Degen (DEGEN): D-Score 43/100 — Moderately Decentralized

BlockIndex D-Score: 43/100 (Moderately Decentralized). Degen (DEGEN) is a Layer 2 cryptocurrency using N/A consensus. Degen: Emerging Meme Coin Leveraging Decentralized Community and Base Chain Efficiency.

Source: https://blockindex.ai/coin/degen · Data by BlockIndex.AI · Updated 2026-06-19

D-Score breakdown (0-100, higher means more decentralized)
Component: Score: Overall D-Score: 43: Node distribution: 0: Initial distribution: 25: Governance: 11: Age and history: 7: Autonomy: 0: Key facts
- Layer: Layer 2
- Consensus: N/A (N/A)
- Launch: Airdrop (2024)
- Founder: Jacek
- VC funded: No
- Max supply: 36,963,632,969
- Circulating: 23,424,633,218 (63.4%)

Market data (as of 2026-06-19)
- Price: $0
- Market cap: $37.28M
- 24h volume: $5.32M
- 24h change: +6.06% · 7d change: -6.98%

About
Degen is an innovative meme cryptocurrency thriving within the Base ecosystem. It began as a tipping token on the Farcaster platform, quickly evolving into a prominent meme coin with a strong community-driven nature. By incorporating fun and finance, Degen encourages decentralized participation and fosters creativity among its users. Operating as a layer-3 token on the Base chain, it is optimized with Arbitrum technology for high throughput and efficiency. Community-centric features and participatory governance are core to its architecture, emphasizing community proposals and voting for decision-making. The token boasts a large supply, with a significant portion already circulating after an initial airdrop. Its monetary policy is designed to support long-term sustainability and growth, with underlying support from the Ethereum PoS mechanism inherited through Base. Degen's market presence is notable, with listings on major exchanges and a robust trading volume that underscores its popularity beyond meme culture. Its development roadmap focuses on expanding the project's ecosystem and application, reinforcing it as a cultural icon in crypto.

Links
- Website: https://www.degen.tips/
- Whitepaper: N/A
- GitHub: N/A

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore