DegenLayer Announces Testnet Release of Its Memecoin Focused Blockchain & Trading Terminal App Suite

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.

DegenLayer Testnet Goes Live: Memecoin Trading Terminal App Suite Set to Launch on Optimism Chain

LUXEMBOURG, Luxembourg, November 21st, 2024, Chainwire

DegenLayer, a memecoin focused blockchain & trading terminal app suite, has announced its testnet release. The platform, designed to facilitate zero setup memecoin trading and creation, marks a key step toward its upcoming mainnet launch.

Built on the Optimism Superchain, DegenLayer will integrate with DEXs and NFT marketplaces within the ecosystem, aiming to tap into the $20 billion liquidity pool. The platform's launch is projected to generate daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million.

With its low transaction fees, user-friendly interface, and gateway for mainstream users to engage in blockchain-based trading and creation, DegenLayer is poised to revolutionize the memecoin landscape.

The project's native token $DELAY was subject to a fair launch on Uniswap last week. Following this successful launch, DELAY is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to their 10 million+ user community.

The project boasts a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), AAA games like The Witcher 3 and Dying Light 2. The founding team's previous venture, SuperBid, achieved remarkable success with a token value increase 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:

DegenLayer's launch marks a significant development in making memecoin trading accessible to mainstream users, while leveraging established Optimism infrastructure. The same infrastructure 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. Media inquiries can be directed to [email protected]