ApeX 

APEX Price

What is the ApeX Protocol (APEX) token?

ApeX Protocol is a decentralized, non-custodial perpetual derivatives and spot trading platform launched in 2022, incubated by Davion Labs. The flagship product ApeX Omni launched in June 2024 as a modular, chain-agnostic exchange built with zkLink, aggregating multichain liquidity under zk security. ApeX Protocol offers perpetual swaps up to 100x leverage, spot swaps, tokenized stocks, vaults, and prediction markets. APEX is the protocol's governance and utility token, classified under Perpetual, Protocol, and Derivatives.

Which utilities does the APEX token have?

APEX is the governance and utility token of ApeX Protocol. APEX holders vote on protocol governance and stake for rewards through two locked forms: esAPEX, which vests to APEX over 6 months, and veAPEX. APEX also funds liquidity-mining and participation rewards and grants VIP trading-fee discounts. ApeX Protocol runs a separate buyback program — trading-fee revenue funds open-market APEX repurchases, and repurchased tokens are sent to a public on-chain address and locked for 3 years, not burned.

How does ApeX Protocol's APEX token burn and buyback work?

ApeX Protocol operates two distinct mechanisms. The completed 2024 burn permanently destroyed roughly half of APEX supply, cutting the original 1,000,000,000 ceiling to about 500,000,000 across four tranches — Tranche 1 in January 2024, Tranche 2 in April 2024, Tranche 3 in July 2024, and a final tranche. The separate buyback ("Gorilla Bid Fund", live since October 2025) repurchases APEX from trading-fee revenue and locks those tokens on-chain for 3 years. Buyback tokens are locked, not destroyed.

What is the APEX token total supply and tokenomics?

APEX launched with an original maximum supply of 1,000,000,000 tokens. ApeX Protocol's completed 2024 burn permanently destroyed roughly half of that supply, with the live post-burn figure shown on the Supply tab. APEX is cross-chain, deployed on Arbitrum One and Ethereum at 18 decimals each, so neither single contract explorer reflects the full supply. The remaining circulating APEX is split across both chains. The ongoing buyback time-locks repurchased tokens for 3 years rather than burning them, so it removes APEX from circulation without reducing total supply.

Does ApeX Protocol have a vesting unlock schedule?

ApeX Protocol holds no active structured vesting schedule on the Vesting tab — it is empty because APEX cliffs have already elapsed. APEX held its TGE in April 2022, allocating 23% to team and early investors under a 12-month cliff plus 24-month linear vesting, and 77% to the DAO and community. Those investor and team cliffs expired by 2024, leaving near-term scheduled-unlock inflation risk low relative to newly launched tokens.

Who funded ApeX Protocol's APEX token?

ApeX Protocol raised its Seed Round on 2022-03-31 at $0.2946 per token, selling 80M APEX (8.0% of original supply) under a 12-month cliff and 24-month vesting. Dragonfly Capital led the round, joined by Jump Trading, Kronos Research, Tiger Global, Mirana Ventures, CyberX, and M77 Ventures. ApeX Protocol then ran an IDO on Bybit on 2022-04-22, raising $500,000 at a $50M pre-money valuation for 10M APEX released fully at TGE.

What does ApeX Protocol's backer list signal about the project?

ApeX Protocol's backers concentrate trading-infrastructure and market-making expertise rather than speculative capital. Dragonfly Capital led the seed, with market makers Jump Trading and Kronos Research providing derivatives-venue liquidity credibility. No single disclosed investor holds more than 20% of supply — the entire seed totaled 8% — limiting early-investor concentration risk. ApeX Protocol was incubated by Davion Labs, tying it to Bybit, which hosted the IDO and remains the primary listing venue.

How did ApeX Protocol's Ape Season 1 program work?

Ape Season 1 was ApeX Protocol's trading-activity and loyalty reward program, now ENDED. Ape Season 1 ran from 2025-10-06 to 2025-12-28, roughly 12 weeks, per ApeX Protocol's official blog. The program rewarded trade-to-earn activity, deposits, staking, referrals, prediction markets, and grid trading, distributing 69M "APE" points with multipliers up to 1.50×. Ape Season 1 is closed — no new participation is accepted as of its December 2025 end date.

What were ApeX token Phase 1 and Phase 2?

ApeX token Phase 1 and Phase 2 refer to past APEX airdrop and claim windows, now closed. These phases distributed APEX to early ApeX Pro and ApeX Omni users through retroactive trading-based eligibility, with claims gated behind a connected-wallet login. Both phases have concluded — APEX claim demand referenced in search ("phase 1", "phase 2", "login") maps to expired distribution events, not an active airdrop. Current APEX acquisition is through spot exchanges, not airdrop claims.

Where can I buy the APEX token?

APEX trades on three centralized exchanges (CEX) as spot listings: Bybit, MEXC, and BingX. Bybit lists the deepest market with two pairs — APEX/USDT and APEX/USDC — reflecting its role as ApeX Protocol's incubating exchange. MEXC and BingX each list APEX/USDT only. USDT is the dominant quote currency across all three venues. APEX has no listed decentralized-exchange (DEX) spot pair, and the three-venue count concentrates liquidity primarily on Bybit.