The price of memecoin Longyi DEGEN on Base has increased nearly 10 times in the past two weeks. The community has strong cohesion and is extremely popular. This week, DAO infrastructure service provider Syndicate launched an ultra-low-cost L3 chain Degen Chain for the Degen community, but this chain was not launched by the Degen community itself. The Gas token of Degen Chain is also DEGEN, but Degen Chain is built based on Arbitrum Orbit. The Base network only serves as the settlement layer, and the DA layer uses AnyTrust. In fact, since Base has no expectation of issuing coins, DEGEN is regarded as the entrance to participate in its ecology.