- A controversial newly released meme coin The project continues to reach new milestones every week.
The number of transactions on the network of the Dogechain (DC) project, which has caused great controversy, continues to increase lately, which means that the cryptocurrency is increasingly adopted. is showing.
According to a tweet shared by the Dogechain official account today, the total number of transactions performed on the network has exceeded 20 million. In light of the development, the meme cryptocurrency has rallied over 30 percent today, as high as 0.0020 at the time of writing.
This significant development comes six days after Dogechain celebrated the achievement of 10 million on-chain transactions on its network. Despite its recent launch, the meme coin’s trading volume has soared to 15 million a few days after its launch.
With more than 20 million new transaction developments, the meme-based cryptocurrency Dogechain now processes an average of more than 2 million transactions per day.
Dogechain explained the issue in a tweet:
“On September 2 we reported that Dogechain processed 10 million transactions… Just 6 Days later, on September 8 we have now passed 20 million with an average of 2 Million transactions per day.”
On September 2nd we reported that #dogechain had processed 10 million transactions… 🐺
Just 6 Days later on September 8th, we crossed 20 million, currently averaging +2 Million per day 🔥 pic.twitter.com/DqBF7HLsnx
— Dogechain💜 (Giving away a Tesla) (@DogechainFamily) September 8, 2022
Dogechain is a project that serves as a Tier-2 solution for the largest meme coin by providing full compatibility with Ethereum-based smart contracts, bringing non-fungible token and various decentralized finance applications to Dogecoin users, but it is not built on the Dogecoin blockchain.
The Polygon Edge-based protocol also describes itself as a cheaper and faster alternative to the original chain. Dogecoin, the world’s largest meme coin, is used to pay fees on the Dogechain network.
Dogechain has continued to grow despite the controversy surrounding the project and has already debuted on major cryptocurrency exchanges including KuCoin, Huobi, and Gate.io. According to data from Coinecko, the 869th-ranked crypto asset has increased by nearly 70 percent compared to the last 14 days.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.