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Degen (DEGEN) — price, overview & secure storage
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Last Updated on Oct 08, 2026 08:34 PM
What is Degen? Complete guide to DEGEN
What is Degen and who created it?
Degen Token ($DEGEN) originated as a reward token for participants in the Farcaster Degen channel. Initially launched as a meme coin, it has grown to attract a significant following of developers, crypto content creators, and enthusiasts. The token's community-driven nature is evident in its distribution strategy, with 15% of the total supply airdropped to active members of the Farcaster's Degen channel and plans to eventually airdrop 70% of the total supply.
Key features of Degen blockchain
$DEGEN is now listed on OKX, allowing for spot trading against USD. It features a unique tip allowance mechanism that empowers the community to fund and reward quality content creators. This mechanism is part of the token's broader mission to support and incentivize the creation of valuable content within the Farcaster ecosystem.
How Degen transactions work
$DEGEN powers the Degen chain, a pioneering Layer 3 blockchain on Base, specifically designed for building decentralized applications (Dapps). The token's ecosystem includes DegenPad, a platform that supports Farcaster builders by providing a space to launch projects using $DEGEN. This initiative promotes inclusivity and innovation within the community, fostering a collaborative environment for developers and creators. The token boasts a fully diluted market cap of $118.72 million, a price of $0.003, with 465,000 holders and 6 million transactions.
Wallet for Degen
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Tangem supports networks for Degen
- Robinhood
- Base
- Ethereum
- Arbitrum One
- Solana
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Similar cryptocurrencies to Degen (DEGEN)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 Bitcoin BTC | $81,754.29 | -2.08% | $1.64T |
 Ethereum ETH | $2,468.32 | -4.16% | $0.30T |
 Tether USDT | $0.9993 | -0.03% | $0.18T |
 BNB BNB | $732.94 | -4.95% | $97.60B |
 XRP XRP | $1.38 | -3.02% | $86.92B |
Frequently asked questions about Degen (DEGEN)
- Degen is a digital currency powered by blockchain technology. It allows users to send value, access decentralized tools, and participate in the project’s ecosystem.
- Degen offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- They refer to the same cryptocurrency. DEGEN is the abbreviated code used in trading platforms.
- You can buy Degen using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- Use a cold storage solution to protect Degen from online threats. Tangem keeps your keys isolated in a secure offline chip.
How to store Degen securely with a hardware wallet
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why Tangem is a trusted Degen hardware wallet
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
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