Degen Chain (an Ethereum layer-3 chain) broke the previous record of transaction per second rate with 37.12, exceeding its base blockchain’s 30.81. According to a report by, this 68.56% growth resulted 3.2 millions transactions per day. L2BEAT data.
Degen Chain, which has a high transaction per second (TPS), saw a low volume of trading at $819.600 with an average value of $0.27. This is in stark contrast to Ethereum’s average of $1,867, and Base’s average $170.
The experts warn against relying too heavily on TPS, as it does not take into account transaction complexity. Degen Chain is said to have achieved success because of its Degen token (DEGEN), which was initially used as a tipping currency on Farcaster.
Platform now Enjoy the best of everything The DEGEN token has a value of $4.1 Million, which is locked in. Market cap At $345,000,000. Degen Chain has been hailed by many as a low-cost, layer-3 blockchain that leverages Arbitrum Orbit and Base’s settlement layer to scale.
Degen Chain’s success despite a low trading volume demonstrates the DEGEN token’s potential and innovative layer-3 technology.
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