Wrapped ApeCoin
$0.1990
STRICT-Score
Max. Potenzial
1x
Potenzieller Ertrag
Wahrscheinlichkeit
35%
Erfolgschance
Risikoniveau
5/10
Mittleres Risiko
Marktkapitalisierung
$399.69M
Volumen
$334.77K
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
Wrapped ApeCoin (WAPE) is the native wrapped version of ApeCoin on ApeChain, the Layer-3 Arbitrum Orbit blockchain launched October 20, 2024. With a market cap of approximately $488.9 million (Q2 2025) and circulating supply tracking the 1 billion fixed APE supply, WAPE enables APE holders to interact with ApeChain DeFi protocols, NFT marketplaces, and the Otherside metaverse. The token uses the EIP-1967 Transparent Proxy pattern with the implementation contract verified on Apescan. WAPE trades at approximately $0.23, maintaining 1:1 parity with the underlying APE token. Following AIP-596 passage in June 2025, governance transitioned from ApeCoin DAO to ApeCo, a Yuga Labs entity.
Investitionsthese
WAPE represents a utility wrapper enabling APE token functionality within the ApeChain Layer-3 ecosystem rather than a distinct investment opportunity. The value proposition centers on multi-chain expansion and ecosystem utility: APE integrated with Solana, Hyperliquid, and BNB Chain in October 2025, while Arbitrum One integration completed November 28, 2025 enabling broader deposit/withdrawal options. Holders can participate in DeFi protocols like PancakeSwap V3 and Camelot V3, access NFT marketplaces, and interact with the Otherside metaverse where APE serves as primary currency for land sales and in-game purchases. NFT staking pools migrated to ApeChain April 15, 2025, opening access to U.S. users. However, investment returns entirely depend on APE price appreciation, which rose from $0.47 to $0.61 in Q2 2025 but remains 98% below its $26.70 April 2022 all-time high. The June 2025 governance overhaul to ApeCo may improve coordination efficiency. WAPE suits existing APE holders seeking ApeChain ecosystem access rather than new speculative positions.
Wettbewerbsposition
WAPE occupies a unique position as the only wrapped APE token on ApeChain, giving it monopoly status for ApeChain DeFi and NFT transactions. However, the broader competitive landscape is challenging. APE competes with established gaming tokens like IMX, GALA, and AXS which have more mature ecosystems. ApeChain itself competes with other L2/L3 gaming chains including Immutable X, Ronin, and Arbitrum gaming initiatives. The LayerZero OFT standard provides competitive bridging capabilities, but adoption remains limited compared to native chain tokens on established networks.
Fazit
Wrapped ApeCoin serves as essential infrastructure for ApeChain ecosystem participation, offering native yield and DeFi access for APE holders. However, WAPE investment prospects mirror APE fundamentals, which have significantly underperformed since launch. The token suits existing ApeCoin holders seeking ApeChain utility rather than new investors seeking alpha, given the 99% decline from ATH and nascent ecosystem state.
Stärken
- Native gas token wrapper for ApeChain L3, essential for all on-chain transactions and DeFi interactions
- Native yield mechanism offers 10-12% passive returns or 25-30% through active staking as of April 2025
- Backed 1:1 by APE with verified contract on Apescan, transparent proxy architecture allows upgrades
- Multi-chain bridging via LayerZero OFT standard enables seamless movement between Ethereum, Arbitrum, and ApeChain
- Growing ecosystem with Magic Eden NFT marketplace integration and DEX support from PancakeSwap V3, Camelot V3
Risiken
- APE underlying token down 99% from ATH of $26.70 (April 2022) to approximately $0.21, limiting WAPE upside
- ApeChain launched October 2024 with only 2 months of mainnet history, unproven long-term security
- Limited liquidity with WAPE/WETH pair on PancakeSwap V3 showing only $31,299 daily volume
- Smart contract upgradeability via transparent proxy introduces centralization and upgrade risks
- NFT market downturn has reduced BAYC/MAYC relevance, weakening core ApeCoin ecosystem demand
Kommende Katalysatoren
ApeChain ecosystem growth with new dApps and gaming launches
Zeitrahmen: Q1-Q2 2025
NFT staking migration to apechainstake.io completed
Zeitrahmen: April 2025
Major gaming or metaverse partnership announcement
Zeitrahmen: H1 2025
STRICT-Score
Bewertung: 58/100 | Potenzial: 1x
Verwandte im gleichen Sektor - Wrapped Token
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Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.