Large-level degeneracy of a closed bosonic string ($g_N\sim \frac{1}{2}(N-1{)}^{-27/2}{e}^{8\pi \sqrt{N-1}}$)

The left and right transverse oscillator sectors each have generating function ${\prod }_{m\ge 1}(1-q^m{)}^{-24}$. Its coefficient satisfies $d_N\sim 2^{-1/2}(N-1{)}^{-27/4}{e}^{4\pi \sqrt{N-1}}$. Closed-string level matching requires equal levels but leaves their polarizations independent, so $g_N=d_N^2$. With ${\alpha }^{\prime }{M}^2=4(N-1)$, the exponential is $e^{{\beta }_{H}M}$ with ${\beta }_H=4\pi \sqrt{{\alpha }^{\prime }}$. The smooth rest-mass density is proportional to $M^{-26}{e}^{{\beta }_{H}M}$, since $dN/dM={\alpha }^{\prime }M/2$. This distinguishes degeneracy per level from density per unit mass. The polynomial prefactor matters at the boundary of canonical convergence.