The current real-time price of DEGEN is $0.0015. In the past 24 hours, DEGEN has traded between $0.0013 and $0.0015, showing strong market activity. The all-time high of DEGEN is $0.0645, and the all-time low is $0.0{4}2255.
From a short-term perspective, the price change of DEGEN over the past 1 hour is , over the past 24 hours is +3.39%, and over the past 7 days is +7.60%. These figures provide a quick overview of the latest price trends and market dynamics of DEGEN on LBank.+24.77%
The live price of DEGEN today is $0.0015, with a current market cap of $56.099M. The 24-hour trading volume is 5M. The price of DEGEN to USD is updated in real time.
Before deciding whether to buy or sell DEGEN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DEGEN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DEGEN.
How much will DEGEN be worth tomorrow, next week, or next month in ? What about your DEGEN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DEGEN Price Prediction
To learn more about DEGEN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0x06a1...677156  | 11.139B | 29.89% |
base | 0x7d00...fdb25f | 1.848B | 4.96% |
base | 0x4cc6...ad2714 | 1.399B | 3.76% |
base | 0x82d4...f31a10 | 1.398B | 3.75% |
base | 0x9773...fa418c | 1.398B | 3.75% |
Other | 20.085B | 53.89% |
The Degen token is an ERC-20 asset that began as a reward mechanism for contributors within the "degen" channel on the Farcaster decentralized social protocol. It has since evolved to serve as a utility token within the broader Base network ecosystem and, notably, functions as the native gas token for its own Layer 3 blockchain, the Degen Chain. This evolution highlights its transition from a social incentive to a fundamental piece of blockchain infrastructure.
To receive a daily allowance for tipping other users on Farcaster, particularly within clients like Warpcast, you typically need to maintain a holding of at least 10,000 DEGEN in your connected wallet. This daily tipping budget is provided by the protocol and refreshes every 24 hours. It’s important to note that these allowances are separate from your personal DEGEN balance and are allocated by the protocol for social engagement, not deducted from your holdings.
Beyond its primary function for social tipping on Farcaster, DEGEN is integrated into a growing number of decentralized applications and platforms. Its utility extends to various Web3 social media platforms, for creating and interacting with non-fungible tokens, participation in prediction games, and engagement with sports-related gaming applications. This demonstrates DEGEN's expanding role as a versatile token within the decentralized application landscape.
The Degen Chain is an innovative Layer 3 (L3) blockchain constructed on top of Base, which itself is an Ethereum Layer 2 solution. It utilizes Arbitrum Orbit technology for its framework and employs AnyTrust for efficient data availability. This architectural design enables the Degen Chain to deliver extremely low transaction fees and high processing speeds, establishing it as an ideal environment for community-driven experiments and applications where DEGEN is the native gas token.
Users frequently transfer their digital assets from the Base network to the Degen Chain. This process is commonly facilitated through the official Degen Bridge, which serves as a primary method for secure asset transfer. Additionally, several reputable third-party bridging services also offer functionality to move funds between Base and the Degen Chain, providing users with multiple convenient options for managing their tokens across these interconnected networks.
DEGEN is readily available for acquisition by users interested in participating in its ecosystem. It is listed on numerous major centralized exchanges, offering a straightforward way for many to purchase the token. Furthermore, DEGEN can also be obtained through various decentralized exchanges, especially those operating on the Base network, providing additional avenues for acquiring the token within a decentralized trading environment.
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