jakiro
Author: Jack Inabinet, Bankless; Compilation: Deng Tong, Bit Chain Vision World Realm
Culture, catalyst and coinbase.With the acceleration of the Base season, Memecoin Dege was rejuvenated last month, and the holder received a 4,000%return in March.What catalyst promotes Degen to reach the unicorn valuation, can it continue this momentum?
Afterwards, Zhuge Liang, but Degen seemed to use two most popular encrypted narratives: Memecoin, and one of the most successful cases on Base.
Farcaster’s early adopter received a Degen reward on Base, and the launch of tipping consolidated the position of the token as the main Memecoin as a web3 social application, making it the best purchase asset for FarCaster’s risk.
After the implementation of the EIP-4844, the trading activities on Base have surged significantly, which indicates that the chain is the first choice for users on the chain, but the nature of the universal currency of the chain makes people have to find native assets to express their position.DEGEN fills this gap, from the simple game on Farcaster to the cultural currency of the entire Base ecosystem.
Although external catalysts have made significant contributions to Degen’s success, the recent internal development has also played a key role. The Degen Chain announced on Thursday helped tokens rise by 285%yesterday.
Degen chain and web3 infrastructure provider Syndicate jointly deployed to use Degen as its GAS tokens and one of the first L3s specially built for the community.Tip and community rewards for paying and game!
Because Degen is a GAS token of Degen Chain, the native bridge exchanges all the deposits on the chain to Degen, which gives the actual utility of the tokens and generates direct purchase pressure. These factors have been positively reflected through price increases.
In addition, since there is no fast bridge solution on Degen Chain, the 7 -day optimistic challenge period of the storage households must wait for the standard to withdraw funds from the network. This actually locks them in the more risk -of -risk MEMECOIN paddling of Dege and L3.
In view of DEGEN successfully built itself into a Base’s cultural coin and the project hopes to create a useful infrastructure, the token seems to be the main candidate for the potential investment of the potential investment of the COINBASE and Base Ecosystem Fund in the future.
The tokens of other popular Base applications, including Aerodrome, were previously favored by Coinbase to support projects built on its chain. Such events may have a positive impact on prices.
