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The current real-time price of DEGEN is $0.1574. In the past 24 hours, DEGEN has traded between $0.1569 and $0.1574, showing strong market activity. The all-time high of DEGEN is $16.91, and the all-time low is $0.1486.
From a short-term perspective, the price change of DEGEN over the past 1 hour is , over the past 24 hours is +0.19%, and over the past 7 days is +0.29%. These figures provide a quick overview of the latest price trends and market dynamics of DEGEN on LBank.-4.04%
The live price of DEGEN today is $0.1574, with a current market cap of $0. The 24-hour trading volume is 33.17. The price of DEGEN to USD is updated in real time.
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Before deciding whether to buy or sell DEGEN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DEGEN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DEGEN.
How much will DEGEN be worth tomorrow, next week, or next month in ? What about your DEGEN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DEGEN Price Prediction
To learn more about DEGEN, consider exploring other resources such as the whitepaper, official website, and other published information:
Degen (DEGEN) began as a community-driven meme token and social currency on the decentralized social platform Farcaster. It has since evolved into a multi-chain ecosystem with its own Layer-3 blockchain, the Degen Chain, designed for low-cost transactions and creator rewards. It aims to bridge meme culture with functional utility, transforming social interactions into economic activity.
The DEGEN token serves several key purposes within its ecosystem: It powers peer-to-peer tipping and content monetization on Farcaster, rewarding users for quality content. DEGEN is the native gas token for its Layer-3 blockchain, the Degen Chain, enabling cheap transactions. It's used in decentralized finance (DeFi) activities like staking and liquidity pools, and for gaming. Holding DEGEN tokens allows participation in the Degen DAO, enabling token holders to vote on proposals and influence ecosystem development. The token also incentivizes community engagement.
Degen operates through a decentralized network utilizing smart contracts. Initially an ERC-20 token on Ethereum's Layer-2, it launched its own Layer-3 blockchain, the Degen Chain, in March 2024. The Degen Chain uses Arbitrum Orbit for scalability and a specific Layer-2 for settlements, with Arbitrum AnyTrust for data availability, ensuring low-cost and scalable applications. Transactions are automatically executed without a central party.
The Degen Chain is a Layer-3 blockchain built on an Ethereum Layer-2 solution. It utilizes Arbitrum Orbit for scalability and low fees, with DEGEN as its native gas token. It's designed to support low-cost, scalable applications, including payments, gaming, and DeFi, expanding the Degen ecosystem's capabilities.
DEGEN can be traded on various reputable cryptocurrency exchanges. You can also typically add DEGEN to your crypto wallet by importing its contract address, ensuring you use a trusted source for the contract information.
The tokenomics are designed to encourage community engagement. Approximately 70% of the total supply (36.97 billion) is allocated to the community via airdrops and incentives, with 15% for liquidity pools and 15% for the team and early adopters. Token distribution has prioritized decentralization to foster a robust and engaged community.
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