DRC-20 Hype Fest triggers enormous increase in Dogecoin (Doge) transaction volume

DRC-20 Hype Fest triggers enormous increase in Dogecoin (Doge) transaction volume

After the hustle and bustle of the BRC 20 tokens in the Bitcoin network, their DRC 20 controllers triggered a massive increase in Dogecoin transaction volume.

The OG Memecoin recorded a significant increase in daily transactions and even exceeded that from Bitcoin and Litecoin for the first time.

• According to Bitinfocharts, the daily Dogecoin shot up on May 13th and reached a maximum of over 628,000. The transactions for Bitcoin and Litecoin, on the other hand, were 575,490 and 341.082.
• an update
• Lately several Dogecoin Provide on Twitter that spread the narrative that DRC-20 The new BRC-20 is "100 times potential".
• This new token standard was published last week and enables users to write digital artifacts on each of the smallest indivisible units of Doge known as "elons". Thus a dog corresponds to 100,000,000 elons.
• Similar to BRC-20, inscriptions “Elonen” with any content and create digital artifacts or NFTS. Neither a sidechain nor a separate token is required for inscriptions.
• The transaction increase had little effect on the number of active addresses of Dogecoin, which rose to over 67,000. The figures rose to a level that had not been seen since August 2022 and were in April in the middle of the memo of the Memecoins over 100,000.
• In addition, Litecoin came into a wave of active addresses thanks to the introduction of LTC: 20, the experimental standard of the crypto asset for NFTS.