On-chain data shows the Dogecoin network has seen consistently high usage recently, as the coin has been handling a million moves a day.
Dogecoin Has Continued To Observe High Usage Recently
According to data from the market intelligence platform IntoTheBlock, DOGE has observed a high amount of activity recently. The on-chain relevance metric here is the “Number of Transactions,” which keeps track of the total amount of moves that address on the blockchain are making.
When the value of this metric is high, it means that the users are making many transfers on the network right now. Such a trend implies interest in cryptocurrency is high among investors currently.
On the other hand, the low indicator implies DOGE is witnessing a low level of usage, a potential sign that not many are paying attention to the memecoin.
Now, here is a chart that shows the trend in the Dogecoin Number of Transactions over the past month or so:
As is apparent from the graph, the Dogecoin net
We współpracy z: https://bitcoinist.com/dogecoin-usage-explodes-doge-processing-million-day/
