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DEGEN was launched in January 2024 and serves as an ERC-20 token built on the underlying blockchain. As of March 26, DefiLlama data shows that Total Locked Base Value (TVL) has reached an all-time high, raising a total of $985 million.
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The purpose of creating Matic is to increase the adoption of Ethereum. Matic plays an important role in the development of Ethereum infrastructure. Matic has provided a secure and user-friendly network by using plasma side chains. In this way, the cooperation between the network and Dapps is improved.
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