Horizen Labs, Offchain Labs, and the Arbitrum Foundation Propo | Token Map

Horizen Labs, Offchain Labs, and the Arbitrum Foundation Propose Apechain Powered by Arbitrum

The Apechain proposal, spearheaded by Horizen Labs, Offchain Labs, and the Arbitrum Foundation, aims to create a dedicated chain for the APE community using Arbitrum technology. This initiative seeks to enhance the value proposition of the APE ecosystem.



Apechain as a Cornerstone of the Ape Brand

The recommendation envisions Apechain as a cornerstone of the Ape brand, with APE as its native gas token. This integration aims to extend the reach and utility of APE in the broader crypto landscape.

Strategic Focus on Gaming and User Experience

A key aspect of the Apechain vision includes a strategic focus on gaming, positioning it as a hub for next-generation consumer-facing applications and games. By ensuring low fees and fast transactions, Apechain aims to offer a better user experience.

APE Performance and Market Outlook

APE has seen fluctuations in its performance, with a 54% decrease year-to-date. However, there have been recent improvements, with a 13% rise in the past two weeks. Despite this, APE is still down 93% from its all-time high witnessed on April 28, 2023.



The proposal for Apechain powered by Arbitrum presents an exciting opportunity for the APE community, with a strategic focus on gaming and user experience. As the project develops, it will be interesting to see how Apechain enhances the value proposition of the APE ecosystem and its impact on the broader crypto landscape.