what's apex protocol?
ApeX Protocol is a decentralized exchange (DEX) built on blockchain technology, providing users with a non-custodial platform for trading perpetual futures and spot swaps while maintaining self-custody of assets. Its core value proposition lies in delivering high-performance trading with low fees, up to 20x leverage, and zero price impact trades through an off-chain orderbook matched on-chain for security and transparency. Key innovations include a modular, multi-chain architecture supporting networks like Arbitrum and Mantle, along with features like the Gorilla Bid Fund for token buybacks funded by platform revenue and Ape Points campaigns to incentivize trading volume and ecosystem participation. The protocol targets retail and institutional traders seeking efficient, secure alternatives to centralized exchanges, positioning itself as a leader in the perp DEX space with over $3B in daily volume peaks. Notable integrations include partnerships with Mantle for boosted rewards and a revamped VIP program, enhancing its role in the DeFi ecosystem through revenue-sharing staking and community-driven governance via $APEX token holders.
On Jan 3, two new wallets withdrew 2.08M APEX ($1.06M) from Bybit.
contract
solana
Two newly created wallets withdrew 2.08M APEX tokens (valued at $1.06M) from Bybit on January 3rd, 2026.
Claimed to be achieving over 1 million transactions per second.
Epoch 12 commenced on December 23, 2025 and lasts for seven days.
Locked 914,634 tokens worth $375,000 for 3 years.
Trader shorts APEX alongside high FDV alts and exchange tokens with -5.16% portfolio weight in a strategy showing 44.75% monthly backtest performance.
Platform executes $11.37M APEX token buyback to reduce circulating supply and launches NBA and NFL prediction markets in the past 7 days.
APEX/USDT forms textbook higher timeframe falling wedge pattern with price at breakout point and RSI oversold for extended period.
Platform reports daily trading volume exceeding $3B with APEX token market cap at $65M, and offers prediction markets, spot trading, and US stocks trading features.
Trading volume to open interest ratio reaches 35x, significantly higher than competitors' ratios ranging from 4.98x to 7.3x, with the high ratio attributed to farming rewards that create concerns about volume sustainability.
Tweet alleges that a Bybit-related event was a fraudulent exit pump.
Platform achieves new all-time high in trading activity.
Apex Protocol surpasses Hyperliquid in perpetual DEX rankings as Hyperliquid's volume dries up, improving from its previous 5th place position behind Hyperliquid.
Partnership announcement with the platform, described by the partner as one of the largest DEXs in crypto.
Platform participates in creator reward campaign on Kaito alongside MemeMax, STBL, INFINIT, Theo, and Arbitrum with over $1 million in total rewards across all participating projects.
A perpetual DEX tier list ranks the platform in D tier, the lowest category among competitors in the perpetual exchange space.
Platform integrates Chainlink Data Streams and launches tokenized real-world asset perpetual markets across Arbitrum, Base, BNB Chain, Ethereum, and Mantle.
Protocol records $17.27B in 7-day perpetual trading volume, ranking 5th among top perpetual DEXes behind Lighter, Aster, Hyperliquid, and EdgeX.
Platform records record monthly volumes in October as one of five leading perpetual DEXes driving $1.2T in industry-wide perp DEX volume.
Team announces AI trading arena on Apex Omni with AI trading challenge featuring $25,000 USDT prize pool, where AI agents trade perpetuals with $5,000 USDT allocation over 14 days until November 11.
Platform achieves 61.9% TVL growth in last 30 days, reaching $47.5M total value locked.
Platform offers exclusive Season 1 deposit incentive on Mantle Network with points multiplier to boost APE earnings for deposits made through Mantle Network.
Protocol completes integration with Chainlink standard this week, joining 62 integrations across multiple blockchain networks.
Platform records $2.4B in 24-hour perpetual trading volume, ranking 5th among major perpetual DEXes including Lighter, Aster, Hyperliquid, and edgeX.
