DegenLayer is a Layer 2 solution for Ethereum, designed specifically for the development of the memecoin ecosystem. It uses Optimism's rollup technology, which provides high transaction speeds (up to 2,000 TPS) at minimal cost (<$0.01 per transaction). The network features PumpTechnology, a new mechanism where platform fees fund the redemption and burning of memcoins, directly benefiting the community and increasing the value of tokens.

The DegenLayer App simplifies user login through integration with a multi-chain wallet and provides intuitive tools for trading, tracking and betting.

The ecosystem is managed by the DELAY token, which is used to pay for gas, trading pairs and bets. DELAY holders can influence ransom distribution, earn rewards and capitalize on the deflationary nature of tokenomics. The platform incentivizes participation through referral systems and aims to develop a decentralized memecoin economy.