• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, August 6, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

ApeCoin DAO Unveils Testnet for its Layer-2 Solution, ApeChain

16 July 2024
in News
Reading Time: 3 mins read
120 2
ApeCoin DAO Unveils Testnet for its Layer-2 Solution, ApeChain

source: crypto-economy.com

ApeChain, a Layer 2 solution developed by the ApeCoin DAO community, has launched its first testnet, dubbed Curtis.

This initiative seeks to enhance the utility of ApeCoin, particularly for enthusiasts of the Bored Ape Yacht Club (BAYC) collection.

Though no other details were revealed, Greg Solano, co-founder of Yuga Labs, the firm behind BAYC, noted that while there isn’t much to do on the testnet yet, various decentralised applications Yuga Labs has been working on will eventually run on the chain once the mainnet is operational.

In mid-February, the ApeCoin DAO community voted to develop the ApeChain network on Arbitrum, with support from Horizen Labs. The vision for the Layer 2 network was to boost the utility of the APE token and open new monetization channels. 

According to the technical roadmap, APE tokens will function as both the gas and governance tokens for the new network. The ApeCoin DAO community will have the authority to introduce additional features, facilitated by Arbitrum’s on-chain governance approach.

As part of this initiative, Horizen Labs has committed to being a long-term supporter and holder of ApeCoin. The company projected that the ApeCoin DAO could generate $7 million in annual revenue if the network processes one million transactions per day, each with a transaction fee margin of $0.02. As part of the agreement, the Arbitrum Foundation will provide grant funding to cover the expenses of the ApeChain Security Council and Block Explorer for three years.

This development comes on the heels of significant advancements in the Layer 2 space. Notably, TNA Protocol has established itself as a pioneer in the cryptocurrency sector by becoming the first naming protocol supported on a Bitcoin Layer 2 solution. This achievement, through its strategic partnership with Bitlayer Labs, positions TNA to directly support Bitlayer’s extensive network of over 150 ecosystem partners. TNA’s ability to map human-readable ‘Tapnames’ to Bitcoin-native addresses is expected to simplify transactions and enhance user interaction with the Bitcoin network. This aligns with the broader trend of Layer 2 solutions enhancing the usability and functionality of blockchain networks.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: ApeChainApeCoinLayer-2 SolutionTestnet
Share71Tweet44Share12
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

Remitly Expands into Stablecoin Payments, Targets Faster and Cheaper Global Transfers
News

Remitly Expands into Stablecoin Payments, Targets Faster and Cheaper Global Transfers

5 August 2025
Alpen Labs Launches Public Testnet, Pioneering Bitcoin’s Native Financial System
Bitcoin

Alpen Labs Launches Public Testnet, Pioneering Bitcoin’s Native Financial System

5 August 2025
White House Executive Order Targets Banks Over Alleged Political and Crypto Discrimination
Crypto

White House Executive Order Targets Banks Over Alleged Political and Crypto Discrimination

5 August 2025
Verb Technology Raises $558 Million and Rebrands as TON Strategy Co.
Blockchain

Verb Technology Raises $558 Million and Rebrands as TON Strategy Co.

5 August 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

2 days ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

4 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

4 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

5 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

6 days ago

How Coinshift Is Progressing the Stablecoin Space

7 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Dreamcash Begins Rollout of Trading Platform with Hyperliquid Integration via Waitlist Access

bychainwire
5 August 2025
0

Succinct, the First Decentralized Prover Network, Launches on Mainnet

bychainwire
5 August 2025
0

ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi

bychainwire
5 August 2025
0

Cango Inc. Announces July 2025 Bitcoin Production and Mining Operations Update

bychainwire
5 August 2025
0

Bybit Expands USDT0 Support to HyperEVM, Corn, and Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

bychainwire
4 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00