Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes
Summary
The Degen Chain, a layer-3 blockchain on Base network, has seen a surge in activity with nearly $100 million in transactions and over 272,000 unique transactions in the past 24 hours. The network hosts over 7,500 contracts and 2,300 tokens, including Degen Swap (DSWAP) and Degen Pepe (DPEPE). The DEGEN token, valued at 6 cents, is the native token for transactions on the network. Degen Chain is designed for specific tasks like payments and gaming transactions.
