The current price of Degen ($DEGEN) is approximately $0.00326, with a 24-hour trading volume of around $4.3 million. The circulating supply is about 14.18 billion DEGEN tokens, with a total max supply of approximately 37 billion tokens. DEGEN has recently seen an 11% increase in the past week, showing some positive momentum in the market [oai_citation:4,Degen price today, DEGEN to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/degen-base/) (https://www.coingecko.com/en/coins/degen-base)(https://www.binance.com/en/price/degen-base).

The token originally started as a meme coin but has evolved into a currency used within the Farcaster network to reward community engagement through social media interactions like posts and comments (https://www.kucoin.com/price/DEGEN).