Latest Updates: ⚡ DogeOS launched a public testnet for EVM-compatible smart contracts built on the Dogecoin network, where DOGE is used to pay for network fees.
This news has a direct and positive fundamental impact on the Dogecoin (Doge / DOGE) coin in the first place, and its influence also extends to the Ethereum (Ethereum / ETH) ecosystem.
1. Direct and Biggest Impact: Dogecoin (DOGE)
This development is a cornerstone in transforming Dogecoin from just a “meme coin” used for fast trading and simple transfers into a network with broad use cases and applications (DeFi, NFTs, Gaming):
Increase in real demand (Utility Demand): since all fees (Gas Fees) for interacting with smart contracts and applications on DogeOS will be paid using the native DOGE coin, this creates ongoing, genuine demand for the coin alongside a growing number of users and applications.
2. Impact on Ethereum (ETH) and EVM-compatible networks
Attracting developers and liquidity: using the EVM environment (Ethereum Virtual Machine) means that the development tools and the programming language (Solidity) are the same as those used in Ethereum. This makes it easier for Ethereum developers to enter the Dogecoin community.
$DOGE
This news has a direct and positive fundamental impact on the Dogecoin (Doge / DOGE) coin in the first place, and its influence also extends to the Ethereum (Ethereum / ETH) ecosystem.
1. Direct and Biggest Impact: Dogecoin (DOGE)
This development is a cornerstone in transforming Dogecoin from just a “meme coin” used for fast trading and simple transfers into a network with broad use cases and applications (DeFi, NFTs, Gaming):
Increase in real demand (Utility Demand): since all fees (Gas Fees) for interacting with smart contracts and applications on DogeOS will be paid using the native DOGE coin, this creates ongoing, genuine demand for the coin alongside a growing number of users and applications.
2. Impact on Ethereum (ETH) and EVM-compatible networks
Attracting developers and liquidity: using the EVM environment (Ethereum Virtual Machine) means that the development tools and the programming language (Solidity) are the same as those used in Ethereum. This makes it easier for Ethereum developers to enter the Dogecoin community.
$DOGE
