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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.

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
Degen Chain primarily houses speculative tokens, with trading volumes in the millions of dollars. (Anjo Clacino/Unsplash, modified by CoinDesk)