Getting Started Guide: How to Play the Degen Ecosystem?

Original author: Biteye (X: @BiteyeCN)

Degen is currently the leading Meme coin on the Base chain, with a market value exceeding US$1.7 billion, ATH! How to get started with the Degen ecosystem of Slay Weekend? Biteye brings you the following interpretation:

1. what is$DegenToken?

2. $Degenscenes to be used

3. What is Degen Chain?

4. How to enter the Degen ecosystem

1. What is $Degen Token?

source

Meme concept, arising from decentralized social applications@warpcast_The Degen channel is based on the Base chain. Its earliest purpose was to reward content, and it is currently the leader in this ecological token.

Financing

The angel round on February 21 was approximately US$1.47 million, led by 1confirmation.

Quotes

The increase during the month was approximately 200%, with the total market value exceeding US$1.7 billion and the 24-hour trading volume exceeding US$100 million.

2. $Degen usage scenarios

support$DegenPayment and tipping applications

• @warpcast_: The Twitter of the Base chain

• @Drakulaapp: Douyin of Base chain

• @ourZORA：NFT platform

• @perl_xyz: Skill-based prediction game

• Bracket.Game: Tool to vote for sports leagues

@farcaster_xyzIt is the protocol layer with a valuation of US$1 billion. Paradigm and A16z participated in the investment.@warpcast_Build on this.

3. What is Degen Chain?

source:

On March 29th, DAO infrastructure service provider@syndicateioThe launched Layer 3 is built based on Arbitrum Orbit, with the Base network as the settlement layer and the DA layer as AnyTrust.

Features:

Designed for the Degen community and$DegenBuilt to support community rewards, payments, games, etc. at low cost.

TVL：

It exceeded 10 million US dollars in two days,$DegenIt is the native Gas token of the chain.

4. How to enter Degen Chain trading?

1. Buy $Degen

exist@CoinMarketCapView exchanges that support $Degen

2. Add Degen chain

1. existChainlistSearch Degen Chain to connect wallet

2. Or customize in MetaMask:

• Network Name ：Degen 

• RPC： http://rpc.degen.tips

• Chain ID ： 666666666 

• Currency Symbol ：DEGEN

3. Cross chain to Degen chain

usehttps://bridge.degen.tips, supports Base, OP and other chains, and swaps Degen, USDC, wETH, etc. into $Degen. Crossing back takes about 7 days.

4. Buy and sell coins on the Degen chain

DegenSwap（https://dex.swapdegen.tips/#/swap） 、

@DYORSWAPDEX

other:

Check the market (https://dexscreener.com/degenchain）

Block explorer (https://explorer.degen.tips）

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