Degen
The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About Degen
Analysis of 4 Aug 2026Degen is a Base-native community token that began as a Farcaster tipping and rewards token and is also the native gas token of Degen Chain. The official site now presents DEGEN as the social coin of Base and points to POV belief markets, Degen NFTs, and a planned Degen App as ecosystem products.
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CoinGecko’s 4 August 2026 snapshot places the token near $0.001243, with a roughly $45.2 million market cap, $3.7 million in 24-hour volume, and about 36.38 billion tokens reported as both circulating and total supply. That full reported circulation limits conventional unlock dilution, but the investment case still depends on whether social products and Degen Chain create durable demand.