DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume
Dogecoin’s development of its very own DRC-20 has skyrocketed participation on the network
After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin’s transaction volume.
The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever.
• According to data compiled by BitInfoCharts, the daily Dogecoin skyrocketed on May 13th and peaked above 628,000. Transactions for Bitcoin and Litecoin, on the other hand, stood at 575,490 and 341,082, respectively.
• An update shared by DOGE community member Mishaboar pointed out the advent of DRC-20 – inspired by Bitcoin’s BRC-20 standard – as a major catalyst prompting the memecoin’s transactions to go parabolic.
Read More: https://cryptopotato.com/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume/
DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume
Dogecoin’s development of its very own DRC-20 has skyrocketed participation on the network
After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin’s transaction volume.
