Degen Chain, a Layer-3 Blockchain, Sees Significant Attention and Transactional Volume with Native DEGEN Token Zooming 500% Since Release
Degen Chain, a layer-3 blockchain built on top of Base, has gained significant attention and transactional volume since its launch on Thursday. Despite not having a supported stablecoin and mostly housing speculative tokens, the network has recorded nearly $100 million in transactional volumes in the past 24 hours alone over 272,000 unique transactions. The DEGEN token, the native gas of the chain, has surged 500% since its release. Degen Chain is a customizable and application-specific blockchain built on top of layer-2 protocols, designed to handle specific types of transactions such as payments and gaming transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Will List Shoggoth (SHOGGOTH) in the Innovation, AI and Meme Zone!
We are thrilled to announce that Shoggoth (SHOGGOTH) will be listed in the Innovation, AI and Meme Zone. Check out the details below: Deposit Available: Opened Trading Available: 15 November 2024, 13:00 (UTC) Withdrawal Available: 16 November 2024, 14:00 (UTC) Spot Trading Link: SHOGGOTH/USDT Intro
0% fee EUR deposit — Share 1 million USDT!
First come, first served: Users can earn up to 25% rebate in USDT when depositing at least $200 worth of EUR via bank deposit with 0% fees! Join Promotion period: November 15, 15:59:59 – December 14, 15:59:59 (UTC) Rules Register using the Join button. Deposit at least $200 worth of EUR via bank de
Don’t be delusional: Decentralization doesn’t compensate for regulation
Trending news
MoreCrypto prices
More
