According to the latest data released by NameBio, the domain name DegenCity.com was sold for $49,999 (approximately RMB 360,000) through the Afternic platform, becoming the second-highest sale of the day, second only to Sigma.io’s $100,000.
The transaction occurred on September 21, 2025, during a period when there were 442 domain name sales exceeding $100, totaling $432,463. The sale price of DegenCity.com far exceeded the market average of $978.42, highlighting the significant appreciation potential of domain names in specific niches.
“DegenCity” is a compound word composed of “Degen” and “City.” In cryptocurrency culture, “Degen” is short for “degenerate,” specifically referring to speculators engaging in high-risk cryptocurrency transactions. The term gained popularity with the rise of decentralized finance (DeFi) and blockchain gaming.
Combining “Degen” with “City” could suggest a virtual city or trading platform built specifically for crypto enthusiasts. Such concepts are particularly sought-after amid the booming metaverse and Web 3.0 landscape.
The value of such domain names lies in their ability to instantly convey brand positioning and attract a specific user base. For startups, having a domain name that accurately describes their business scope can significantly reduce marketing costs.
For investors, the value of a domain name ultimately depends on the actual needs and development intentions of end users. As more traditional businesses accelerate their digital transformation, trading activity for premium domain names, as a key component of digital assets, is expected to continue to rise.
The article comes from the Internet. If there is any infringement, please notify me to delete it. Please indicate the source when reprinting！
If you have news to publish, please send it to:article@domain.news
