The meme-inspired crypto Dogecoin is in the news again for the launch of a so-called “layer-2 for Dogecoin” called Dogechain, which is being promoted as enabling “NFTs, Games, and DeFi for Dogecoin users.”
However, it is a community-built project and not an official product of the Dogecoin Foundation and does not involve the coin’s original founders, Jackson Palmer and Billy Markus either. They also confirmed that it’s also not related to a Dogecoin blockchain explorer that shares the name.
Dogechain isn’t a true layer-2 network built on top of Dogecoin. It’s a separate network based on Polygon Edge, a custom blockchain software from Polygon. It’s also compatible with the Ethereum Virtual Machine, meaning it can run apps and games built for Ethereum.
The official website of Dogechain has the same goofy, meme-y vibes that are common among the Dogecoin community.
Users can transfer DOGE to Dogechain and interact with DEXs. Dogecoin can also be used to pay gas fees for transactions on Dogechain.
The Dogechain team claims that users have created more than 58,000 wallets since the network launched five days ago, along with more than 480,000 total transactions.
The Dogechain’s website also promises planned future airdrops of native DC tokens for Dogecoin holders.