Platform launches leaderboard feature with $50,000 trading competition and offers Kaito community members exclusive 30% fee discount.
Platform records $60.7B in 30-day trading volume during October, part of $249.3B combined volume across four Starknet-powered perpetual DEXes.
Platform experiences technical issue where unrealized PnL for AAVE positions does not update as price moves, with similar issues reported on other DEXs. (ID: 1981799005915922587)
Airdrop Season 1 includes exclusive Mantle Network mission rewarding early users who deposit via Mantle Network with bonus APE point multipliers. Partnership with Mantle Network provides scalable infrastructure for DeFi products.
Platform is one of 4 Starknet-based protocols in the top 10 perpetual DEXs by 24-hour trading volume, per DefiLlama data.
Weekly buybacks target 1% of the ~100M circulating supply, and price experiences breakout. (ID: 1979900681034023244, 1979909945429479771)
Breakpoint event attendance confirmed with upcoming product improvements: expanded asset listings, fee reductions, and performance enhancements. (ID: 1978868656214843417)
The buyback program is now $12M, up from the $2M program reported on 2025-10-12.
Copy trading vault experienced stop loss execution failures during rapid market crash, with vault TVL declining from $60k to $12k after 25% losses.
Platform launches "ape season 1" farming program and offers new user welcome bonuses up to $2000 USDT.
The team conducts buybacks using 50% of platform fees. (ID: 1977631460644536644)
$APEX is added to gTrade's trading platform as one of twelve new market listings.
A $2M buyback program is active for the token.
APEX highlighted among standout competitors with multi-billion dollar 30-day volumes, but characterized as having high volume coupled with low open interest, suggesting mercenary capital and farming activities driven by incentives.
Platform ranks among top 5 perp DEXes industry-wide, with the group collectively processing $38B daily and >$663B in 30-day trading volume.
The exchange is gaining market share in TVL and volume within the competitive perpetual trading market, emerging as one of several platforms capturing share from dominant player HyperliquidX.
The platform is revealed to be Bybit's perpetual DEX, backed by tier-1 investors including Dragonfly, Tiger Global, Jump, and Ben Zhou, and features unique prediction market perpetuals as a differentiating product offering.
Platform launches points campaign rewarding trading volume with additional boosts available for MNT deposits, APEX token staking, and previous DEX users.
Someone is using TWAP orders to systematically accumulate tokens, suggesting whale or institutional buying activity beyond the official buyback program.
Perp trading volume and fee revenue double in recent days, showing increased platform activity.
The platform's copy trading vault reaches $50k TVL with 76 investors, representing 5x growth overnight from $10k, with vault users earning airdrop points through their trading activity.
Second phase of the $12M token buyback program appears to have started today.
Price breaks above $2.1, showing upward momentum from $1.6 several days ago following the $1.5M buyback execution.
The $1.5M buyback is part of a total $12M buyback program, with $700k in weekly revenue and 50-90% of revenue directed to ongoing buybacks; the 12-week airdrop campaign starts Monday.
APEX executes $1.5M token buyback and announces new airdrop campaign with points-based rewards system for new sign-ups.
Social media post alleges whales pumped APEX 285x and are now accumulating alts for predicted 500x gains, exhibiting pump and dump promotional characteristics and shilling activity.
APEX is identified as Bybit's DEX token with a current market cap of $280 million, compared to competitor $ASTER at $3.5 billion market cap.
MetaMask reports APEX as the second-highest swapped token for the week, showing strong trading activity across one of crypto's largest wallet platforms.
Price reaches $1.98 from $1.32 entry point, representing approximately 50% gain according to trader performance report.
APEX ranks as the 3rd trending coin on CoinGecko this week, indicating increased market attention and search interest.
Season 1 Adopter Bonus concludes on October 6th.
Recent price bounced from $1.22 after entry at $1.33, trader sets additional buy orders at $1.10-$1.20 levels.
