Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

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Memes

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Altcoins

Degen (DEGEN) is the community currency of the decentralized social network Farcaster, rewarding users for engaging content and driving the new Degen Chain for decentralized apps and transactions.

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For a long time, the social media niche of the crypto industry lagged behind areas such as gaming and 

 (DeFi) in terms of growth and adoption by users. That all started to change last year, in 2023, when a host of innovative SocialFi projects, such as 

, appeared on the horizon. Since early 2024, another key 

 social media platform — Farcaster — has experienced rapid growth, quickly changing the dynamics of competition in the field.

The Farcaster social media protocol has become home to several "channels" and apps, with active community engagement. Farcaster's flagship app, 

, is a gateway that’s used for accessing an ecosystem whose users can broadcast digital content and communicate à la X (formerly Twitter). 

By now, there are thousands of channels within the ecosystem, of which Degen is the most popular. Degen is a unique Farcaster community product that’s launched its own crypto token, DEGEN — which, interestingly, has functions well beyond memes and lighthearted fun. In addition to being a typical social media 

, DEGEN is also used to reward active user engagement on Farcaster. Various apps have also integrated the token for functions such as trading fee payments, and the allocation of grants to digital content creators.

 protocol, a decentralized social media platform that uses an X-like format. 

Degen allows Farcaster users to "tip" other users for posting engaging content. Users who receive tips from other Farcaster community members are awarded points according to the level of engagement their publication generates. Based on the points accumulated, eligible users receive DEGEN tokens via 

The tokens will be distributed to users via three airdrops, with Airdrop 2 currently underway. To qualify for the current airdrop, a user must have held at least 10,000 DEGEN in a Farcaster-connected wallet for at least 48 hours and have made at least three casts (digital content postings). Eligible users receive a daily tip allowance in Degen points to tip other Farcaster users.

Degen is currently the most popular channel within the Farcaster ecosystem by total number of casts, as well as one of the top channels by reaction-to-cast ratio.

The DEGEN crypto was launched by Farcaster's Degen channel in January 2024 as a community token to reward active participation and quality content postings. Thanks to its innovative concept, it immediately livened up the channel and the entire Farcaster ecosystem. 

Prior to the token's launch, Degen was a relatively minor social community, with little to separate it from the thousands of small channels on Farcaster. As DEGEN's popularity has surged since January, several applications have decided to use it as their native token for functions that go beyond simple social media tipping. For example, short video social app Drakula has adopted DEGEN to facilitate the payment of trading fees and award community grants to creators.

In late March 2024, the project launched its own Layer 3 Degen chain to accommodate 

 (DApps) focused on social interaction, as well as areas beyond it. DEGEN is the chain's native cryptocurrency, used for paying gas fees, similar to 

The DEGEN token was launched with a total supply of just under 37 billion. This supply will stay fixed until 2028, with a 1% built-in inflation rate thereafter. Of this token supply, 60% is allocated for distribution via three airdrops. The first airdrop has been finalized, while Airdrop 2 is ongoing until the end of April 2024. Precise details for the third airdrop have yet to be announced.

Besides the airdrops, there are DEGEN supply allocations for a liquidity mining program, liquidity pools on several DeFi platforms, and community development and support.

Currently, Degen uses two external pools that liquidity providers can use to earn yields on 

The chart below shows the DEGEN token's supply allocation shares.

Farcaster’s protocol is designed to facilitate the launch of sufficiently decentralized social media apps. A “sufficiently decentralized” network is defined as one on which two users can interact with each other even if the rest of the network wants to prevent it. The protocol is based on 

 (OP), a popular Layer 2 platform linked to the Ethereum blockchain.

Farcaster features a format quite similar to that of X, with users sharing digital content in the form of casts — rough equivalents of tweets on X or forum posts on Reddit.

A key element of the Farcaster protocol is its Warpcast wallet app, which lets you interact with the many channels — public interaction spaces dedicated to a specific topic or theme — within the Farcaster ecosystem.

 is a type of content posting that features an interactive, full-fledged app embedded into the cast. Using Frames, you can utilize fairly advanced app functionality in your casts. Users have employed Frames for video content, interactive polls, live feeds and more. Thanks to their interactive nature, Frames have expanded Farcaster's popularity since their introduction in January 2024.

The Farcaster platform isn’t a newbie on the decentralized social media scene, having been founded in 2020, but it was only with the launch of the Frames functionality that the protocol finally took off.

 are the primary way that users on the platform interact with others and with their own accounts. Farcaster messages aren't limited to posting textual or other digital content to a channel, as the platform uses the message term to denote any user interaction with the network registered on the blockchain. This includes posting content via casts, liking other users' casts, following other users, uploading a profile picture and proving ownership of digital assets on the underlying blockchain, Ethereum.

 network of nodes, which facilitates the scaling of Farcaster to millions of users. To prevent network spamming, users are charged rent for storing their messages on the network.

