DOGE transactions trump BTC and LTC thanks to DRC20, but here’s the catch

The trend of creating fungible token standards has continued with Dogecoin creating its own. The introduction has helped the meme keep Litecoin and Bitcoin pressured.

showed that the development has not necessarily impacted the NFT sales volume on the Dogecoin blockchain.

Although there have been cases of spikes since 10 May, the volume had dropped to 831,000. This signals a decline in interest in trading Dogecoin-related non-fungible assets.Unlike the NFT volume, active addresses had a discreet reaction to the DRC20 innovation. Active addresses show the number of wallets involved in sending and receiving assets on a project’s network.As shown above, the 24-hour active addresses had increased to 129,000.

However, the recent rush to mint tokens on the network might have created problems for Dogecoin. According to Dogecoin developer Patrick Lodder, there have been

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