DegenLayer Introduces The First Memecoin Focused Blockchain

LUXEMBOURG, Luxembourg, November 21st, 2024/Chainwire/--DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.

\ The project's developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.

\ The project's native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community.

\ The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021.

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"Our proven track record in both Web3 and gaming demonstrates our ability to deliver compelling user experiences," says Jacob Rylko, Co-Founder & CEO. "With DegenLayer, we're leveraging our existing reach of 3 million+ users through our Telegram mini-app, Firecoin, to accelerate adoption."

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• Innovative "Pump Technology" with 50% of revenue allocated to viral user rewards, $DELAY and memecoin buybacks
• Viral referral program projecting $100,000 daily reward distributions
• Seamless integration with Telegram's 1B+ user base via a mini app
• One-click memecoin creation and trading interface for non-crypto users
• Transaction fees below $0.01 with 2,000 TPS capacity

\ DegenLayer's launch represents a significant milestone in making memecoin trading accessible to mainstream users while leveraging established Optimism infrastructure, the same that is used by Coinbase's BASE Layer 2.

DegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.

\ For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to [email protected].

CEO

Jacob Rylko

DegenLayer

[email protected]

:::tip This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here

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