How APE Activity Remains Resilient in the Face of 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 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

Blockchain research company Messari released a report on April 7th highlighting how APE activity remains resilient despite economic contraction. This article discusses the various indicators, such as token circulation speed, new holders, transfer volume, average market value, average DEX exchange size, and average independent voting, that have increased month on month. Furthermore, it analyses APE’s Fully Diluted Valuation (FDV), unlocking of non-DAO entities, assets holders and APE holders, and APE pledge.

Indicators of Resilient APE Activity

The economic contraction has affected many industries worldwide, but the APE activity has remained resilient. Messari’s report highlighted the following indicators of increased activity:
* Token circulation speed: increased by 0.9% from March to April.
* New holders: increased by 7.8% from March to April.
* Transfer volume: increased by 5.5% from March to April.
* Average market value: increased by 2.7% from March to April.
* Average DEX exchange size: increased by 4.3% from March to April.
* Average independent voting: increased by 0.4% from March to April.
These indicators are significant in demonstrating how APE activity has remained resilient despite economic contraction. Moreover, they have contributed to the increase in APE’s Fully Diluted Valuation (FDV) by 20.6% from the last quarter as mentioned in Messari’s report.

Unlocking of Non-DAO Entities

In the first quarter of 2023, over 33.2 million APEs were unlocked to non-DAO entities, despite selling pressure. However, this did not result in any abnormal price fluctuations, indicating significant selling of APEs. This behavior is intriguing and highlights how sturdy the APE activity has remained during the uncertain economic times.

Asset and APE Holders

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. Messari’s report demonstrates that the APE pledge was launched in early December 2022 and 31.4 million pieces have been pledged in the first quarter of this year.

APE Foundation and Whale Wallets

Etherscan data shows that 250 APE holders account for approximately 97.5% of the maximum APE supply. Moreover, at least 102 addresses are controlled by the APE Foundation, which controls at least 27% of the whale wallets. These remarkable statistics again indicate the strength and resiliency of the APE activity in the face of economic contraction.

Conclusion

In conclusion, Messari’s report shows that APE activity has remained resilient in the face of economic contraction. The various 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. Furthermore, unlocking of non-DAO entities, asset and APE holders, and APE pledge have contributed to the sturdy behavior of APE activity. Despite continued selling pressure, the average price of APE tokens is still 20.6% higher than the previous quarter. Finally, the statistics related to the APE Foundation and whale wallets underscore the strength and resiliency of APE activity.

FAQs

1. What is APE activity, and why is it significant?
APE (Ape Protocol) is a decentralized ecosystem allowing users to have full financial control over their assets through a secure and user-friendly interface. It is significant because it has remained resilient in the face of economic contraction, indicating the robustness of its protocol.
2. What is the APE pledge, and how is it related to APE activity?
APE pledge is related to APE activity since it has contributed to increased activity and has resulted in over 31.4 million pieces being pledged in the first quarter of this year. It is an essential initiative that enables users to secure their assets and earn additional rewards
3. What is the APE Foundation, and how does it control whale wallets?
The APE Foundation is a non-profit organization that aims to enhance the APE protocol’s stability, sustainability, and innovation power. As per Etherscan data, the APE foundation controls at least 27% of whale wallets, enabling them to steer APE activity towards continued stability and growth.