what's Degen Arena?

Degen Arena is a blockchain-based play-to-earn gaming platform that combines competitive dueling mechanics with cryptocurrency staking and rewards. Built on layer-2 networks like Blast and Base, it allows players to engage in on-chain battles, wager assets, and earn tokens through gameplay, gacha systems, and passive income mechanisms. The game emphasizes high-stakes, skill-based interactions where participants stake ETH or other assets to duel for cosmetics, gold, and exclusive items, all escrowed transparently on the blockchain. Key features include invite-only betas, airdrop distributions to early players, and integration with ecosystem tokens for enhanced rewards. Players can access chests, faerie cash systems, and community events that drive engagement, fostering a "degen" culture of risk and reward in a Web3 environment. The platform's v2 iteration expanded to include advanced staking pools and cross-chain compatibility, aiming to dominate airdrop leaderboards while distributing full protocol emissions to users.

Degen Arena completed 1M+ duels, generated ~$400K revenue since Aug 2025.