$APEX
We talked about this before, mainly from the perspective of pushing Mantle from Bybit. Now we can discuss the impact of product revenue on coin prices.
Currently, Apex has launched a trading volume incentive program. Looking at the DeFillama perpdex trading volume rankings, Apex's 7-day trading volume ranking has already jumped to fourth place. With the rollout of the incentive program (Apex stated from the beginning that a fixed number of Ape Points would be distributed weekly for three months), its trading volume could potentially flip edgeX, Lighter, and Hyperliquid.
This also leads to another point: its fee revenue will also rise accordingly (currently, DeFillama has not tracked this yet). At present, 50% of the fees will be used for buybacks, and this proportion will increase in the future. I believe that the price of $APEX is still profitable right now.
One thing to note is that from its description, I think these buybacks should occur in real-time daily (they have not started yet). But if it’s not this kind of buyback method, then it could be quite troublesome. Now we need to see the buyback time, method, and frequency for that address.
trading the revenue meta gaming.
It is evident that Apex has made targeted adjustments to address the issues that arose with Aster.
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