Meme Coins on Degen Chain Flourish as New Layer 3 Racks up Millions in Volumes
Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2.
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Degen Chain was released last week as a specialized network that sits atop Base, which itself is an Ethereum layer 2.
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.
The platform is adding four features designed to make trading faster, cheaper and more customized.
CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.
Base booth at ETHDenver (Danny Nelson/CoinDesk)
One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.
The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.
Decentralized Exchange had over $80 million in total value locked before the incident.
The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.