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$DEGEN, a token used for tipping on Farcaster, has reached a market capitalization of $1.5 billion. Users are engaging in activities such as collateralizing $DEGEN for loans, tipping artists, and engaging in meme-based trading on Farcaster.

Couple months ago my good friend @BryKayne $degen pilled me to Warpcast and I obviously degened… I sold 90% of this stack on the way up but when he texted me about the first memecoin token on degen chain $DEPE I obviously had to degen into it. #1 for now, see you $degens on… https://t.co/B8qvZcRn1a
$DEGEN is worth $1.5 billion, has its own memecoin chain now, and doesnt have a single futures listing what are these exchanges even doing?
Today more than ever, $DEGEN PC :) https://t.co/6OiROnNFC5