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[HOST] Welcome to X1 Report, your source for the latest in blockchain news. Today, we're diving

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into the world of Degen Skulls, a unique NFT that has become more than just a collectible

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for the X1 community.

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[ANALYST] Degen Skulls are small cartoon skulls with various accessories, minted on Solana and now

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bridged to X1. They've evolved into a membership card for the X1 community, offering

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holders exclusive perks and rewards.

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[HOST] The acquisition of XDEX Labs by X1 Labs brought Degen Skulls into the X1 ecosystem in

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September 2025. The deal was framed around enabling cross-chain staking, a mechanism that

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allows users to stake tokens on one chain and earn yield on another.

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[ANALYST] The Degen Skull collection consists of two mints: an OG mint at 0.5 SOL and a FOMO mint at

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2 SOL. Each skull is a Metaplex NFT, with practical perks such as no graduation fee,

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airdrops, and early access to launch tools.

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[HOST] As of September 21, 2026, 342 Degen Skulls have been bridged to X1, each carrying the

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trait 'Bridge: Solana → X1 (Degen.fyi)'. This shows how the collection can move between

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chains seamlessly.

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[ANALYST] On X1, Degen Skulls earn rewards through staking. The Degen staking dashboard shows 438

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million DGN tokens and 236 Skull NFTs staked, with 66 wallets holding 1,433 staking

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positions.

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[HOST] Holding more Skulls boosts a holder's effective stake weight. For example, Tier 1 Skulls

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add 10%, Tier 2 adds 20%, and so on, making the Skull an essential tool for maximizing

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rewards.

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[ANALYST] Degen's utility token, DGN, has a fixed supply of 1 billion tokens. It was fair-launched

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on Solana and is now bridged to X1, trading at about $0.00032 against XNT.

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[HOST] The ecosystem is designed for dual-chain operations, with XDEX serving both Solana and X1,

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and wallets using the same address format on both networks.

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[ANALYST] This setup makes Degen Skulls a natural identity for holders, as they can carry their

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standing across both chains. The next step may be XNT itself reaching Solana, creating a

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seamless path between the two ecosystems.

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[HOST] With the Degen Skulls bridged to X1 and earning rewards, the collection has become more

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than just a collectible—it's a key part of the X1 community's ecosystem.

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[ANALYST] The cross-chain design of Degen Skulls and the broader ecosystem suggests that X1 Labs is

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committed to creating a seamless experience for users across multiple blockchain networks.

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[HOST] For more on how to launch a token on X1, or to learn about other dual-chain projects,

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check out our related articles. Stay tuned for the latest in blockchain news.

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[ANALYST] And remember, this is X1 Report, your source for the latest in blockchain news. Until next

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time, keep exploring and stay informed.