Dogecoin outpaces Bitcoin and $Litecoin with a record 650,000 daily transactions
a massive surge in network activity, with daily transactions reaching an all-time high of 650,000, surpassing both Bitcoin and Litecoin.
This unexpected uptick in activity is attributed to an increased interest in minting DRC20 tokens, a new type of digital asset, on the Dogecoin network.developer Patrick Lodder had previously hinted at a significant increase in network activity. Although the surge was noteworthy at the time, it was nowhere near today's unprecedented levels.
Many in the crypto community see this spike as an opportunity to test Dogecoin's scalability. One user, going by the handle @SK_R402, suggested that the focus should be on the currency's potential for everyday transactions, adding that they planned to start up their node, a part of the network that maintains a version of the blockchain.
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