Dogechain has attained some incredible heights two months after inception, with 244k unique wallets and a cumulative transaction count of 50 million.

Despite a controversial start, Dogechain – the unofficial layer-2 solution for the Dogecoin network – has seen a steady increase in adoption, with developers aiming to bring more mainstream attention to the solution through periodic developments.

The concept of the layer-2 chain has recently been received well by some proponents, as indicated by the massive growth of unique wallets and cumulative transactions. The official Dogechain Twitter handle revealed the magnificent heights the network has reached on Friday.

“In just two months, #Dogechain has reached some incredible milestones. Two of the most impressive ones remain: 

50 million transactions.

244,000 unique wallets,” the handle noted in a tweet.

In just 2 months, #Dogechain has reached some incredible milestones. ?

? Two of the most impressive ones remain:

? 50 million transactions
? 244,000 unique wallets

We appreciate the community's support that helped us achieve so much, so quickly. ? pic.twitter.com/DilL3udWXc

— Dogechain? (Giving away a Tesla) (@DogechainFamily) October 7, 2022

The Dogechain handle further appreciated the community for its massive support. These accomplishments indicate the network’s growing adoption rate, which is only possible due to the community’s interest.

A feat of 50 million transactions and 244,000 unique wallets in 2 months is commendable, considering Dogechain’s position in the crypto ecosystem. At this growth rate, the layer-2 solution could start reaching heights attained by the top dogs in no time.

Recall that the cumulative transaction count on Dogechain was sitting at 15 million as of September 5, as The Crypto Basic earlier highlighted. The current count of 50 million marks a 233% increase in transaction count in the space of a month.

Additionally, on September 19, Dogechain introduced its unique naming system, the Doge Name Service (DNS). The naming system enables users to adopt a readable .doge address instead of a string of characters that would be hard to recall.

To introduce more value to Dogechain, the team mentioned a buyback-and-burning initiative associated with the DNS tokenomics model.

Three days after the introduction of the Doge Name Service, Dogechain announced the launch of Dogegress, which would serve as a governance platform for projects on Dogechain. The development team’s impressive work rate, coupled with the growing adoption rate, could set Dogechain up to attain greater heights before long.

The history of the XRPL could be older than we previously believed.

The XRP Ledger is today one of the most used blockchain networks in real-life payment applications due to its On-Demand Liquidity (ODL), which allows enterprises to use XRP as a bridge currency for faster international transactions at a low cost.

Notably, the network’s history is often traced to 2011, when David Schwartz, Jed McCaleb, and Arthur Britto are said to have come together to develop the network. However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988.

David Schwartz created the XRPL way back in 1988 when they didn’t even had a name for the blockchain. Since they launched it with the name ‘XRPL’ it never got hacked nor being halted. XRP was made to become the greatest asset ever created.

In the abstract of the patent filed by Schwartz in August 1988, he describes a distributed network of computers for distributed data processing, with each node handling portions of the data. While not the same, it is eerily similar to how validation works on the XRP Ledger.

Currently, David Schwartz is Chief Technology Officer at Ripple.

Today, the Ripple network is so renowned that Colombia considered using it for its national land registry under the previous government administration. Ripple is also widely used in assisting fast payment transfers in many countries and leading banks.

XRP makes gains despite all-around crypto losses as interest continues to spike.

In a tweet on Friday, on-chain analytics firm Santiment Feed highlighted that XRP is decoupling from the rest of the crypto market, reclaiming the $0.52 price point as the number of new addresses created on Thursday tapped three-month highs at 2,773.

It is the highest 24-hour growth for the network since July 2.

“XRP Network has jumped back over $0.52 on a mild decoupling from the rest of the crypto back today,” tweeted Santiment. “Yesterday’s network growth was the highest in three months, with over 2,773 XRP new addresses created.”

It bears mentioning that XRP is the only asset with over 1% gains, in the last 24 hours, among the top 20 crypto assets by market cap, as assets like Bitcoin and Ethereum continue to bleed. It is currently up 6.74% in the last 24 hours and 10.26% in the last seven days, trading at the $0.5222 price point.

Notably, the asset has recently continued to see increased interest from investors. As reported by The Crypto Basic at the beginning of the month, XRP addresses have now surpassed 4 million.

Moreover, XRP has also gained the support of popular crypto entrepreneur and former US congressional candidate David Gokhstein. According to the Gokhstein media founder, “XRP is probably the only legitimate asset during [doing] well today.”

As reported by The Crypto Basic, the total number of XRP wallets surpassed 4 million.

It is worth noting that sentiment around the asset is becoming increasingly positive as XRP supporters envision a Ripple victory in the legal battle with the SEC.