The BRC-20 speculative boom is gradually spreading to other PW public chains, driving the number of daily transactions on the Doge chain to a record high, reaching an astonishing 650000, outperforming Bitcoin (BTC) and Litecoin (LTC), all thanks to the newly emerging DRC-20 token standardDifferent reactions from cryptocurrency communitiesAccording to an article posted by Mishaboar, a dog coin enthusiast, the number of daily transactions on the dog coin chain soared to an all-time high of 650000 on May 15, once surpassing Bitcoin and Litecoin, as users scrambled to forge DRC-20 tokens on the dog coin chain.Although some members of the cryptocurrency community are excited about Dogcoin reaching this milestone, some netizens have expressed doubts and put forward opposite views
The BRC-20 speculative boom is gradually spreading to other PW public chains, driving the number of daily transactions on the Doge chain to a record high, reaching an astonishing 650000, outperforming Bitcoin (BTC) and Litecoin (LTC), all thanks to the newly emerging DRC-20 token standard
Different reactions from cryptocurrency communities
According to an article posted by Mishaboar, a dog coin enthusiast, the number of daily transactions on the dog coin chain soared to an all-time high of 650000 on May 15, once surpassing Bitcoin and Litecoin, as users scrambled to forge DRC-20 tokens on the dog coin chain.
Although some members of the cryptocurrency community are excited about Dogcoin reaching this milestone, some netizens have expressed doubts and put forward opposite views. For example, Dogcoin developer Patrick Lodder commented that these speculators are just casting scams; Netizen Morgan Ralston believes that this is a great opportunity for Dogcoin blockchain to showcase its processing capabilities to the public.
Another cryptocurrency enthusiast, Martin Stauber, came forward to refute that DRC-20 is not the main reason for the surge in on chain activity. He cited transaction data analysis to point out that most of the traffic on the dogcoin chain comes from a few high volume wallets. Although opinions vary from party to party, this development still highlights people's increasing interest in dog coins and their potential in various applications.
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