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"Degen" on the Base Ethereum chain refers to a term commonly used in crypto communities to describe high-risk, speculative trading and investment behavior. Base, an Ethereum Layer 2 network developed by Coinbase, offers lower fees and faster transactions, attracting many "degen" traders looking for quick gains in meme coins, NFTs, and decentralized finance (DeFi) projects. Due to its accessibility and integration with Ethereum, Base has become a hotspot for rapid trading and experimental crypto activities. However, like any speculative environment, it carries risks of volatility, scams, and rug pulls. 38 replies
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