With a market value of US$1 billion in three months, it is worthy of being a DEGEN.
Degen Token shines on the Base chain, with its market value exceeding the US$1.5 billion mark. Since its launch on the Farcaster channel in January this year, Degen has quickly become a popular tipping tool in the community, with more than 83,000 holders.
Its price has soared with the popularity of the community, rising from 10m to 50m market value, while bringing user growth to Farcaster.
In February, Degen completed angel round financing of 490.5 ETH to help the development of the ecosystem. Community projects such as Dracula also use Degen as a native token, driving its market value to 70m-100m.
The launch of DegenChain has even benchmarked its valuation space against public chains, with its market value soaring to 2B. Degen and Farcaster/Base have achieved mutual success. Their narrative has evolved from self-entertainment tokens to public chain gas tokens, and their valuations have continued to increase. The rise of Degen provides a new path for the development of Farcaster community projects, and the future is worth looking forward to.
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