January at ApeX has been an exhilarating month filled with groundbreaking achievements and exciting developments. From a monumental surge in $APEX token value to strategic tokenomics upgrades and thrilling new trading features, here’s a recap of the milestones that set the stage for an incredible year ahead.
1. $APEX Token Hits All-Time Highs in Value and Trading Volume
January saw $APEX surge by 768.63%, marking an unprecedented rise in token value. This remarkable growth reflects the unwavering trust and support of the ApeX community.
On January 12, ApeX achieved another historic milestone: $621.82M in 24-hour trading volume, setting a new platform record. This accomplishment underscores ApeX’s rapid growth and the active engagement of traders worldwide.
👉 Discover how $APEX is transforming decentralized trading
2. Tokenomics Overhaul: Greater Scarcity, Enhanced Rewards
ApeX has taken decisive steps to revamp $APEX tokenomics, starting with a **50% reduction in total token supply**—from 1 billion to 500 million tokens. The first burn event on January 18 reduced the supply to **850 million $APEX**, with additional burns planned in upcoming quarters.
Key Enhancements:
- New Liquidity Pools: APEX-ETH pools on Camelot (Arbitrum) and AGNI (Mantle) enable yield farming with dual rewards ($APEX + partner DEX tokens).
- Staking Upgrades: An optional lock-in feature for long-term stakers will amplify earnings through higher yields.
These changes aim to boost token utility, scarcity, and community benefits.
3. Trade-to-Earn Round 2: Bigger Rewards, New $BANANA Token
Trade-to-Earn Round 2 launched on January 22 with major upgrades:
- **$BANANA Token**: Earned by trading USDT perpetual contracts, backed by 10M locked $APEX.
- Bi-Weekly Rewards: Expanded prize pools and potential airdrops for active traders.
This program reinforces ApeX’s commitment to rewarding user participation.
4. Six New USDT Perpetual Markets Launched
ApeX expanded its trading pairs with six new markets:
- STX, BIGTIME, MEME, PYTH, FET (25x leverage)
- ETH (50x leverage)
👉 Explore high-leverage trading opportunities
Coming Soon: 11 additional perpetual markets in mid-February!
5. $APEX Listed on MEXC Exchange
$APEX debuted on MEXC, its first centralized exchange listing, broadening accessibility. More exchange integrations are planned—stay tuned!
6. Coin98 Wallet Integration
ApeX added Coin98 Wallet support, offering users another secure option for cross-chain transactions.
7. Upcoming: Lunar Dragon Chase Competition
Kicking off February 5, the ApeX Lunar Dragon Chase invites traders to:
- Compete for a 100,000 USDC prize pool
- Mint 7 Dragon Ball NFTs by achieving trading milestones
- Earn free mints via social campaigns and bonuses
Learn more about this thrilling event.
FAQs
Q: How does the $APEX token burn work?
A: ApeX reduces supply by periodically burning tokens. The first burn cut 150M $APEX; future burns will continue until 500M tokens remain.
Q: What’s the benefit of staking $APEX?
A: Stakers earn weekly USDC yields and will soon access higher rewards via lock-in options.
Q: How do I earn $BANANA tokens?
A: Trade USDT perpetual contracts in Trade-to-Earn Round 2 to accumulate $BANANA rewards.
Final Thoughts
January’s achievements highlight ApeX’s momentum as a leading DEX. With a stronger tokenomics model, innovative trading programs, and community-centric upgrades, ApeX is poised for even greater success in 2024.
Join the journey: Follow the ApeX Blog for updates!
Happy Lunar New Year! May the Year of the Dragon bring prosperity to all ApeXers.