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DegenLayer Launches Testnet for Memecoin Trading Platform

DegenLayer introduces a new memecoin trading platform, leveraging the Optimism Superchain to enhance accessibility and innovation.
Published on 2024-11-21

DegenLayer's Testnet Launch

DegenLayer, a newly introduced memecoin-focused blockchain and trading terminal app suite, has announced the release of its testnet. This marks a crucial step towards the platform's anticipated mainnet launch. Aiming to offer zero setup in memecoin trading and creation, DegenLayer taps into the $20 billion liquidity of the Optimism Superchain ecosystem.

Financial Projections and Features

The developers of DegenLayer anticipate daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and an intuitive user interface, the platform is designed to engage mainstream users in blockchain trading. The native token, $DELAY, was fair launched on Uniswap and is slated for listing on a top 15 CoinGecko-ranked exchange, reaching over 10 million users.

Strong Development Team

DegenLayer is powered by a team of over 60 individuals with successful backgrounds in projects such as PunksClub.io and Music.com. The founding team has a history of driving significant token value increases, exemplified by their previous success with SuperBid. Their expertise spans Web3, gaming, and entertainment, ensuring robust user experiences.

Key Features and Innovations

DegenLayer introduces several innovative features:

  • "Pump Technology," allocating 50% of revenue to user rewards and memecoin buybacks.
  • A viral referral program with projected daily reward distributions of $100,000.
  • Seamless integration with Telegram's extensive user base via a mini app.
  • A one-click interface for memecoin creation and trading, targeting non-crypto users.
  • Transaction fees below $0.01 and a capacity of 2,000 TPS.

Conclusion

DegenLayer's launch represents a significant advancement in making memecoin trading accessible to a broader audience. Utilizing the established Optimism infrastructure, it aims to revolutionize the memecoin trading landscape by offering cost-effective and high-speed transactions along with a user-friendly interface. For further details, users can visit the DegenLayer website.

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