DEGEN
$0.0012173310873391308
Degen (DEGEN) Price
$0.0012173310873391308
Degen (DEGEN) Price Today
The live price of Degen is 0.0012173310873391308 USD. In the past 24 hours, the trading volume of Degen was 5,037,000.70 USD, up by 7.36%. The current price has decreased by 1.70% from its 7-day high of 0.06 USD, and increased by 0.00002255% from its 7-day low of 0.00102528 USD. With a circulating supply of 36,965,730,333.00 Degen, the market cap of Degen is currently 126,869,982.00 USD, down by 0% in the last 24 hours. Degen currently ranks #707 by market capitalization among cryptocurrencies.
Degen (DEGEN) Market Data
Market Cap
$45.5M
24h Volume
$5M
Circulating Supply
36.9B DEGEN
Maximum Supply
36.9B DEGEN
Fully Diluted Market Cap
$45.5M
Liquidity Indicator
11.07%
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About Degen (DEGEN)
How can I buy Degen (DEGEN)?
Buying Degen (DEGEN) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Degen (DEGEN) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy DEGEN Guide for more information.
What Is Degen (DEGEN) and How Does It Work?
Degen (DEGEN) is a community-driven token that originated as a tipping currency on Farcaster, a decentralized social network where users reward creators for high-value posts. As activity around the token exploded, DEGEN evolved from a simple meme-tipping asset into the native utility token of Degen Chain, a fast and low-cost Layer-3 blockchain built on Base and powered by Arbitrum Orbit. This shift expanded DEGEN’s role from social engagement to a broader ecosystem token.
On Degen Chain, DEGEN functions as the primary gas token, enabling users to pay for transactions, interact with dApps, trade, and participate in on-chain games and DeFi protocols. Because the chain is optimized for micro-transactions and social apps, DEGEN is used frequently across the network, creating organic on-chain demand beyond speculation.
DEGEN also retains its cultural identity as a social token. It is widely used for tipping, creator rewards, and community incentives across Farcaster and other social platforms. As more applications integrate with Degen Chain and adopt DEGEN for payments, fees, and rewards, the token’s utility and network effects continue to grow, supporting its position as one of the leading community-powered assets in the Base ecosystem.
When Did Degen Launch?
Degen (DEGEN) launched in January 2024 as a community-created tipping token on the decentralized social platform Farcaster, initiated by early ecosystem contributor Jacek along with support from active Farcaster developers and community members.
What began as a meme-style social token quickly gained traction due to its seamless use for rewarding creators, eventually leading to the development of Degen Chain, a dedicated Layer-3 blockchain announced in early 2025. This transition marked DEGEN’s evolution from a simple tipping asset to a full-utility token powering gas fees, dApps, and on-chain social interactions.
Degen Roadmap Highlights
- 2024: DEGEN launches as a Farcaster tipping token; rapid community adoption drives network effects.
- Early 2025: Announcement and rollout of Degen Chain, a Layer-3 blockchain built using Arbitrum Orbit and settling on Base.
- Mid-2025: Expansion of dApps, games, and DeFi protocols using DEGEN as their native gas and reward token.
- Late 2025: Introduction of upgraded tokenomics, sustainability initiatives, and broader integrations across the Base ecosystem.
- 2026 (Projected): Ecosystem growth through more on-chain social tools, cross-chain bridges, and governance/community upgrades.
What Is the DEGEN Token Utility?
DEGEN serves as both the native gas token of Degen Chain and a widely used social currency across the Farcaster ecosystem. Users spend DEGEN to pay transaction fees, interact with dApps, trade on-chain, mint NFTs, and participate in DeFi and gaming applications built on Degen Chain. The token also powers tipping, creator rewards, community incentives, and a growing set of on-chain social interactions. As the ecosystem expands, DEGEN’s role continues to grow across payments, rewards, and network participation.
You can trade DEGEN on the BingX Spot Market by depositing USDT and searching for the DEGEN/USDT trading pair. Simply place a market or limit order to buy or sell DEGEN, and your tokens will settle directly into your BingX Spot wallet.
What Is Degen Tokenomics?
DEGEN has a fixed maximum supply of 37 billion tokens, with the majority already circulating due to its origins as an open, community-minted tipping token on Farcaster.
DEGEN Token Allocation
- 32.5% — Airdrops: Distributed to early community members and Farcaster participants, rewarding engagement and helping bootstrap network activity.
- 5% — Investors: Allocated to strategic partners who support long-term development, infrastructure, and ecosystem expansion.
- 47.5% — Ecosystem: Reserved for growth initiatives, developer incentives, new product features, community programs, and long-term ecosystem sustainability.
- 15% — Liquidity Pool: Set aside to ensure trading liquidity across exchanges and support smooth market operations for DEGEN.
What Blockchain Network Does Degen Operate on?
Degen operates on Degen Chain, a fast and low-cost Layer-3 blockchain built using Arbitrum Orbit and settling on Base, which is secured by Ethereum. This architecture allows DEGEN to function as the native gas token for all on-chain activity, enabling micro-transactions, social interactions, gaming, and DeFi applications with minimal fees. By leveraging Base’s security and Orbit’s scalability, Degen Chain is optimized for high-volume social and community-driven use cases.
How to Store DEGEN Tokens Securely
The simplest and most secure way to store DEGEN is by keeping it directly in your BingX Spot Wallet. When you buy or deposit DEGEN on BingX, your tokens are protected by institutional-grade security, including cold storage, multi-factor authentication, and advanced risk controls. This option is ideal for users who trade frequently or prefer a custodial solution without handling private keys.
For users who prefer self-custody, DEGEN can also be stored in any wallet compatible with Base or Degen Chain, such as MetaMask, Rainbow Wallet, or Base App. After adding the correct network details, you can use DEGEN across dApps, games, tipping platforms, and DeFi protocols on Degen Chain. To maximize safety, keep your seed phrase offline, double-check network settings, and avoid interacting with unverified links or dApps.
Is Degen (DEGEN) a Good Investment?
Degen (DEGEN) may be considered a strong investment for users who believe in the growth of social-driven crypto ecosystems and scalable Layer-3 networks. Its role as the native gas token of Degen Chain gives it consistent on-chain utility, while its origins as a community tipping token provide strong cultural adoption across Farcaster and other social platforms.
As more dApps, games, and social tools launch on Degen Chain, transactional demand for DEGEN increases, supporting long-term ecosystem value. However, like all community and meme-influenced assets, DEGEN remains highly volatile, so investors should assess risk carefully before taking a position.
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Degen (DEGEN) Price Converter
- DEGEN to USD1 DEGEN = $ 0
- DEGEN to VND1 DEGEN = ₫ 32.00
- DEGEN to EUR1 DEGEN = € 0
- DEGEN to TWD1 DEGEN = NT$ 0.03
- DEGEN to IDR1 DEGEN = Rp 20.32
- DEGEN to PLN1 DEGEN = zł 0
- DEGEN to UZS1 DEGEN = so'm 14.63
- DEGEN to JPY1 DEGEN = ￥ 0.19
- DEGEN to RUB1 DEGEN = ₽ 0.09
- DEGEN to TRY1 DEGEN = ₺ 0.05
- DEGEN to THB1 DEGEN = ฿ 0.03
- DEGEN to UAH1 DEGEN = ₴ 0.05
- DEGEN to SAR1 DEGEN = ر.س 0
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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