Degen Chain, a Layer-3 Blockchain, Sees Significant Attention and Transactional Volume with Native DEGEN Token Zooming 500% Since Release

Degen Chain, a layer-3 blockchain built on top of Base, has gained significant attention and transactional volume since its launch on Thursday. Despite not having a supported stablecoin and mostly housing speculative tokens, the network has recorded nearly $100 million in transactional volumes in the past 24 hours alone over 272,000 unique transactions. The DEGEN token, the native gas of the chain, has surged 500% since its release. Degen Chain is a customizable and application-specific blockchain built on top of layer-2 protocols, designed to handle specific types of transactions such as payments and gaming transactions.

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