Binance Ends BAYC and MAYC NFT Staking Effective August 1, 2025 Over APE Mechanism Adjustments

Binance NFT has confirmed the termination of its staking programs for Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) effective August 1, 2025, citing adjustments to the APE NFT staking mechanism as the primary reason. The platform will automatically unstake all BAYC and MAYC NFTs held by users and return them to their accounts by August 3, 2025, ensuring a seamless transition without requiring manual intervention [1]. This decision, outlined in an official announcement, aligns with the evolving technical requirements of the APE ecosystem but provides no further details on the nature of the adjustments to the staking framework [2].

The move impacts approximately 10,000 users and raises questions about the long-term viability of NFT staking programs, which rely on the sustained relevance of both the tokens and the platforms hosting them. Binance emphasized that the discontinuation applies solely to staking rewards, with the NFTs remaining tradable on the platform. However, the absence of new staking incentives may temporarily affect liquidity dynamics, as historical trends suggest that removing staking rewards often leads to short-term outflows in the NFT market [3]. Analysts from Coincu note that Binance’s procedural approach reflects broader challenges in maintaining user engagement within volatile NFT ecosystems, where technical upgrades can rapidly alter incentive structures [4].

ApeCoin (APE), the native token of the APE NFT ecosystem, has experienced mixed performance recently. As of July 27, 2025, CoinMarketCap data indicates a price of $0.64, with a 24-hour decline of 2.25% but a 90-day gain of 20.52%. The token’s market cap stands at $483.16 million, supported by a 24-hour trading volume of $41.17 million [5]. While Binance’s decision does not explicitly mention financial reallocations for APE, the discontinuation of staking could indirectly influence token utility and demand, particularly if users divest from staked positions.

Community reactions remain uncharacterized by official commentary from Binance or Yuga Labs, the creators of BAYC and MAYC. Social media discussions highlight varied opinions but lack consensus on the implications for NFT holders. The lack of public statements from key stakeholders underscores the speculative nature of market responses to such structural changes [6].

Binance’s shift comes as the broader NFT market exhibits signs of recovery, according to DappRadar, though the termination of high-profile staking programs may temper enthusiasm for yield-generating opportunities [7]. The platform’s focus on adapting to technical and market dynamics—while balancing innovation and user retention—remains critical as the crypto industry navigates regulatory uncertainties and shifting user preferences. For now, Binance’s discontinuation of BAYC and MAYC staking underscores the fluidity of NFT ecosystems, where platform strategies must evolve in tandem with technological advancements and market sentiment.

Source:

[1] [Important Update on APE NFT Staking Products] (https://www.binance.com/en/support/announcement/detail/2be379d1fe084e97b865b7b0bb407cbe)

[2] [Binance NFT to Discontinue Staking Products for BAYC ...] (https://www.binance.com/square/post/27427298349281)

[3] [Binance Discontinues BAYC and MAYC NFT Staking as ...] (https://www.ainvest.com/news/binance-discontinues-bayc-mayc-nft-staking-ape-staking-mechanism-adjusted-2507/)

[4] [Binance Announcement's Profile | Binance Square] (https://www.binance.com/en/square/profile/binance_announcement)

[5] [ApeCoin(APE), daily chart, screenshot on CoinMarketCap] (https://coinmarketcap.com/community/articles/6885a43abcc1754ea1229a92/)

[6] [NFT Market Makes a Comeback in July: DappRadar] (https://cryptorank.io/news/feed/d6448-nft-market-makes-a-comeback-in-july-dappradar)

[7] [Binance NFT Staking for BAYC & MAYC Ending Soon!] (https://www.binance.com/ru-UA/square/post/27450728815441)