What a Year: Dogechain 2024 in Retrospect

Aniel Essien
5 min readDec 30, 2024

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Looking back on 2024, the global cryptocurrency market has experienced ups and downs, as it has been throughout the years.

Besides Bitcoin finally hitting $100M this month, one of the main highlights of the year is that Dogecoin has soared 324%, dethroning the 107% BTC gained, to become one of the highest, fastest-grossing cryptocurrencies by market cap ever.

Then, we have Dogechain. For anyone familiar with the crypto world, you may have come across this network that transforms Dogecoin into the fuel for smart contracts and dApps, taking the favourite meme coin of many enthusiasts to the next level.

Known as the “Chain of Memes and Dreams,” DC powers dApps, tokenization, and more. With DC behind its back, $DOGE (Dogecoin) is going from a meme to a driving force in the crypto industry.

In 2024, Dogechain achieved some noteworthy milestones that have enhanced its infrastructure enough to expand its ecosystem.

I’ll have a month-by-month overview of these developments, from here below.

February 2024

Nova DAO launched the first iteration of $USDO on Dogechain to test its hyper-collateralization model, meaning over-collateralizing the stablecoin for stability to be ensured.

$USDO is a cryptocurrency specifically designed for Dogechain, to maintain a 1:1 peg with the US dollar, backed by wrapped Dogecoin (wDOGE).

March 2024

On March 8, Dogechain announced it was going to be deployed on Polygon CDK, after a favorable 98%-approved community vote. This marked the inception of Dogechain 2.0, introducing a zkEVM testnet.

This public testnet served as a platform for both developers and users to explore the functionalities of the blockchain. Initially linked to the Ethereum Sepolia testnet and utilizing Sepolia ETH as gas, the testnet was poised for future updates, like the option to use custom tokens as gas.

April 2024

On April 20, 2024, Dogechain recognized both the 4/20 festivities and the Bitcoin halving event (with BTC gaining over 146% since then) alongside the Shibes community (of Dogechain members).

On April 23, 2024, Unrektus launched on testnet. Unrektus is a DeFi app that provides users with financial tools and services, in this case, within the Dogechain ecosystem.

The community was encouraged to test the dApp, provide feedback for a successful mainnet launch, and join the app’s Telegram group for an airdrop of $uREKT test tokens.

May 2024

On May 17, Supra Labs expanded its Oracle price feeds to include Dogechain.

This was done to provide up-to-date market data crucial for dApps on these networks, to streamline operations and reduce gas fees.

On May 22, Dogechain introduced the PawPort Bridge, the first DRC20-to-EVM bridge, to enable the transfer of Dogecoin-based assets (known as Doginals) onto Dogechain, to enhance their utility and scalability.

Seven days later, Unrektus was officially welcomed to the Dogechain ecosystem. Unrektus launched a giveaway, offering a share of $500 to the top three $uREKT holders. Participants purchased as much $uREKT as possible, with snapshots taken on May 29 and July 1, 2024.

June 2024

June was a busy, proud month for Dogechain.

On June 10, Dogechain integrated Safe, a multisig wallet, into its mainnet, to let users secure assets using Safe’s industry-standard smart contracts on the blockchain.

The very next day, DC supported the live status of $USDO for Dogechain users to mint, redeem, and stake the stable, stablecoin, on https://usdoge.io/ and QuickSwap’s DEX.

On June 16, Dogechain welcomed numerous new DRC-20 tokens to its ecosystem, including:

$ARMZ

$CDH

$DNLD

$PACA

$GO!

$WUUW

$DPAY

$X1X2

$DFAT

July 2024

July 9 saw Dogechain integrating with the Router Protocol for more cross-chain interoperability, so users can bridge stablecoins and blue-chip tokens from 20+ Router-supported chains to Dogechain.

Swift asset transfers and swaps.

August 2024

On August 7, Dogechain announced its “Doginals Summer,” encouraging users to PawPort-bridge their DRC20s and “supercharge” them with Web3 utility. This boosted the adoption of Doginals within the Dogechain ecosystem.

Later, on August 30, 2024, Dogechain celebrated its 100th roundtable with a special event. The “Big 100th Dogechain Roundtable” featured a 2 million $DC giveaway and 10 RDPs.

Powered by AirLyft.One, the event was hosted on Twitter Spaces at 18:00 UTC, bringing the Shibes community to celebrate two years of growth.

September 2024

On September 12, a Dogechain-based premium project, DogeTools, updated its NFT minting and staking UI. The new design featured visual upgrades that aligned with the platform’s redesigned theme and introduced:

✓ Upped wallet compatibility,

✓ Clearer error handling,

✓ Transfer options, and

✓ The display of NFTs.

The staking pool was filled with 900K $DTOOLS tokens (0.95% of the remaining supply), and the daily reward was adjusted to 5.02 $DTOOLS per NFT (approx.).

The contract remained unchanged. The update is accessible at nft.dogetools.dog.

October 2024

On October 28, Dogechain reached a milestone by processing a total of 120 million transactions.

November 2024

During the 2024 U.S. Election Week, DC achieved interoperability with RocketX, a DEX aggregator, to empower the Dogecoin community by enabling seamless cross-chain swaps of $DC, Dogechain’s native token, across 170+ chains on RocketX, with just one click.

Still, in the same month, $DOGE experienced a surge, possibly due to Elon Musk’s involvement in the U.S. election (because the man is known to be a major DOGE fan), overtaking Ripple to become the 7th-largest cryptocurrency by market cap.

On November 11 to be precise, Dogecoin’s price rose above 24 USD cents ($0.24), pushing its total market value to over $34 billion, surpassing XRP’s $33.3B.

For some icing on cake, later that month, the Elon-Vivek unofficial Department of Government Efficiency (yes, DOGE) was announced. The idea, if ever put in motion, will promote Dogecoin more than ever, hence pushing Dogechain to high feats.

December 2024

As of the 22nd, $USDO has been in testing for 10 months on DC and has successfully maintained its peg to $1, “throughout.”

Dogechain also held its final Twitter Spaces for the year, DC Roundtable #113, which saw 2025 as a bright year for the network and crypto in general.

As 2024 comes to a closure, Dogechain continues to do what it does best: make Dogecoin great.

Forever.

Follow my blog and Dogechain for more updates.

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Meet you in 2025.

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Aniel Essien
Aniel Essien

Written by Aniel Essien

A realist | a Blockchain Enthusiast | iWriteCoolShit

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