DegenLayer Introduces the First Memecoin Focused Blockchain

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.

“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.”

Key features and projections:

• 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.

About 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 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.

This article was written by FL Contributors at www.forexlive.com.