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ApeCoin leads in NFT and metaverse market share, but are APE’s hefty staking rewards sustainable?

The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.

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Market signal

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

ApeCoin leads in NFT and metaverse market share, but are APE’s hefty staking rewards sustainable?

The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.

Why this matters

This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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