Degen

About Degen token

DEGEN is a token created for members of the Farcaster network and is deeply rooted in meme culture. It applies a new tipping system where users can compensate creators of quality content directly. This function incentivizes creators to remain active on the platform while enhancing its attractiveness for platform users. Furthermore, DEGEN powers the Degen Chain, an innovative Layer 3 solution built on top of Base Framework. Store of Value This is meant to function as a “living” environment for the development of decentralized applications. It is well known as the “Las Vegas of blockchains” because of the explosive growth associated with it. In the Cancun hardfork section Degen Apps (Dapps), sophisticated financial and crowfunding oriented applications, constitute the most important part of the ecosystem. With DEGEN tokens, users can interact with these Dapps, fund new initiatives through DegenPad, and tip other users to access community funding. This serves as evidence of the token’s value in accelerating project development and enhancing the community engagement.

Key metrics & performance data

($DEGEN) is a Base-based cryptocurrency token with this contract address 0x4ed4E862860beD51a9570b96d89aF5E1B0Efefed. The official launch date of the token was January 07, 2024.

Currently, the Degen price is $0.003727595144809089 with a 8.57% increase in the last 24 hours. The token has a 24-hour trading volume of $7 266 042.20 and a total market capitalization of $137 818 851. $DEGEN is held by 1,134,184 unique holders, with the top 10 collectively owning only 0.56% of the total supply.

On the social front, Degen has 10,577 Telegram members (down by ↓11 in the past week).

Current site metrics show that $DEGEN is ranked 85th in popularity, and 3027th in GuGu Rank.