{"id":4827,"date":"2023-05-18T09:16:14","date_gmt":"2023-05-18T13:16:14","guid":{"rendered":"http:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/"},"modified":"2023-05-18T09:16:14","modified_gmt":"2023-05-18T13:16:14","slug":"drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/","title":{"rendered":"DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume"},"content":{"rendered":"<p> <br \/>\n<br \/><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2021\/12\/Dogecoin.jpg\" \/><\/noscript><\/p>\n<div>\n<p>After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin\u2019s transaction volume.<\/p>\n<p>The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever.<\/p>\n<ul>\n<li>According to data compiled by BitInfoCharts, the daily Dogecoin skyrocketed on May 13th and peaked above 628,000. Transactions for Bitcoin and Litecoin, on the other hand, stood at 575,490 and 341,082, respectively.<\/li>\n<li>An update shared by DOGE community member Mishaboar pointed out the advent of DRC-20 \u2013 inspired by Bitcoin\u2019s BRC-20 standard \u2013\u00a0 as a major catalyst prompting the memecoin\u2019s transactions to go parabolic.<\/li>\n<li>Lately, several Dogecoin advocates on Twitter have been pushing the narrative that DRC-20 is the new BRC-20 with \u201c100x potential.\u201d<\/li>\n<li>This new token standard was released last week and enables users to inscribe digital artifacts on each of the smallest indivisible units of DOGE, which is known as \u201celons.\u201d As such, one DOGE is equivalent to 100,000,000 elons.<\/li>\n<li>Similar to BRC-20, inscriptions inscribe \u201celons\u201d with arbitrary content, creating dogecoin-native digital artifacts, or NFTs. Inscriptions do not require a sidechain or separate token.<\/li>\n<li>The transaction spike had a minor effect on the active address count of Dogecoin, which surged to above 67,000. The figures climbed to levels not seen since August 2022, going above 100k in April amid the memecoin resurgence driven by PEPE.<\/li>\n<li>Besides, Litecoin was caught in a wave of surging active addresses thanks to the introduction of LTC:20, the crypto-asset\u2019s experimental standard for NFTs.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms).<\/p>\n<p><b>PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin\u2019s transaction volume. The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever. According to data compiled by BitInfoCharts, the daily Dogecoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-4827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume\" \/>\n<meta property=\"og:description\" content=\"After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin\u2019s transaction volume. The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever. According to data compiled by BitInfoCharts, the daily Dogecoin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\" \/>\n<meta property=\"og:site_name\" content=\"Leading Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T13:16:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/DRC-20-Hype-Fest-Triggers-Huge-Spike-in-Dogecoin-DOGE-Transaction.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1201\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"LCN-Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LCN-Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\"},\"author\":{\"name\":\"LCN-Admin\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30\"},\"headline\":\"DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume\",\"datePublished\":\"2023-05-18T13:16:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\"},\"wordCount\":309,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/05\/DRC-20-Hype-Fest-Triggers-Huge-Spike-in-Dogecoin-DOGE-Transaction.jpg\",\"articleSection\":[\"Dogecoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\",\"url\":\"https:\/\/leadingcryptonews.com\/drc-20-hype-fest-triggers-huge-spike-in-dogecoin-doge-transaction-volume\/\",\"name\":\"DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume - 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