How to get started with the Degen ecosystem? A step-by-step guide to operating it

$Degen As the current meme coin leader on the Base chain, with a market capitalization surpassing $1.7 billion, ATH!

For those looking to dive into the Degen ecosystem during the weekend, Biteye offers the following insights:

1. What is the $Degen token?
2. Use cases of $Degen
3. What is Degen Chain?
4. How to enter the Degen ecosystem

what is $Degen Token?

• Source: Originating from the meme concept, emerged on the Degen channel of the decentralized social application @warpcast, based on the Base chain. Initially used for content tipping, it is now the leading token in the ecosystem.
• Funding: Angel round raised approximately $1.47 million on February 21st, led by 1confirmation.
• Market: Up approximately 200% within the month, with a total market capitalization exceeding $1.7 billion and a 24-hour trading volume exceeding $100 million.

Support $Degen Payment and Tipping Applications

• @warpcast: The “Twitter” of the Base chain.

• @Drakulaapp: The “TikTok” of the Base chain.

• @ourZORA: An NFT platform. - @perl_xyz: A skill-based prediction game.

• http://Bracket.Game: A tool for voting on sports leagues.

@farcaster_xyz: A protocol layer valued at $1 billion, with investments from Paradigm and A16z. @warpcast is built on this protocol.

What is Degen Chain?

• Source: Layer 3 was launched on March 29th by DAO infrastructure service provider @syndicateio, built on Arbitrum Orbit, with the Base network as the settlement layer and AnyTrust as the DA layer.

• Features: Specifically designed for the Degen community and $Degen, supporting community rewards, payments, gaming, etc., at low cost.

• TVL: Surpassed tens of millions of dollars within two days, with $Degen being the native gas token of the chain.

How To Enter Degen Chain Trading? 4 Steps

• Buy $Degen on @CoinMarketCap

• Check Supported Exchanges for $Degen

• Add Degen Chain

1. Go to http://chainlist.org and search for Degen Chain to connect your wallet.

2. Alternatively, customize in MetaMask:

   • Network Name: Degen

   • RPC: http://rpc.degen.tips

   • Chain ID: 666666666

   • Currency Symbol: DEGEN

• Cross-chain to Degen Chain

Utilize https://bridge.degen.tips, supporting chains like Base, OP, etc., to swap Degen, USDC, wETH, etc., into $Degen. The cross-back process takes approximately 7 days.

• Buy and Sell Coins on Degen Chain:

  DegenSwap (https://dex.swapdegen.tips/#/swap), @DYORSWAPDEX

Other Resources:

Check Market Data https://dexscreener.com/degenchain Block Explorer https://explorer.degen.tips

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