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launch of dogechain seems to be fantastic news for holders of dogecoin Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

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 Dogecoin gaining more utility with the launch of dogechain?

Dogecoin may have started out as a joke, but the leading meme coin could be gaining a lot more utility with the launch of Dogechain—sort of.

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).

How does Dogecoin work?

Already, Dogechain is up and running, letting users transfer over DOGE and interact with decentralized exchanges (DEXs) to buy new tokens minted on the chain. Dogecoin can also be used to pay gasfees on transactions on Dogechain, per the official website, which has the same goofy, meme-y vibes that are common among the Dogecoin community.

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