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.
The strongest sector growth this year has emerged from non-serious tokens, and the rally shows no signs of stopping.
Meme coins have been in a bull rally recently, dominating the top five performers of the week. In particular, PEPE … Continue reading
The post This early PEPE investor turns $3,000 to $35 million appeared first on Finbold.
A bump in network activity and usage could contribute to an upside for Solana’s SOL tokens.
“These coins, often inspired by internet culture and humor, go beyond mere utility assets,” the foundation said.
Solana ecosystem tokens have surged several multiples in the past month. Traders could now be taking profits to rotate funds into newer plays.
Value locked on the blockchain’s applications has more than doubled since November.
The team is working with Web3 domains player D3 to apply for and win the “.shib” internet domain as part of a broader push toward a decentralized identity project.
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.