The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Dogecoin (DOGE) Surpasses Bitcoin (BTC) in Daily Transactions Thanks to New DRC-20 Standard

by Mehron Rokhy
May 18, 2023
in Altcoins, Bitcoin
Featured Image: Shutterstock/Enfoca y dispara

5.18.2023
8.14.2021

Featured Image: Shutterstock/Enfoca y dispara 5.18.2023 8.14.2021

Dogecoin (DOGE) surpassed Bitcoin (BTC) on Wednesday in daily transactions after the new DRC-20 standard was introduced.

According to new data from blockchain tracker BitInfoCharts, the number of daily transactions on the DOGE blockchain has hit a new all-time high, surpassing even that of the top crypto asset by market cap.

The DRC-20 standard is a set of rules that developers can follow to create tokens on the Dogecoin network. They are created using the same technology as cryptocurrencies, but they are typically not used as a currency. Instead, they are used to represent ownership. The DRC-20 standard is similar to Bitcoin’s BRC-20 standard.

The data reveals that from May 10th to May 11th, a day after DRC-20 tokens were introduced, transactions over Dogecoin’s blockchain increased nearly tenfold from 48,547 to 456,491. Just two days later, that number spiked to 628,209 before crashing all the way down to 88,453.

However, on May 17th, the number of transactions on the memecoin reached over 1.1 million, easily surpassing that of the king crypto BTC at the time, which saw about 580,000 daily transactions.

This marks the second time that transactions on DOGE have overtaken those on BTC, according to the data. The first time was back in December 2013, shortly after the launch of Dogecoin, when Bitcoin had about 67,000 transactions and DOGE had about 92,000.

At the time, DOGE outpaced BTC in daily transactions until about mid-February 2014.

Dogecoin is trading for $0.074 at time of writing, a fractional decrease during the last 24 hours while Bitcoin is valued at $27,017, a 0.85% gain in the last day.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Enfoca y dispara

Submit a Press Release

Industry Announcements

  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
  • TAC Token Debuts in TVL As TAC Mainnet Goes Live With Leading DeFi Protocols
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,765.82
$118,765.82
0.85%
Ethereum
$3,175.42
$3,175.42
4.88%
BNB
$692.82
$692.82
1.29%
Solana
$166.98
$166.98
3.91%
XRP
$2.98
$2.98
2.18%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl