@BOMBERuss 20 March 2022 more from that month

The token from the creators of the collection of non-interchangeable tokens Bored Ape Yacht Club overtook bitcoin in terms of trading volumes on the #Binance crypto exchange The #ApeCoin token (#APE) in the APE/USD pair became the most traded on the Binance crypto #exchange, overtaking the BTC/USD pair. This is signaled by the data of the CoinMarketCap resource. At the time of writing, the trading volume of APE/USDT is ~$2.6 billion. For bitcoin, this indicator is lower and is at the level of ~ $1.4 billion. In total, in terms of daily volumes, against the background of all other altcoins, the APE token broke out on the 4th line, reaching ~ $8.9 billion. The Yuga Labs token is second only to #ETH (~$13 billion), #BTC (~$30 billion) and #USDT (~$55 billion). As noted by #blockchain correspondent Colin Wu, the firm Alameda Research, part of the #FTX structure, with the help of high-frequency trading, traded over $1.8 million in the #WETH/APE trading pair on #Uniswap V3. Earlier, the creators of Bored Ape Yacht Club launched their APE token. The token is managed by the decentralized organization ApeCoin #DAO. Among the managers of ApeCoin DAO are already listed Reddit co-founder Alexis Ohanian, head of the venture department at FTX Amy Wu, head of Sound Ventures Maaria Bajwa, co-founder of Animoca Brands Yat Siu and president of #Horizon Labs Dean Steinbeck. It remains unknown by what principle the appointment was determined. It is not yet clear what exactly APE is needed for. However, Yuga Labs has already hinted that they plan to actively use the token in their #NFT ecosystem.