Below are the five primary message types that users can publish to the Farcaster network.

Channels are public interaction spaces where users can communicate, share content via casts and tip other community participants' casts. Users can create a channel host by paying a fee with Warpcast to grow their own audience. Farcaster channels are typically structured around a particular topic or theme, and are thus similar to communities on X or subreddits on Reddit.

In late March 2024, the Degen project launched its own 

-compatibleLayer 3 (L3) platform, the Degen chain. It sits atop the 

, which, in turn, is linked to the underlying Ethereum 

 (L1) blockchain. The Degen chain was built using 

 technology that facilitates the launch of highly customizable blockchains, including L2 networks that settle directly on Ethereum or L3 networks that settle on any Ethereum L2 chains.

The Degen chain purports to have minimal transaction costs, which will undoubtedly encourage more active DApp development and adoption on the newly created platform. DEGEN is designated as the chain's native 

By launching its own network, Degen is moving beyond being just another Farcaster channel and into something more ambitious: a full-fledged decentralized community with a variety of DApps utilizing the DEGEN token in their functional models. This should further expand the token’s applications and use cases.

The Degen chain has so far proved to be popular among crypto enthusiasts, particularly meme coin aficionados. After just four days of operation, the chain reached

, with more than 2,000 custom tokens having been launched on it. At this early stage, the majority of these tokens are believed to be related to various scams, and investors are warned to treat these assets with caution. However, as the chain matures and its functionally useful DApps gain recognition, the new L3 network has a great chance of becoming a major social media hub.

Layer 3 blockchains are highly customizable networks deployed for specific use cases, sometimes even for a single application. They sit on top of an L2 chain, and have the potential to extend its functionality to better fit the project’s needs. In the case of the Degen chain, which uses Base L2, the primary use cases revolve around social network apps, as well as other projects that might want to use DEGEN as their native crypto.

The advantage of having a dedicated Layer 3 is a greater ability to customize the key components of a network. For example, while the Degen chain employs Base for transaction settlement, it uses Arbitrum’s 

 technology for another key functional module, the data availability layer, which is used by decentralized platforms to store data and metadata required for transaction validity checking.

The DEGEN token is still in the early stages of its market presence. So far, the token has benefited massively from its unique concept and the announcement of the Degen L3 chain. DEGEN was introduced in mid-January 2024, trading at tiny fractions of a cent, $0.000023 to be precise. By the time the Degen chain was launched in late March 2024, the DEGEN’s price had risen above $0.02, roughly a 100,000% appreciation. 

As of early April 2024, wild ups and downs for the token remain usual, although this volatility might subside in the future. Nevertheless, any investor considering DEGEN should take into account its current highly volatile nature. Risky, volatile coins carry the potential for extremely high returns. Naturally, you might consider investing in this token for this precise reason if you don't mind 

Besides the opportunity to earn high returns at this early stage, DEGEN might be considered for longer-term investment purposes, based on the following:

The DEGEN token can be bought on Bybit via 

. If you don’t have a Bybit account, you can easily 

 and trade hundreds of crypto assets and products in its Spot and derivatives markets. 

June 4 – June 18, 2024, 9AM UTC, you can earn from two DEGEN Token Splash events with a total prize pool of 

. The first is a Deposit to Earn event exclusive to new users with 2,000,000 DEGEN up for grabs. The second is a 3,000,000 DEGEN Trade to Earn event where you can earn more DEGEN with greater volume of trade, up to a cap of 150,000 DEGEN per account.

Having originated as a meme coin in the social media space, DEGEN and the Degen project are moving toward bigger goals, and Degen is no longer just a channel on Farcaster. With the launch of the Degen L3 chain, Degen’s ecosystem and its native token will support more use cases and innovative projects.

DEGEN will likely still be viewed primarily as a social media token, at least in the short term. However, this new crypto may open up opportunities for projects to integrate social network and community-building functions into finance, gaming, 

 trading and other applications. A lot of this potential hinges on Degen's ability to position its token as a truly functional crypto asset, not just a meme coin. 

At this early stage of the platform, it looks like Degen is starting to successfully build that image. If the Degen project keeps up the pace it’s gathered, we’ll soon be talking about the DEGEN crypto as a universal, multipurpose asset for a wide variety of use cases and applications.

Degen (DEGEN): The Community Currency of Social Network Farcaster

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards