What is dogechain (Doge)?

The So-Called Dogecoin 'Layer-2' for DeFi, NFTs and Games Dogechain lets users bridge over Dogecoin (DOGE) to tap into DeFi services, along with potential future NFT marketplaces and apps. Dogechain is a newly-launched blockchain platform that lets users bridge over Dogecoin (DOGE) and use it for DeFi, NFTs, and more.

Is the Dogecoin Foundation involved in dogechain?

The Dogecoin Foundation retweeted a message today stating that it is not involved in Dogechain, nor are the coin’s original founders, Jackson Palmer and Billy Markus. They clarified that it’s also not related to a Dogecoin blockchain explorer that shares the name.

Is dogechain a layer 2 network?

However, Dogechain isn’t a true layer-2 network in that it’s not built on top of Dogecoin. Instead, it’s a separate network based on Polygon Edge, which is custom blockchain software from Polygon, the most popular Ethereum sidechain.

How much is dogechain worth?

According to DEX Screener, some $21 million worth of tokens have been transacted on Dogechain over the last 24 hours, with DogeSwap leading the charge with $16 million worth. The top tokens include Doge Eat Doge (OMNOM), DogeShrek, Bourbon, and PinkyDoge (PINKY).