Degen launches low-cost Layer 3 blockchain Degen Chain, DEGEN continues to hit new highs

BlockBeats news, on March 28, according to official news, the Base ecological Meme project Degen announced the launch of the low-cost Layer 3 blockchain Degen Chain. The network is built using Arbitrum Orbit and AnyTrust DA, and the settlement layer is Base. The native Gas token of Degen Chain is DEGEN. Syndicate becomes Degen Chain’s Layer 3 infrastructure partner. It is reported that Degen will be launched in the Degen channel community on Farcaster in January 2024. By distributing tokens among builders, content creators, and users, Degen reshapes the Farcaster ecosystem, allowing Casters to use DEGEN to reward others who post quality content. To date, there are 53,000 holders and over 553,000 DEGEN transactions. According to CoinGekco data, DEGEN has increased by 37% in 24 hours and is now quoted at 0.02035, setting a new all-time high again.