DegenLayer, a new memecoin-focused blockchain and trading terminal app suite, announced its testnet release, making it easier for users to engage in blockchain-based trading and creation. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.
With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to participate in blockchain-based trading. The project’s native token $DELAY was recently launched on Uniswap and will be listed on one of the top 15 CoinGecko-ranked exchanges next week, offering access to the token for their 10 million+ user community.
The DegenLayer project is backed by a 60-person team with notable successes, including PunksClub.io, Music.com, The Witcher 3, and Dying Light 2. Their previous project, SuperBid, saw token value rise from $0.01 to $12 in 2021. Key features of DegenLayer include:
1. Innovative “Pump Technology” with 50% of revenue allocated to viral user rewards, $DELAY, and memecoin buybacks
2.
Viral referral program projecting $100,000 daily reward distributions
3. Seamless integration with Telegram’s 1B+ user base via a mini app
4. One-click memecoin creation and trading interface for non-crypto users
5. Transaction fees below $0.01 with 2,000 TPS capacity
DegenLayer’s launch marks a significant milestone in making memecoin trading accessible to mainstream users, leveraging established Optimism infrastructure, the same used by Coinbase’s BASE Layer 2.
