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September 1, 2024 Tóth Balázs

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Yuga Labs Launches New Era

Greg Solano (Garga), CEO of Yuga Labs, announced the upcoming launch of “The Workshop,” a program designed to develop innovative on-chain products for ApeChain. The initiative will follow a strategy similar to the one used by the Base blockchain, utilizing rapid product cycles and committing to dismantling unsuccessful projects. The first products from “The Workshop” are expected to roll out on ApeChain soon, hinting at the imminent launch of its mainnet.

Pump.fun and Polymarket Dominate the Market

Two of the hottest platforms in the crypto market today are the Pump.fun memecoin launchpad and the Polymarket decentralized prediction marketplace. Since its launch in January this year, Pump.fun has generated a cumulative revenue of $100 million from over a million memecoins. Meanwhile, Polymarket saw higher trading volumes in August than all NFTs across chains combined, with the number of active traders steadily increasing since May as the 2024 presidential election approaches.

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