and dynamic space for enthusiasts and investors ready to be part of its journey and future.
