Market cap
$20.97M
0.43 %
Volume (24h)
$2.45M
0.43 %
Circulating supply
20,947,999,978 DEGEN
Total supply
36,960,002,959 DEGEN
Max. supply
36,963,632,969 DEGEN
DEGEN Index (DEGEN)
$ 0.00
0.43 %
Main info
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Key data
updated $0Market cap$20.97M
Volume 24h$2.45M
Circulating supply20.95B57% of max 36.96B
DEGEN Index (ticker: DEGEN) is a crypto index token built around the 'degen' theme — the speculative, meme-heavy corner of the crypto market. The idea is simple: instead of tracking a bunch of individual risky coins, one token represents the whole basket under a single ticker. Think of it as a wrapper — the name on the front says DEGEN, but under the hood it's exposure to an entire segment of the market.
Frequently asked questions
What is DEGEN Index, and how is it different from a regular coin?
A regular coin like Bitcoin is one standalone asset, while DEGEN Index is an index-style token — it's designed to represent a whole basket of 'degen' assets (the speculative, meme-driven side of crypto) under the single ticker DEGEN. Instead of picking individual risky coins yourself, the index bundles the theme into one position. The flip side is that you inherit all the volatility that comes with that segment.
How does DEGEN work under the hood — does it have its own blockchain?
No — DEGEN is a token, not a blockchain, so it doesn't run its own consensus. It lives on an existing network and inherits that network's security and consensus rules (most modern chains use proof-of-stake). The index logic itself — what's in the basket, the weights, and how it rebalances — is handled by the smart contracts of the protocol that issues it.
How is DEGEN's supply and emission handled?
Index tokens usually don't have mining or a hard-coded emission schedule like Bitcoin. Instead, new DEGEN tokens are typically minted when someone deposits the underlying assets into the index and burned when they redeem, so supply flexes with real demand for the basket. For the exact rules, check the issuing protocol's documentation — details vary from one index to another.
How do I store and use DEGEN?
Since DEGEN is a standard token, any self-custody wallet that supports the network it runs on will do — MetaMask, Rabby, or a hardware wallet like Ledger for extra safety. Your seed phrase is the master key, so write it down offline and never share it with anyone. As for usage, you can hold it, trade it on exchanges where it's listed, or use it in DeFi apps if the protocol supports it.