24/7 Cryptocurrency News

Dogecoin Gets Utility through Dogechain, an EVM Compatible Chain Built for Web3 Dapps

Dogecoin users can finally get more out of their favorite project by enjoying the added utility offered by Dogechain.
Published by
Dogecoin Gets Utility through Dogechain, an EVM Compatible Chain Built for Web3 Dapps

Dogecoin, which was created nine years ago by Jackson Palmer and Billy Markus, allows peer-to-peer payments on a decentralized network, but the web3 ecosystem hasn’t done much with it outside of using it as a form of payment for buying, selling, tipping, crowdsourcing and fundraising. Incorporating the Dogecoin cryptocurrency into Doge-themed projects like NFTs, games, DeFi, and more is now possible thanks to Dogechain, which gives developers access to the Web3.

Benefits of Dogechain for Dogecoin Users

Roc Zacharias, CEO of Lunar Digital Assets and Co-Founder of QuickSwap, clarifies that Dogechain is not a project affiliated with Dogecoin. However, the widely used Dogecoin may be scaled with the help of Dogechain, which utilizes less energy to run dApps and facilitate transactions. With its Polygon Edge construction and compatibility with the Ethereum Virtual Machine, Dogechain is a bridge that can run Ethereum-specific software like apps and games. Users of Dogecoin can utilize it as a bridge to access DeFi, NFTs, gas charge payments, participation in DAOs, and other services by exchanging their DOGE for wDOGE proof of stake tokens.

Applications for grants can also be made by projects who aim to create and build on the Dogechain. Questions like “What are you doing to grow the use of DOGE? Is it fun?” are one of the most important requirements for receiving a grant, ecosystem assistance, or co-marketing.

Dogecoin’s Insane Price Action

Elon Musk, the CEO of Tesla, SpaceX, and now Twitter, is one of the many influential people in the world who loves Dogecoin. The Dogecoin and other cryptocurrency communities are speculating on whether Musk intends to incorporate the DOGE coin into the recently announced NFT Tweet Tiles update on the social media platform. There’s also a rumored crypto wallet being developed that supports crypto deposit and withdrawal, as revealed by Jane Manchun Wong,  a famous tech influencer.

All this news and speculation have made Dogecoin’s price rally in recent days; up by 60% in the last 24 hours at the time of writing. With news of Dogechain offering the much-needed scalability solution to the popular DOGE cryptocurrency, further price action can be anticipated.

Advertisement

Share
Pratik Bhuyan

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025