Let's take about Dogechain!
When you hear people talking about #Meme tokens, you must talk about DOGEcoin because that's the beginning far back in 2013 after being created as a joke by some software engineers. The utility of this coin was one for a payment transaction, nothing more and nothing less until 2022, the whole story change for the better.
The launch of Dogechain
The launch of Dogechain changes the storyline of DOGEcoin having one utility to a coin with multiple use cases as it allows users to bridge over #Dogecoin (DOGE) and use it for DeFi, #NFTs , and more. Get this, Dogechain was created by Dogecoin holders, for Dogecoin holders, this is why holders are happy as this brings crypto applications like NFTs, games, and #DeFi to the $Dogecoin community.
According to Dexscreener, $190,000 worth of tokens have been transacted on Dogechain over the last 24 hours with KibberSwap leading with $129,000, followed by QuickSwap with $51,000, YodeSwap and DogeSwap with $2,900 and $1,700 respectively.
As of the time of this article, there are over 130 market pairs with over 93,000,000 transactions already on the chain.
The Crazy Swing Of Memecoin
Some days back, we sighted $PEPE causing disturbance to the Ethereum network and the whole crypto space felt this, in terms of price action and high gas fees which resulted from the congestion of the Ethereum network. We also got the report on BRC-20 ordinal meme-coins which are now near a $1 Billion Market Cap and clogging up the Bitcoin network. Don't you think memes are casting a shadow of controversy in the crypto space? 💢
Now, the good news
🍰 #Dogechain a layer2 chain provides a scalable, fast, and cost-effective solution for meme token creation and trading.
The 4/20 news on Dogechain launched The Build-A-Doge Workshop, which is a no-code approach to creating meme coins on Dogechain. In case you need to learn more about this, check this link for a simple step to create a DOG-20 token in a few seconds.
As $DOGE holders, you can stake your token, provide liquidity and interact with different Dapps built on Dogechain after you have bridged your $DOGE successfully to Dogechain.
QuickSwap is a next-generation layer-2 decentralized exchange and Automated Market Maker which is known to the Dogechain family as a reliable, advanced decentralized trading platform for meme token trading. As many as been looking for Dapps that provides high APR on meme token pairs, checking decentralized exchange like KibbleSwap and Wojak.Fi is not bad at all. There is more to do on Dogechain, take a moment to check the official website of the chain for your research.
Disclaimer: I am not a financial advisor, take this as an educational piece for your research. DYOR and ask questions.