Getting Started Guide: How to play with the Degen ecosystem?

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Original author: Biteye (X: @BiteyeCN )

Degen is currently the Meme coin on the Base chain, with a market value exceeding US$1.7 billion, ATH! How to get started with the Degen ecosystem of Slay Weekend? Biteye brings you the following interpretation:

  1. What are $Degen tokens?

  2. $Degen usage scenarios

  3. What is Degen Chain?

  4. How to enter the Degen ecosystem

1. What is $Degen token

source

The Meme concept originated from the Degen channel of the decentralized social application @warpcast_ . It is based on the Base chain. Its earliest use was content reward and it is currently the leading token in this ecosystem.

Financing

The angel round on February 21 was approximately US$1.47 million, led by 1confirmation.

Quotes

The increase during the month was approximately 200%, with the total market value exceeding US$1.7 billion and the 24-hour trading volume exceeding US$100 million.

2. $Degen usage scenarios

Applications that support $Degen payment and tipping

@farcaster_xyz is the protocol layer with a valuation of US$1 billion. Paradigm and A16z participated in the investment. @warpcast_ builds on this.

3. What is Degen Chain?

source:

Layer 3, launched by DAO infrastructure service provider @syndicateio on March 29, is built on Arbitrum Orbit. The Base network serves as the settlement layer, and the DA layer is AnyTrust.

Features:

Specifically built for the Degen community and $Degen , it supports community rewards, payments, games, etc. at low cost.

TVL:

It exceeded 10 million US dollars in two days. $Degen is the native Gas token of the chain.

4. How to enter Degen Chain trading?

1. Buy $Degen

Check out the exchanges that support $Degen at @CoinMarketCap

2. Add Degen chain

  1. Search Degen Chain on Chainlist to connect the wallet

  2. Or customize in MetaMask:

3. Cross chain to Degen chain

Use https://bridge.degen.tips to support Base, OP and other chains, and swap Degen, USDC, wETH, etc. into $Degen. Crossing back takes about 7 days.

4. Buy and sell coins on the Degen chain

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

@DYORSWAPDEX

other:

Check the market ( https://dexscreener.com/degenchain )

Block Explorer ( https://explorer.degen.tips )

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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