ApeChain, a new Ethereum layer-2 network, was launched by the ApeCoin DAO on Sunday at ApeFest Lisbon
mainnet launch of the Bored Ape Yacht Club-aligned network came with numerous apps and games, including a meme coin launchpad, a leverage trading simulator, and other games.
launch its own chain to avoid spiking Ethereum mainnet fees
Eight months later, ApeChain is finally live with abstracted account creation, gas-sponsored transactions, and the first use of LayerZero’s Omnichain Fungible Token (OFT)—a standard that allows for tokens to be sent across multiple blockchains.
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