#Blockchain Research Company Messari Reports Resilient APE Activity Despite Economic Contraction
On April 7th, blockchain research company Messari released a report stating that in the face of economic contraction, APE activity remains resilient. Indicators such as token circu
On April 7th, blockchain research company Messari released a report stating that in the face of economic contraction, APE activity remains resilient. Indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting all increased month on month. Compared to the previous quarter, APE’s fully diluted valuation (FDV) increased by 20.6% in the first quarter of 2023. In the first quarter of 2023, over 33.2 million APEs were unlocked to non DAO entities, despite selling pressure, which did not result in any abnormal price fluctuations indicating significant selling of APEs. Yuga ecosystem asset holders and APE holders have claimed over 31.4 million APEs. Despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. The APE pledge was launched in early December 2022, and 31.4 million pieces have been pledged in the first quarter of this year. Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply, with at least 102 addresses controlled by the APE Foundation, which controls at least 27% of the Whale Wallets.
Messari: Over 33.2 million APEs were unlocked to non DAO entities in the first quarter of 2023, without any abnormal price fluctuations
Table of Contents
1. Introduction
2. Resilience of APE Activity Despite Economic Contraction
3. APE Activity Indicators
4. FDV Increase and APE Token Unlocking
5. Yuga Ecosystem and APE Pledge
6. APE Token Holders
7. Conclusion
8. FAQs
Introduction
On April 7th, 2023, Messari, a blockchain research company, released a report on APE activity in the face of economic contraction. The report indicated that despite economic contraction, APE activity remained resilient. The following article provides the details of the report.
Resilience of APE Activity Despite Economic Contraction
According to Messari, APE activity remained resilient amidst economic contraction. Despite market uncertainty caused by the economic downturn, indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting increased month on month. These statistics signify a strong demand for APE tokens, irrespective of economic pressures.
APE Activity Indicators
Messari’s report showed that in the first quarter of 2023, APE’s fully diluted valuation (FDV) increased by 20.6% compared to the previous quarter. Despite this increase in market value, over 33.2 million APEs were unlocked to non DAO entities. Remarkably, selling pressure did not result in any abnormal price fluctuations. This signifies that APE token holders did not dump their APE tokens despite the unlocking of previously locked tokens.
FDV Increase and APE Token Unlocking
The report also noted that despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. Furthermore, the APE pledge was launched in early December 2022, and 31.4 million pieces have been pledged by the end of the first quarter of 2023. This shows that APE holders are confident about the future prospects of the APE ecosystem.
Yuga Ecosystem and APE Pledge
Yuga Ecosystem, a consortium of blockchain startups, has claimed over 31.4 million APEs. This signifies a significant adoption rate outside of the DAO ecosystem. The APE pledge has increased interest in the APE ecosystem, with over 31.4 million pieces pledged by the end of the first quarter of 2023. This is good news for APE token holders and subscribers, who believe in the long-term potential of the APE ecosystem.
APE Token Holders
According to Etherscan data, 250 APE holders account for approximately 97.5% of the maximum APE supply. Out of these 250 APE token holders, at least 102 addresses are controlled by the APE Foundation, which controls at least 27% of the Whale Wallets. This shows a concentration of APE tokens among a small group of investors with strategic interests in the APE ecosystem.
Conclusion
The Messari report indicates that despite economic uncertainties, APE activity has remained resilient. Indicators such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting have all increased month on month. Despite selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. The APE pledge has increased interest in the APE ecosystem, with over 31.4 million pieces pledged in the first quarter of 2023.
FAQs
1. What is the APE pledge?
The APE pledge is an initiative launched by the APE ecosystem to increase interest in the ecosystem. It allows users to pledge their APE tokens towards the growth and development of the ecosystem.
2. What is the significance of the FDV increase?
The FDV increase indicates that the market values the APE ecosystem, and investors are willing to hold APE tokens long-term.
