
Degen, a cryptocurrency token, has launched an L3 chain called Degen Chain on Base, offering fast transactions by settling on L2s like Base. The token has seen significant growth, with a market cap of $800M to $1.1B in a short time. The community is actively engaging with the new chain, leading to millions of transactions and active addresses within hours of its launch.
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48 hours after the launch of Degen Chain L3: 3,500,000+ transactions (+75%) $10,000,000+ bridged (10x) 96,000+ active addresses (4x) Less than 1 billionth of a cent txs 🤯 Congratulations @degentokenbase on the incredible progress so far 🎩 L3s are a new paradigm. https://t.co/IKt5jBvXct
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