Degen is up 223% in 30 days as Base Blockchain DEX volume surges
The post Degen is up 223% in 30 days as Base Blockchain DEX volume surges appeared on BitcoinEthereumNews.com.
Degen, a popular meme coin on the Base Blockchain, has staged a strong rebound, making it one of the best-performing cryptocurrencies. Degen (DEGEN) has jumped by over 223% in the last 30 days and by 335% from its lowest point this year. Data compiled by Nansen shows that the rebound has coincided with a rising number of smart money holders. It has 67 holders, the highest level since June 19 and higher than the September low of 45. The token has also jumped ahead of its Coinbase listing set for Oct. 15. This is a major development since Coinbase is the biggest crypto exchange in the United States. In most cases, altcoins rally ahead of a big exchange listing. Hey Degens, $DEGEN is set to start trading on Coinbase tomorrow, Oct 15, at 9 AM PT (pending conditions). Huge milestone for our community! Thanks to everyone who’s been with us on this wild @base journey from the start—it’s been epic. Happy trading tomorrow! https://t.co/O6YoLdXErh — Degen 🎩 (@degentokenbase) October 14, 2024 This listing comes a day after the developers partnered with PancakeSwap, the biggest decentralized exchange on the Binance Smart Chain. The partnership led to the launch of the DEGEN-ETH liquidity pool. Degen has now been listed by some of the biggest exchanges in the industry like Gate.io, OKX, Bybit, and HTX. Most of its trading is happening on Uniswap, Aerodrome, and OKX. With the Coinbase listing confirmed, there are chances that Degen will be listed by Binance. Degen’s surge has also coincided with the ongoing surge in Base Blockchain DEX volume. DeFi Llama data shows that the network handled over $5.69 billion in the last seven days, making it the third-biggest chain after Ethereum (ETH) and Solana (SOL). It has overtaken other large networks like BNB Chain, Arbitrum, and…
Filed under: News - @ October 15, 2024 2:24 pm