DEEP DIVE INTO THE HISTORY OF DEGEN

Summary from the TLDR Crypto newsletter

This post explores how Degenchain has grown since its L3 launch on Base. Degenchain is community-driven and has shifted to a robust ecosystem with high transaction rates. The history of its native DEGEN token is traced from a community token on Farcaster, a crypto-native social network, to its ascent as a primary utility token. Future catalysts for DEGEN's growth include Coinbase's market influence, Base network's expansion, potential ETH ETFs, Bitcoin halving, and onchain events like "Onchain Summer”.