Degen

Degen chains may attract projects with minimal regulatory oversight or tokenomics that prioritize rapid gains. While they can offer huge potential rewards, they are also associated with a high risk of loss, scams, and "rug pulls" (when a project creator suddenly disappears with investor funds). Popular blockchains for degen activity include Ethereum (for NFTs and meme coins) or smaller chains like Solana, Arbitrum, and Avalanche.

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