Degen
DEGEN
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Degen price
in SGDS$0.0036444
-S$0.00031954 (-8.07%)
SGD
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Market cap
S$134.29M #168
Circulating supply
36.97B / 36.97B
All-time high
S$0.047208
24h volume
S$18.85M
3.8 / 5
About Degen
DEGEN is a community-driven cryptocurrency that embodies the playful and experimental spirit of the crypto world. Designed for those who love to engage, create, and collaborate, DEGEN has grown into a vibrant ecosystem centered around social interaction and tipping culture. It gained traction as one of the first meme coins on the Base blockchain, fostering a loyal following through initiatives like its Farcaster airdrop, which rewarded content creators with millions in tokens. Beyond its meme status, DEGEN is evolving into a broader platform, with plans for apps and utilities that empower its community. Whether you're tipping peers, participating in events, or exploring its expanding ecosystem, DEGEN offers a dynamic way to be part of crypto's creative frontier.
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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Degen’s price performance
Past year
-47.00%
S$0.01
3 months
-5.82%
S$0.00
30 days
-17.73%
S$0.00
7 days
-23.41%
S$0.00
Degen on socials
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Find out how to buy Degen
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Predict Degen’s prices
How much will Degen be worth over the next few years? Check out the community's thoughts and make your predictions.
View Degen’s price history
Track your Degen’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
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Degen FAQ
Currently, one Degen is worth S$0.0036444. For answers and insight into Degen's price action, you're in the right place. Explore the latest Degen charts and trade responsibly with OKX.
Cryptocurrencies, such as Degen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Degen have been created as well.
Check out our Degen price prediction page to forecast future prices and determine your price targets.
Dive deeper into Degen
DEGEN is a reward token for users of Farcaster, utilizing a unique tip allowance mechanism to empower the community. It also powers the Degen chain, one of the pioneering L3s launched on Base, offering a platform for building and using Degen apps.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Degen
Consensus Mechanism
Base is a Layer-2 (L2) solution on Ethereum that was introduced by Coinbase and developed using Optimism's OP Stack. L2 transactions do not have their own consensus mechanism and are only validated by the execution clients. The so-called sequencer regularly bundles stacks of L2 transactions and publishes them on the L1 network, i.e. Ethereum. Ethereum's consensus mechanism (Proof-of-stake) thus indirectly secures all L2 transactions as soon as they are written to L1.
Incentive Mechanisms and Applicable Fees
Base is a Layer-2 (L2) solution on Ethereum that uses optimistic rollups provided by the OP Stack on which it was developed. Transaction on base are bundled by a, so called, sequencer and the result is regularly submitted as an Layer-1 (L1) transactions. This way many L2 transactions get combined into a single L1 transaction. This lowers the average transaction cost per transaction, because many L2 transactions together fund the transaction cost for the single L1 transaction. This creates incentives to use base rather than the L1, i.e. Ethereum, itself. To get crypto-assets in and out of base, a special smart contract on Ethereum is used. Since there is no consensus mechanism on L2 an additional mechanism ensures that only existing funds can be withdrawn from L2. When a user wants to withdraw funds, that user needs to submit a withdrawal request on L1. If this request remains unchallenged for a period of time the funds can be withdrawn. During this time period any other user can submit a fault proof, which will start a dispute resolution process. This process is designed with economic incentives for correct behaviour.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
21.52699 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) base is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
S$134.29M #168
Circulating supply
36.97B / 36.97B
All-time high
S$0.047208
24h volume
S$18.85M
3.8 / 5