The largest memecoin and the 8th largest altcoin, Dogecoin (market-trembles-bitcoin-drops-below-25k-impacting-altcoins/”>DOGE), continues to grow in adoption two years after the coronavirus pandemic, with people overcoming the shutdowns by investing billions in non-serious, joke-intended altcoins. On-chain data reveal the continued expansion of the Dogecoin network.

最大的模因币和第八大山寨币，狗狗币（

Dogecoin’s On-Chain Metrics Continue to Sound Alarms

狗狗币的链上指标继续敲响警钟

According to the data tracked by on-chain analysis company IntoTheBlock, the number of wallet addresses holding DOGE has surpassed the 5 million mark for the first time. The number of active wallet addresses on the network has more than doubled, reaching 168,000, the highest level seen since March 2022.

根据链上分析公司IntoTheBlock追踪的数据，持有DOGE的钱包地址数量首次突破500万大关。网络上的活跃钱包地址数量增加了一倍多，达到 168,000 个，这是自 2022 年 3 月以来的最高水平。

The number of confirmed transactions on the Dogecoin network has also reached the highest level of the year for the first time since June, with an incredible increase of a thousand percent in the last 10 days.

狗狗币网络上的已确认交易数量也自 6 月份以来首次达到年度最高水平，在过去 10 天内令人难以置信地增长了 1000%。

While the figures related to the network are becoming increasingly significant, the concentration of DOGE ownership remains a major concern. According to BitInfoCharts data, fewer than 5,000 wallet addresses control more than 80% of the circulating DOGE supply. This implies that a relatively small number of investors have control over the price of DOGE, raising concerns that a move to sell by this influential group could cause a sharp decline in the altcoin’s price.

尽管与网络相关的数字变得越来越重要，但 DOGE 所有权的集中仍然是一个主要问题。根据 BitInfoCharts 数据，不到 5,000 个钱包地址控制着超过 80% 的流通 DOGE 供应量。这意味着相对少数的投资者控制着 DOGE 的价格，引发了人们的担忧，即这个有影响力的群体的抛售举动可能会导致山寨币价格急剧下跌。

Current Price Situation of DOGE

DOGE当前价格情况

DOGE’s market value has risen nearly 11 billion dollars this month, a 14% increase, and is currently at 10.95 billion dollars. The increasing adoption and usage of the altcoin are generally interpreted as opening the door to higher market values.

DOGE的市值本月已上涨近110亿美元，增幅为14%，目前为109.5亿美元。山寨币的日益普及和使用通常被解释为为更高的市场价值打开了大门。

With the latest data, DOGE has seen a 4.78% drop in the last 24 hours, trading at 0.07712 dollars. The data shows that the altcoin has had a very limited increase of 0.12% in the last 7 days, but has risen by 11.92% in the last 30 days.

最新数据显示，DOGE在过去24小时内下跌4.78%，交易价格为0.07712美元。数据显示，山寨币在过去7天内的涨幅非常有限，仅为0.12%，但在过去30天内却上涨了11.92%。

• Dogecoin’s adoption continues to surge post-pandemic.

狗狗币的采用率在大流行后继续激增。

• On-chain metrics indicate growing network activity.

链上指标表明网络活动不断增长。

• Ownership concentration poses risks to DOGE’s price stability.

所有权集中对 DOGE 的价格稳定构成风险。

继续阅读：https://en.coin-turk.com/the-surge-of-dogecoin-a-deep-dive-into-its-having-adoption-and-on-chain-metrics/