Dogecoin saw a 1,100% increase in new addresses over the past week. January 29 marked a significant milestone with an unprecedented creation of 247,240 new DOGE addresses. The surge in network activity comes amidst a relative lull on the price side of things. The tenth-largest crypto asset by market cap mostly defied the general recovery of the market to register monthly losses of nearly 13%. Last year, the emergence of DRC-20 served as a major catalyst in network growth, ultimately a massive spike in Dogecoin’s transactions.
Source: Chayanika Deka, 2024-02-01; https://cryptopotato.com/dogecoin-doge-network-hits-new-milestone-with-record-breaking-new-addresses/