$DEGEN Token Surges with $6.3M Volume, Prepares for Layer 3 Chain Launch

The cryptocurrency $DEGEN is gaining significant attention in the digital asset community, with discussions highlighting its potential as a leading token on the BASE platform and its role within the SocialFi, Base, and Farcaster ecosystems. Notably, $DEGEN's trading activity has surged, with Drakulaapp witnessing a volume of $6.3 million, attributed to the increased trading of $DEGEN. Enthusiasts are also anticipating the launch of $DEGEN's own layer 3 chain, which will utilize the native token for gas payments, further cementing its utility and potential for growth. Additionally, the token is being reevaluated beyond its initial perception as a meme coin, suggesting a possible reclassification and increased valuation in the near future. The sentiment among supporters is that $DEGEN is superior to other tokens, often referred to derogatorily in comparisons.