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HomeCrypto NewsMarketDogechain Onchain Stats Reveal Why DC is Up 300% In 7 Days

Dogechain Onchain Stats Reveal Why DC is Up 300% In 7 Days

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Dogechain Stats Reveal Milestones of 55M On-Chain Transactions and 250K Unique Wallets.



Dogechain has attained some mind-blowing milestones helping its native token price to rise sharply, including 55M on-chain transactions and 250K unique wallets.

Despite a controversial entry to the cryptocurrency scene, the unofficial layer-2 solution built to complement the Dogecoin network has seen massive growth in adoption rate, leading to impressive milestones achieved shortly after its launch.

Amidst persistent developments pumped into the blockchain and a drastic switch in sentiments since its outset, an updated report on the chain’s latest achievements was recently shared, indicating a burgeoning state.

The official community-based Twitter handle of the Dogechain network DogechainFamily revealed this report through the aves-themed social platform on Monday.

The report indicates that the Dogechain network successfully processed over 55 million transactions. This metric indicates a 10% increase in transaction count on the network in less than three weeks, as transaction count previously sat at a value of 50 million on October 8.

Additionally, unique wallets on Dogechain have soared to a value above 250K, indicating a 2.4% increase in less than three weeks. Unique wallets on the Dogechain network totaled 244K on October 8, as The Crypto Basic previously highlighted the impressive achievement almost 20 days ago.

Furthermore, Dogechain has witnessed over 1M transactions in the past 24 hours, as of press time. In addition, within the past 24 hours, CEX trading volume has surpassed $55M, with on-chain DEX trading volume sitting at a value of $2.5M+.

 

Dogechain’s growth can be attributed to the relentless developments the network has witnessed from the team. Last month, the Dogechain team unveiled the network’s unique naming system dubbed the Doge Name Service (DNS). Shortly after unveiling the Doge Name Service, the Dogechain team introduced its unique governance platform, Dogegress.

Last Friday, Dogechain’s price was $0.0004; since then, DC price has climbed to $0.00176, showing an increase of above 300% in a week, reaching levels not seen since Sept. 12.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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