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A new layer three is stealing the meme coin spotlight. Dgen chain was released last week as a specialized

network that sits on top of base, which is an Ethereum layer 2. Since its launch, the project has

attracted significant attention and transactional volume with its native token DGEN zooming 500%

since release.

As of Monday, the network primarily housed speculative tokens,

but that hasn't stopped speculators from trading millions of dollars in volume.

On-chain analysts say over 7,500 contracts and 2,300 tokens have been floated on the network since Thursday, albeit mostly rug pulls or

scams.

Tornado cash developer Roman Storm's legal team filed a motion on Friday to dismiss a criminal

indictment, alleging that he conspired to commit money laundering and violate sanctions.

Storm was arrested last year over his work with tornado cash, which has been used

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