The post Dogecoin’s Daily Transactions Peak With the Introduction of ‘DRC-20’ Tokens appeared first on Coinpedia Fintech News
Dogecoin’s daily transactions rose to a lifetime peak of over 645,000 on Sunday after a new token issuance mechanism was launched on its Blockchain. This was ten times higher than the average daily volume earlier in the week, exceeding BTC and Litecoin transactions before returning to previous levels by Wednesday. Dogecoin usually has 20K daily transactions, but the adoption of DRC-20 has raised network activity. This standard enables developers to use Dogecoin for network fees when issuing tokens. Boosts the coin value and enables potential DeFi services on the Blockchain.