Dogecoin has experienced a surge in network activity, processing over 4 million transactions in just two days, surpassing Ethereum and Bitcoin. This trend has been consistent for the past week, with Dogecoin completing over 9 million transactions between May 22 and 28. The surge in activity is attributed to the increasing popularity of DRC-20 tokens, which are minted on the Dogecoin chain due to low fees. Despite the increase in network activity and hashrate, Dogecoin's price has remained relatively unaffected.
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Dogecoin's Network Activity Surges, Processing More Transactions Than Ethereum and Bitcoin
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