Degen launches low-cost Layer 3 blockchain Degen Chain, DEGEN price hits record high

According to BlockBeats, Base ecological Meme project Degen announced the launch of low-cost Layer 3 blockchain Degen Chain. The network is built using Arbitrum Orbit and AnyTrust DA, the settlement layer is Base, and the native Gas token is DEGEN. Syndicate becomes Degen Chain’s Layer 3 infrastructure partner. Degen was launched in the Degen channel community on Farcaster in January 2024 to reshape the Farcaster ecosystem by distributing tokens. There are currently 53,000 holders and over 553,000 DEGEN transactions. According to CoinGekco data, DEGEN increased by 37% in 24 hours, with a quotation of 0.02035, a record high.