3. Who controls the APE tokens?
Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply. At least 102 addresses are controlled by the APE Foundation, which controls at least 27% of the Whale Wallets.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/13945.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Former FTX Engineering Director Accused of Fraud by SEC and CFTC
On March 2, the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) made the latest allegations against …
-
Dubai’s DMCC partners with South Korean Metaspace to promote Web3 expansion globally
According to reports, sources have revealed that the Dubai Multi Commodities Center (DMCC) recently announced the signing of two memorandums of understanding with a South Korean Metaspace platform, planning to establish a partnership to promote the expansion of the United Arab Emirates’ Web3 business globally. DMCC was established in 2002 as the largest free trade zone in the United Arab Emirates; In 2021, the government launched the DMCC Encryption Center, which is an integrated ecosystem for enterprises in the encryption and blockchain fields. Data shows that the United Arab Emirates is the most concerned encryption country among all Middle East and North African countries. （news.todayq） DMCC of the United Arab Emirates cooperates with Won Universe of Korea Analysis based on this information:The Dubai Multi Commodities Center (DMCC) recently announced a partnership with a South Korean Metaspace platform to promote the expansion of the United Arab Emirates’ Web3 business globally. The DMCC, established in 2002 as the largest free trade zone…
-
The three major US stock indices collectively closed higher
According to reports, the three major US stock indices collectively closed higher, with the Dow up 0.81%, the Nasdaq up 0.69%, the S&P 500 up 0.83%, and most popular technology sto
-
BitKeep Wallet Responds to Hacking Incident with Fund Compensation
On March 1, BitKeep Wallet announced that in response to the previous 729 APK installation package hijacked by hackers, which led to the theft of some users\’ f…
-
The Rise of Cryptocurrency in India: A Look at the Future
According to a recent report from Statista, India\’s cryptocurrency community may surge to more than 156 million members by the end of this year, with more than 11% of the populatio
-
Why Governor Ron DeSantis Opposes Central Bank Digital Currency (CBDC)?
According to reports, economist Paul Krugman questioned in a recent review article why Florida Governor Ron DeSantis opposes the Central Bank Digital Currency (CBDC). Krugman belie
-
XP Foundry to Enhance Mobile Game Experience with ImmutableX
On February 13, the Web3 game studio XP Foundry moved the on-chain assets of its mobile game Rooniverse from Solana to ImmutableX. Rooniverse\’s open alpha test…
-
Lido Announces Launch of Ethereum Protocol V2 Upgrade on Goerli Test Network
It is reported that Lido has released an update on the upgrade of its Ethereum protocol V2, indicating that Lido V2 will be launched on the Goerli test network next week. After about 4 weeks of testing, Lido on the main Ethereum website is expected to be upgraded to V2 in mid May. Lido expects to upgrade its main network in mid May Analysis based on this information:Lido, a leading Ethereum-based decentralized finance platform, has made an announcement about the upgrade of its Ethereum protocol V2. According to reports, Lido V2 will be launched on the Goerli test network next week, following about four weeks of testing. Following successful testing, the upgraded Lido will be rolled out on the main Ethereum website in mid-May. The release of the upgraded protocol V2 is significant for Lido’s users as it aims to increase the platform’s efficiency and provide better opportunities for staking rewards. The announcement by Lido comes at a time when…
-
The Federal Reserve Likely to Raise Interest Rates in March
It is reported that the rate swap of the Federal Reserve shows that the probability of the Federal Reserve raising interest rates by 25 basis points in March is stable at about 80%. The Federal Reserve’s interest rate swap shows that the probability of the Federal Reserve raising interest rates by 25 basis points in March is stable at about 80% Analysis based on this information:The Federal Reserve’s economic policy decisions are important indicators of the health of the American economy. Interest rates affect borrowing behavior, investment activity, and consumer spending, all of which are crucial dynamics for a sustained economic growth. The latest report on the rate swap of the Federal Reserve suggests that the probability of the central bank raising interest rates in March is stable at about 80%. This message can be interpreted in several ways, shedding light on the Fed’s priorities and the economic outlook for the near future. One way to interpret the message is…
-
Pearl Protocol Completes $1.25 Million Seed Round Financing
On April 14th, it was reported that the Chain Derivatives Agreement Pearl Protocol completed a seed round financing of $1.25 million, with participation from Flow Ventures, RNR Cap