Degen

Farcaster-native memecoins
DEGEN wasn’t the first Base L2 memecoin to launch on Farcaster, the sufficiently decentralized social network. 

First came $POINTS, a satirical take on off-chain points by Rainbow Wallet and others. Then $WOWOW, referencing low-effort replies discouraged by Farcaster co-founder Dan Romero. And, of course, $FARTS, because… well, why not. 

All these new memecoins are best used with Zerion Wallet, which tracks all assets across all major chains.

Those early experiments proved that Farcaster is the perfect launchpad for memecoins: 

The audience is niche and crypto-savvy 
Onchain handles can be used to create lists for distribution
Farcaster channels are natural places to build communities 
And launching in a channel with an existing community is even better than building it from scratch.