{"id":2161,"date":"2024-06-19T06:02:50","date_gmt":"2024-06-19T06:02:50","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/19\/degen-ranks-second-to-doge-in-these-important-on-chain-metrics\/"},"modified":"2024-06-19T06:02:50","modified_gmt":"2024-06-19T06:02:50","slug":"degen-ranks-second-to-doge-in-these-important-on-chain-metrics","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/19\/degen-ranks-second-to-doge-in-these-important-on-chain-metrics\/","title":{"rendered":"DEGEN ranks second to DOGE in these important on-chain metrics."},"content":{"rendered":"<p>The surge in metrics for Dogecoin and Degen suggests growing popularity within the crypto community. Dogecoin had the highest number of traders at 134,000, representing 26.76% of the total count on June 17.<\/p>\n<p>In comparison, Degen had 21,000 traders on February 26, accounting for just over 2%. Over the past four months, Degen has surged to reach 115,000 traders, representing 22.8% of the market.<\/p>\n<p>The crypto exchange Uphold&#8217;s announcement of DEGEN token&#8217;s listing has contributed to its surge. DEGEN aims to transition from its reward mechanism, where users earn tokens via community interaction, to a decentralized applications (dApps) ecosystem with DEGEN Chain.<\/p>\n<p>The platform will utilize DEGEN as the native token to power this ecosystem. DEGEN Chain, the platform&#8217;s ecosystem for dApps, is an Arbitrum Orbit chain integrating with Base and utilizing AnyTrust for data availability.<\/p>\n<p>The development of this ecosystem signifies Degen&#8217;s growth and expansion within the crypto space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The surge in metrics for Dogecoin and Degen suggests growing popularity within the crypto community. Dogecoin had the highest number of traders at 134,000, representing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[663],"tags":[],"class_list":["post-2161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-ecosystem"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2161"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2160"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}