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HomeCrypto NewsMarketDogecoin Daily Transactions Reach All-Time High, Surpassing BTC and LTC

Dogecoin Daily Transactions Reach All-Time High, Surpassing BTC and LTC


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Daily Dogecoin transactions hit an All-Time High (ATH) of 650k, surpassing Bitcoin (BTC) and Litecoin (LTC), as users cram tokens on the network with skepticism and excitement.

In a surprising turn of events, the daily transaction volume of the most prominent meme coin, Dogecoin (DOGE), has skyrocketed to an all-time high, surpassing the transaction volumes of Litecoin (LTC) and that of the most widely accepted crypto, Bitcoin (BTC).

According to a DOGE enthusiast with the username Mishaboar on Twitter, the sudden surge in activity on the Dogecoin network is primarily attributed to a growing trend of cramming tokens and other assets on top of the blockchain.

Mishaboar shared a market chart, highlighting that the daily Dogecoin transactions peaked at an astonishing 650,000, eclipsing Bitcoin and Litecoin’s transaction volumes. He attributed the transaction surge to the rising interest in minting tokens on the Dogecoin network, the DRC20 standard.


Additionally, Mishaboar noted that a prominent Dogecoin developer, Patrick Lodder, had foreseen the current trend a few days prior when the surge in daily transactions was still notable but had not reached today’s unprecedented levels. 

Crypto Community Reacts

While the development excited some DOGE community members, some other people expressed skepticism and shared a contrary view.

Twitter user Uncle Chad doubted the possibility that some people creating sh.t tokens were trying to cram them on the Dogecoin blockchain. In response, Morgan Ralston, a former developer at Next Level Games, asked the DOGE community to prove that the DOGE chain could handle what Bitcoin could not.



Similarly, crypto enthusiast Martin Stauber contested that the transaction data he looked at does not support the previous claim that some “folks are trying to cram tokens (DRC20 standard) and other stuff on top of the Dogecoin network.”

Stauber claimed that all the traffic on the DOGE network was coming from quite a few wallets, some with massive transaction count exceeding 5,000 within three days compared to when they were first created.

Massive Transactions on DOGE

According to a previous report from TheCryptoBasic, DOGE witnessed a significant surge in on-chain activity early this year, resulting from whale transactions and active addresses. The report noted that the DOGE network saw 86.4k active addresses, representing the highest two-day streak of daily active addresses since November.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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