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The Evolution of Degen Tokens: From Speculation to Utility.
Degen tokens have evolved from pure speculative assets to incorporating utility-driven features. Initially driven by hype, memes, and FOMO, these tokens attracted traders seeking quick gains. Over time, successful projects recognized the need for sustainability, introducing real-world applications and value. Some tokens now offer staking rewards, governance rights, and DeFi integration. Others link with NFTs, play-to-earn games, or metaverse applications, enhancing their ecosystem. This shift from speculation to utility fosters long-term adoption and credibility while reducing reliance on volatile market trends. The evolution highlights the importance of innovation and community-driven development in transforming high-risk tokens into sustainable crypto projects. 3 replies
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