Memecoins 3 min read· beginner
DEGEN
The tipping currency of Farcaster, born on Base.
Network
Base mainnet
Supply
36.96B
Use
Farcaster tipping
From meme to utility
DEGEN started as a Farcaster channel reward token in early 2024. It became the tipping standard — every active Farcaster user has a daily DEGEN allowance to tip casts they like.
Why it stuck
Most memecoins fade. DEGEN stuck because it embedded into the social layer: tipping creates daily engagement, daily engagement creates daily demand. It is now used across multiple apps as a "social currency."
- Daily allowance system — every user gets DEGEN to give away
- Tipping casts is the primary use
- Has its own L3 (Degen Chain) built on Base
- Integrated into many Base/Farcaster apps
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