Degens are both night and day traders of NFTs; always on, always working, just like the Ethereum network itself. This casual group of self-proclaimed degenerates has a sleepless ambition in common, which requires a tireless on-chain presence. Unlike large financial institutions, brokerages, and trading houses on the stock exchange, transactions on public blockchains are most often executed by individuals who reference market resources, lists, analytics tools, and their collective instincts and intuitions. Degens gamble with assets in a gamified way, in a friendly real-time competition. They relish volatility in the market because any NFT can be attractive if its price fluctuates often, or dramatically, on a given day. Along with a shared appreciation for NFT art, PFPs, and other collectibles, Degens often work together to capitalize on market inefficiencies and profit from price changes.