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    Weekly Platform Updates

    Aug 04, 2024

    4 min read

    ApeX Omni

    DEX

    ApeX

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    ApeXers, another fantastic week is in the books! We've hit a new milestone with ~$380M in 24-hour trading volume on ApeX Omni. Your support has been incredible—thank you! Moreover, week 2 of Omni Showdown is underway with more than 3,000 participants, the 50,000 USDT fully unlocked prize pool and 2.75 Bln KONG in rewards.

    But that's not all! We've added 10 new USDT markets to ApeX Omni, launched Omni Grid Bot with -0.002% negative fees, offering you another way to boost your Omni Showdown score while automating your trades, and extended support on Feed the Kong Frenzy to Solana wallets, making it easier for the Solana community to join the action.

    Let's dive into a roundup of the latest happenings you don't want to miss.

    1. Omni Trading Volume Milestone — $380M in 24-Hour Trading Volume

    ApeXers, we're thrilled to announce a major milestone this week — we've surged past the $380M mark in 24-hour trading volume on ApeX Omni! This significant increase demonstrates the growing trust and momentum in our newly launched Omni (DEX V2) on ApeX. Let's keep the momentum going as we invite the wider DeFi community to join decentralized trading on our modular, multichain liquidity infrastructure.

    2. Compete in Week 2 of Omni Showdown with 2.75 Bln KONG and 50K USDT for Grabs

    We're now in Week 2 of Omni Showdown on ApeX Omni, and the campaign is in full swing! With over 3,000 participants and the total trading volume surging past $500 million, this is your chance to claim a share of 2.75% of the total KONG token supply and a 50,000 USDT prize pool!

    So, what are you waiting for? Getting started is easy: just connect your wallet, sign up, and dive in.

    Here's the exciting part — everyone who registers for Omni Showdown walks away with a prize! Whether you're a top trader or just getting started, there's something for you!

    The 2.75 billion KONG tokens will be distributed as follows:

    • 5% equally allocated among all registrants.

    • 95% proportionally shared among all qualified participants based on final scores, with a qualified participant being a user who completes at least one required task: deposit, trade, or refer.

    Your mission: boost your score.

    Your final score determines your share of the prize pool and combines deposits, trading volume, profits, and referrals. Remember, the more active you are, the higher your potential rewards! Refer to this detailed infographic for more details on how you can boost your score.

    Remember, this week, your trading score has a coefficient of 1.25, giving you a better opportunity to boost your standing in comparison with week 3. As we have already unlocked the final tier of our mega 50,000 USDT prize pool, shoot high and aim for a spot in the top 50 traders on the leaderboard to grab a share!

    To help you keep track of your score, head to the landing page and track your progress. These newly added dashboard enhancements will help you visualize your standing better and understand how rewards are distributed, allowing you to strategize more effectively in the competition.

    Plus, with ApeX Grid Bot now live on Omni, you can even automate your trading while maximizing your score. So what are you waiting for? Join now, trade smart, refer friends, and make your mark!

    Enhance Your Trading with ApeX Grid Bot — Enjoy Negative Fees and an Omni Showdown Boost!

    This week, we introduced ApeX Grid Bot on ApeX Omni, featuring a -0.002% negative fee on all trades executed with the bot. This powerful automated trading tool is now available for all perpetual contracts on ApeX Omni, giving you another way to enhance your trading strategies as well as boost your score on Omni Showdown.

    With ApeX Grid Bot, you can choose between neutral or one-sided bots and customize your approach using geometric or arithmetic grid settings. The bot also provides advanced tools such as candlestick charts, APY optimization suggestions, and detailed historical data and transaction insights.

    Don't forget, by deploying ApeX Grid Bot, you'll also boost your Omni Showdown score. Your grid bot trading volume contributes to your total score, giving you a chance to compete for a share of 2.75 billion KONG and 50,000 USDT prize pool. Plus, with -0.002% negative fees, you earn extra on every trade.

    For a detailed guide on the launch of ApeX Grid Bot on Omni, check out our comprehensive blog. Meanwhile, check out this article for more information on deploying long, short, and neutral bots in both geometric or arithmetic mode.

    4. +10 New USDT Markets on Apex Omni

    ICYMI — we've broadened our perpetual contract offerings on ApeX Omni, adding 10 new USDT markets and bringing our total to 30 pairs.

    The newly introduced listings are RP-USDT, SUI-USDT, BCH-USDT, LTC-USDT, MATIC-USDT, ARB-USDT, OP-USDT, WLD-USDT, LINK-USDT, and 1000SHIB-USDT, all available with up to 50x leverage. For all the details, visit our announcement post, and to view contract specifications, head over to our Gitbook page.

    We're set to extend our offerings further, with plans to introduce more than 50 trading pairs in the coming weeks. Stay tuned to our social channels and ApeX Blog for the latest updates!

    5. Support for Solana Wallets on Feed the Kong Frenzy

    Exciting news for Feed the Kong Frenzy players! As we approach the highly anticipated KONG token public sale and launch on Solana, we've expanded wallet compatibility to include Solana wallets alongside existing EVM options. This update makes it easier than ever to participate and claim your share of the upcoming KONG airdrop!

    Key updates include:

    • Solana wallet users can now join our tap2earn game and participate in the massive 1,000,000,000 KONG airdrop.

    • EVM wallet users can continue playing as before but should provide a Solana wallet address to receive the airdrop. Watch for a notification on your screens prompting you to input your Solana address.

    Stay tuned for more updates on Kong the Bananator and upcoming public sale details. For more information on Solana wallet support, check our blog. Also, visit our FAQ article for details on the KONG airdrop, and get ready to join the Kong craze to secure your piece of the KONG token pie!

    6. New H5 Entry Points to ApeX Omni — Bybit Web3 and OKX Web3 Wallet

    With our latest upgrade, users accessing the ApeX Omni platform through Bybit Web3 Wallet and OKX Web3 Wallet can now enjoy an enhanced trading experience. This update brings the full functionality of our main platform to those using non-ApeX apps, including access to USDT perpetual markets on ApeX Omni.

    By integrating seamlessly with these wallet software apps, we've streamlined the process for registrations, deposits/withdrawals and trading. You can now initiate these actions directly within the 3rd party wallet interface, making your trading journey more efficient and user-friendly. Access the ApeX Omni H5 page via this link.

    The upgrade ensures you to gain access to the complete suite of ApeX Omni features, regardless of your entry point. This means a more consistent and comprehensive trading experience across all entry points, bridging the gap between our main platform and third-party applications.

    Coming Soon

    7. KONG Token Launch

    The moment we've all been waiting for is almost here — the KONG meme token is about to make its grand entrance! With the public sale and token generation event (TGE) just around the corner, we're buzzing with excitement!

    Want to be fully prepared for this groundbreaking launch? We've got you covered! Check out our comprehensive KONG FAQ blog, packed with all the information you need to hit the ground running when KONG goes live.

    Keep your eyes peeled for more updates on our blog and social media channels as we count down to KONG TGE. The jungle is calling, and KONG is ready to rule!


    ApeXers, as we wrap up this eventful week, stay tuned for upcoming updates on the KONG launch. We appreciate your continued support and would love to hear your feedback as always, so share your thoughts on the ApeX Discord channel or via the following feedback form.

    Remember to keep following our blog and social channels to stay informed about the latest news and updates.

    As always, thank you for being part of the ApeX community.

    DEX with ApeX, Your Go-To DEX!

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