$DEGEN Chain: We're live! Degen L3 is up and running. More info coming soon on Degen.tips. A big thank you to @syndicate for making this chain happen! Also, a special shoutout to @conduit and @airstack for their tremendous work behind the scenes. For more details, check out: https://syndicate.io/blog/degen-chain.

can someone eli5 the new degen chain & why degen needs/has its own l3? looks cool & bullish on all the dev work happening in the degen community for sure, im just a bit behind on this topic

can someone eli5 the new degen chain & why degen needs/has its own l3? looks cool & bullish on all the dev work happening in the degen community for sure, im just a bit behind on this topic

https://warpcast.com/jacek/0x9c7473c0

building products /neynar, hacking /farhack, yapping /dylan | dylansteck.com

building degencast.wtf /degencast . ex-bitmain, binance

interesting point, that’s certainly a lot of $$ 

separately curious what those fees are — transactions, storing the videos, cost per user, etc

Dracula gas sponsoring on base cost 10k usd. This alone justifies a L3 kinda?

Utility token > meme coin but mostly cause I suspect tipping will migrate from points system to real time transactions and that would be prohibitively expensive to do on base

It does not need it but it will burn degen for fees. Deflationary & increase price.
Faster tx
Lower fees
Good experiment
Showoff technology