Dogecoin Overtakes Bitcoin on the Basis of Trade Volume

Dogecoin (DOGE) has the highest 24-hour trade volume on the blockchain among all cryptocurrencies, surpassing both Bitcoin and Litecoin . The community believes this trend is tied to the emergence of tokens compliant with the DRC-20 standard which makes it possible to build new digital assets atop the blockchain .

The Surge May be Caused

Mishaboar, a Twitter user said that Patrick Lodder, the meme coin’s main creator, had foreseen this movement a few days earlier . The subsequent uptick in activity was notable although it has yet to set any records.
Martin Stauber, a crypto enthusiast, cast doubt on the explanation that DRC-20 tokens caused the sudden increase in trade volume . His findings indicated that a small number of very big addresses were responsible for the majority of the traffic . Each day 5766 transactions were sent from one of these wallets.

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