DegenLayer launches first Memecoin-centric blockchain

adminNovember 21, 2024

Luxembourg, Luxembourg, November 21, 2024, Chainwire

DegenLayer, a newly launched memecoin-focused blockchain and trading terminal app suite, has announced the launch of its testnet, marking a significant step towards its upcoming mainnet launch. The platform aims to facilitate zero-setup memecoin trading and creation by leveraging $20 billion of liquidity within the Optimism Superchain ecosystem.

The project developers expect daily profits in ETH to be $1 million, assuming 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 transactions and creation.

The project’s native token $DELAY was fairly launched on Uniswap last week and is expected to be listed on one of the top 15 exchanges ranked by CoinGecko next week, providing access to the token to its community of over 10 million users.

The project is driven by a team of over 60 people with notable successes including the CryptoPunk social network PunksClub.io, Music.com developed with Pharrell Williams, and AAA games such as The Witcher 3 and Dying Light 2. The founding team has previously achieved remarkable results. Success with SuperBid boosts token value from $0.01 to $12 in 2021.

“Our proven track record in both Web3 and gaming demonstrates our ability to deliver engaging user experiences,” said Jacob Rylko, co-founder and CEO. “With DegenLayer, we are accelerating adoption by leveraging our existing user reach of over 3 million users with Firecoin, our Telegram mini app.”

Key features and expectations:

Innovative “pump technology” that allocates 50% of profits to viral user rewards, $DELAY and memecoin buybacks
Viral referral program expecting daily reward distribution of $100,000
Seamless integration with Telegram’s 1 billion+ user base through mini apps
One-click memecoin creation and trading interface for non-cryptocurrency users
Transaction fees less than $0.01 at 2,000 TPS capacity

The launch of DegenLayer represents an important milestone in making memecoin trading accessible to mainstream users while leveraging the same existing Optimism infrastructure used by Coinbase’s BASE Layer 2.

Introduction to DegenLayer

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 trading and creating memecoins. Supported by a team with expertise in Web3, gaming and entertainment, DegenLayer aims to provide innovative blockchain solutions to the global market.

To learn more about DegenLayer and its innovative approach to Memecoin trading, visit https://degenlayer.wtf. For media inquiries, please send to contact@degenlayer.wtf.