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Layer 3

Degen Chain

A social chain that grew out of a tipping token on Farcaster.

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By the Orca Crypto teamUpdated 2026-09-28How we check this5 min readReference
The short answer

A social chain that grew out of a tipping token on Farcaster. Degen shows what a community can build bottom up. It started as a tipping token and turned into its own layer 3.

Live market data

LiveCoinGecko
Price
$0.00107
-1.44% 24h
Market cap
$38.77M
24h volume
$3.02M
Rank
#586
All time high
$0.0645

Prices as of September 29, 2026, replaced by live figures as the page loads. Prices move constantly and are for orientation only.

What Degen Chain is for

Degen shows what a community can build bottom up. It started as a tipping token and turned into its own layer 3.

Degen Chain settles to Base, which in turn settles to Ethereum. Each hop adds convenience and an assumption.

Technical summary

PropertyValue
LayerLayer 3
Launched2024
Settles toBase
Built withArbitrum Orbit on Base

Block explorers

An explorer lets you verify any transaction, address or contract on this network yourself. Learning to read one is the fastest way to stop taking anyone's word for anything.

How to read a block explorer

Wallets that support it

What to be aware of

  • Security passes through two hops before reaching a layer 1, which adds assumptions.
  • Liquidity is thin compared to major networks, so exits can be more expensive than entries.
  • App specific chains depend heavily on the application continuing to exist.
  • Crypto assets are volatile. Drawdowns of seventy percent or more have happened on every network in this list, including the largest.
  • Sending to an address on the wrong network can lose funds permanently. Always send a small test amount first.

Nothing on this page is investment advice. We describe how networks work, not whether you should buy anything.

Other networks at this layer

Same job, different tradeoffs. Each of these has its own page covering what it is actually for, who runs it and where it struggles.

Common questions

Is Degen a token or a chain?
Both, and it started as the token. DEGEN began as a tipping token on Farcaster and the community built a layer 3 around it, which uses DEGEN for gas.
Why does a social community need a chain?
It does not need one, and building it is the point. Degen is the clearest example of a network that grew from the bottom up out of a community rather than being launched at one.

Where to go next

New to Degen Chain?

We can get you set up with the right wallet, funded, and through a first transaction on this network in about an hour, on a screen share.

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