Original source: Biteye

Degen is currently the leading Meme coin on the Base chain, with a market value exceeding US$1.7 billion. How to get started with Slay’s weekend full Degen ecosystem? Biteye brings the following interpretation:

1. What is Degen token?

2. Degen usage scenarios?

3. What is Degen Chain?

4. How to enter the Degen ecosystem?

What is Degen token?

- Source: Meme concept, which originated from the Degen channel of the decentralized social application @warpcast_, is based on the Base chain, and its earliest use is content reward. It is currently The ecological token leader.

- Financing: Angel round of approximately US$1.47 million on February 21, led by 1confirmation.

- Market: Increased by approximately 200% during the month, with a total market value exceeding US$1.7 billion, and a 24-hour trading volume exceeding US$100 million.

Apps that support Degen payment and tipping:

@warpcast_Base chain’s “Twitter”

@DrakulaappBase chain’s “TikTok”

@ourZORA NFT platform

@perl_xyz skill-based prediction game

http://Bracket.Game Tool for voting on sports leagues

Farcaster is the protocol layer with a valuation of $1 billion, Paradigm, A16z participated in the investment. Warpcast Build on this.

What is Degen Chain?

-Source: Layer 3 launched by DAO infrastructure service provider @syndicateio on March 29, built on Arbitrum Orbit, Base network as the settlement layer, DA layer It's AnyTrust.

- Features: Specifically built for the Degen community and $Degen, supporting community rewards, payments, games, etc., at low cost.

- TVL: Breaking through 10 million US dollars in two days, $Degen is the native Gas token of the chain.

How to enter Degen Chain transactions?

4 steps:

- Buy DEGEN

Check the exchanges that support Degen on CoinMarketCap

- Add Degen chain

1. Search Degen Chain at http://chainlist.org to connect your wallet

2. Or customize in MetaMask:

· Network Name: Degen

· RPC: http://rpc.degen.tips

· Chain ID: 666666666

· Currency Symbol: DEGEN

- Cross chain to Degen chain

Use https://bridge.degen.tips, which supports Base, OP and other chains. Degen, USDC, wETH, etc. Swap into Degen. It takes about 7 days to cross back.

- Buy and sell coins on the Degen chain

DegenSwap (https://dex.swapdegen.tips/#/swap), @DYORSWAPDEX

Other tools: Check the market (https://dexscreener.com/degenchain) Block Explorer (https://explorer.degen.tips)

Original link

Welcome to join the official community of BlockBeats:

Telegram subscription group: https://t.me/theblockbeats

Telegram communication group: https://t.me/theblockbeatsApp

Twitter official account: https://twitter.com/BlockBeatsAsia

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia