Base

Today, we’re excited to announce the launch of Degen Chain, an L3 for the /degen community built with Arbitrum Orbit, @base for settlement, and AnyTrust for DA.

The chain’s native gas token is $DEGEN, making it one of the first community tokens with its own L3.

Read more: https://syndicate.io/blog/degen-chain

Degen is pioneering the future by launching one of the first L3s on Base

L3s are appchains which deliver lightning-fast transactions because they settle on L2s like Base instead of connecting directly to Ethereum

A new onchain internet demands new models for scaling, and L3s utilize the power of L2s in new ways

In simple terms how does this compare to momoka (I know they are different but would like someone to clarify how)