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  • Tokens
  • Degen (DEGEN)

    8/29/2025 20:00 UTC

    $0.003

    % Today
    -7.67%

    Price Chart

    24H: -6.17% |
    7D: -18.14% |
    30D: -14.71%
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    Degen News

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    Frequently Asked Questions

    • Use Cases of Degen

      • Native Gas Token: DEGEN is used as the native gas token on the Degen Chain, a Layer 3 blockchain built on Base (an Ethereum Layer 2). This means projects on Degen Chain use DEGEN to pay for transaction fees, which are lower than on many other blockchains.

      • Reward System on Farcaster: DEGEN started as a reward token for users on Farcaster, a decentralized social network. It rewards users for creating quality content through a tipping system, turning social contributions into real value.

      • Trading and Swapping: DEGEN is a tradable token available on multiple exchanges like Uniswap, Gate.io, and Bybit. Users can swap DEGEN with other cryptocurrencies easily.

      • Community and Ecosystem Growth: DEGEN powers a community-driven ecosystem where users can crowdfund projects, trade tokens, and participate in decentralized finance (DeFi) activities with low costs and high efficiency.

      • Meme Coin with Utility: While DEGEN began as a meme coin, it now offers real utility through its blockchain and social platform integrations, making it more than just a speculative asset.

      For more details, visit the official site: https://www.degen.tips/

      Last Updated: 6/7/2025 02:10 UTC
    • Pros of Degen

      • Community-driven: Degen has a strong, active community that supports development and growth.
      • Fast and scalable blockchain: Designed to handle many transactions quickly, suitable for DeFi and other uses.
      • Decentralized: Operates without a central authority, giving users more freedom.
      • Smart contracts: Enables automated, reliable transactions without middlemen.
      • Rewards system: Users earn DEGEN tokens by contributing quality content, encouraging engagement.
      • Available on major exchanges: Easily bought and sold on platforms like Coinbase.

      Cons of Degen

      • Price volatility: The token’s price can change quickly and unpredictably.
      • Origin as a meme coin: Started as a fun reward token, which may affect perception and stability.
      • Market influence: Large holders ("whales") can impact price movements significantly.
      • Competition: Faces many other tokens and projects in the crypto space.
      • Still developing: Some features like its own blockchain are in progress, so full potential is not yet realized.
      Last Updated: 6/7/2025 02:10 UTC
    • Founders of Degen

      The founder of Degen is Jacek Trociński, a former architect and data engineer at Hedgehog Technologies. He created the Degen Chain, which is a Layer 3 blockchain built on Base, with DEGEN as its native gas token. Alongside Jacek, there is also mention of Will Papper from Syndicate, who is a key service provider and collaborator in the Degen project. Together, they have helped build and grow the Degen ecosystem.

      Last Updated: 6/7/2025 02:10 UTC
    • Venture Capital Investors

      Degen raised $150 million in a Series A funding round in May 2024. The round was led by Paradigm and included participation from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto.

      Community and Developers

      Degen started as a reward token for Farcaster users and has grown with a strong community of developers, crypto content creators, and enthusiasts who actively support and use the token.

      Exchanges and Traders

      Degen tokens are traded on major centralized exchanges like Coinbase and KuCoin, where a wide range of crypto traders and investors participate in buying and selling DEGEN.

      For more details, visit the official site: https://www.degen.tips/

      Last Updated: 6/7/2025 02:10 UTC
    • Halal Status of Degen

      • Yes: Degen is generally considered halal by some sources because it functions as a currency within the Farcaster ecosystem and has utility beyond speculation.
      • Reason: It is an ERC-20 token used to reward content creators and support decentralized social media, which aligns with permissible activities in Islamic finance.
      • Note: Like many cryptocurrencies, the final ruling depends on individual interpretation of Islamic law and the specific use case of the token.
      Last Updated: 6/7/2025 02:10 UTC

    Description

    #437

    Degen is a meme coin originally airdropped to the Degen channel community on Farcaster. It's designed to distribute the token among builders, content creators, and users within the Base and Farcaster ecosystems.

    Sector: Meme
    Blockchain: Base

    Market Data

    Rank: 437
    Volume: 13M
    Marketcap: 129M
    Fully Diluted Value: 119M
    Circulating Supply: 100%
    1.7M 1K/5.1K
    665K 51K/64K
    384K 26K/36K
    157K 20K/20K
    154K 20K/21K
    152K 18K/34K
    65K 502/2.4K
    61K 5.5K/5.5K
    27K 11K/15K
    8.5K 6.3K/6.2K
    281 181/180
    225 59/59
    126 183/182
    126 58/58
    6.7 53/53