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2013 was the year of prosperity of SocialFi projects and decentralized social networks in the digital currency world. This year, many decentralized social networks have been launched, which, with their unique capabilities, were able to attract the interest of the digital currency user community. In early 2024, a social network development platform called Forexter was introduced, which grew dramatically in a short period of time and surpassed its competitors. Currently, there are thousands of different channels operating in the social networks of the Forexter protocol. In this article from the homeland of blockchain, we examine the most popular channel of Forexter, the Degen community, and the digital currency of this ecosystem.

Forexter’s rapid growth in early 2024 highlights its dominance in decentralized social platforms
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