Trader reports buying enormous quantities at $1.3 price level, setting $4 price target while noting current level shows more bullish sentiment than previous $2.6 price point.
Users can now earn "ape points" through trading activity on the app, indicating a new rewards/incentive program has been implemented.
APEX is now listed on Mode Trade platform offering AI-powered long/short trading with up to 10x leverage.
Ben from Bybit is allegedly focused on investing in Mantle token rather than paying attention to the project, suggesting reduced attention from a key stakeholder previously identified as potentially controlling majority supply.
Platform now offers 150x leverage trading capability, a significant increase from the previously available 3x leverage mentioned in recent updates.
Trader raises concerns and investigates whether Ben/Bybit controls 99% of token supply, questioning if it's another Chinese supply-controlled coin.
The token now offers 3x leveraged long and short trading functionality through the Mass mobile app, powered by HyperliquidX integration.
APEX experiences significant price decline today with traders describing severe selloff conditions.
25M APEX rewards/airdrop program is teased by the team along with roadmap updates, contributing to whale-driven price surge.
APEX sees large gains amid perp DEX rotation according to market analysis.
Project resets S3 points and drops HypurrNFTs, while being described as fully integrated into Bybit exchange beyond previous CEO backing.
Project announces $18M buyback plus 50% revenue buyback program, with a volume farming program also announced this week. The buyback announcement triggers a sudden price surge.
Trader sets bullish $25 price target for Christmas 2025, significantly higher than previous $7-10 targets mentioned in recent analysis.
Project receives backing from Bybit CEO amid $432M 24h perpetuals volume and $329M 24h token volume.
Whales that previously pumped the token 214x are now accumulating new altcoin positions according to market analysis.
Trader reports waiting for $1.40-1.30 entry levels with $7-10 price targets while currently holding no position.
New exchange listing enables leverage trading up to 5x. Token reports 10x price gains over 4-day period.
Bybit has integrated ApeX Protocol into their platform to enable easier bridging functionality.
APEX ranks as #1 top mover on Clave platform, indicating strong recent trading performance and continued momentum.
Whale sells 20.92M APX tokens worth $12.3M at average price of $0.514 on Aster exchange.
$300M in real-world assets being tokenized through new partnership between SkyBridge, Tokeny Solutions, and Apex Global Group.
Major trader ($25M+ monthly volume) reports dysfunctional reward system causing user dissatisfaction and potential platform exodus.
Token unlock of $5 million set for July 15.
AI cancer detection technology achieves 95-98% accuracy rate and secures integration with 1000+ healthcare institutions through iKoob partnership network.
AI-powered cancer detection technology is operational and ready for Wednesday's live demonstration, backed by Korean medical expert Sung Kim.
Live technical demonstration announced to showcase medical technology capabilities.
Machine learning patents posted ahead of schedule, triggering 200% price increase.
Patents and company certificates verification releasing in coming days to validate leadership position in medical imaging sector.
Chain processes 468M transactions in first year, exceeding Ethereum L1's 2024 volume of 429.5M transactions.
Aggregating multi-chain liquidity across ETH, ARB, SOL via zkLinkX. Captured 5% of perps DEX market in 2024.
Airdrop campaign running between January 20 - July 13, 2025. Users earn XP through trading on Omni Perps or Omni Spot Swap, convertible to APEX tokens.
Planning $25M worth of APEX token airdrop to users in 2025. Launching ApeX Trading Chain with APEX as fee token.
DEX rewards program offering 110,000 APEX (~$220k) with 50k APEX (~$100k) per round and 10k APEX (~$20k) for content creators.
L2 DEX with 0 gas fees and instant trades. Launched "Omni" DEX with vaults like hyperliquid. KONG airdrop upcoming.
Public sale live with over 10% minted. Features Arcana Apex trait artworks with no mints of specific trait yet. One Mythical reported minted.