DOGE
Dogecoin · Merge-mined proof-of-work money (no supply cap)
Score qualifies for T3; held by Adoption 1 (needs 2).
Key facts
- Circulating 156.43B, 100%
- No cap: supply can keep growing, see Supply discipline
Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.
Assessment
Dogecoin's engine is the money route: a payment coin with ~24,700 on-chain transactions a day, though no third-party lender accepts it as live collateral. Issuance is a fixed 10,000 DOGE per block with no cap, ~3.4% of supply over the next year, changeable only by a Dogecoin Core release adopted by miners and nodes. Distribution is fully open: no premine, sale or treasury, and nearly 13 years of open mining. Merge-mining with Litecoin means F2Pool, the largest Scrypt pool at ~34%, cannot halt it alone, but the monetary role stops at small-scale payments, with no collateral use behind it.
How value reaches holders
None by design: fees and the fixed 10,000 DOGE block reward go to miners. Issuance is ~5.2B DOGE/yr (~3.3% of the 156.4B supply) with no cap, after the original 100B cap was dropped in 2014; changing it would need a Dogecoin Core release that miners and nodes adopt. Fees are tiny: ~3.8M DOGE (~$0.4M) in the year to Oct 18, 2026. Merge-mined with Litecoin (AuxPoW) since 2014
Score anatomy
Demand
15 / 45: the stronger of two routes, plus adoptionWhy would anyone hold it: does value reach the token, and is the network or product used today?
All fees go to miners by design
Nothing reaches holders by designHow this is scored
Under $0.5M/yr, or emissions-subsidized only
Payment coin with ~24,700 on-chain transactions/day (Blockchair, Oct 23, 2026); no third-party lender accepts it as live collateral.
Measurable niche monetary use: payment rails, savings products, or collateral at third-party venues below the next levelmedium confidenceHow this is scored
About 24.7K tx/day on a $12.6B network and fees -82% YoY; negligible measured payment use for its size
Marginal or fading: negligible use for its size, usage down 60%+ year on year, or a lost forkmedium confidenceHow this is scored
Two routes, the stronger counts
Soundness
27 / 40Can a long-term holder trust the rules: supply, float, distribution and control?
10,000 DOGE per block with no cap: ~5.26B over the next 12 months, ~3.4% of supply; changes need a Dogecoin Core release adopted by miners and nodes.
3-7%/yr net growth without a hard caphigh confidenceHow this is scored
No premine, sale or treasury: all 156.4B DOGE is liquid.
Fully vested, no scheduled unlockshigh confidenceHow this is scored
No premine, sale or treasury at the Dec 2013 launch; supply has come only from nearly 13 years of open mining
No insider allocation of any kind, an open launch, and no organization directing supplyhigh confidenceHow this is scored
Merge-mined with Litecoin: the largest Scrypt pool (F2Pool, ~34%) cannot halt it alone, and buying the rest of ~3 PH/s of Scrypt ASICs costs hundreds of millions; one client; no halt or rollback
Attack cost $100M-1B with the top entity under 35%, or contracts immutable or upgradeable only by on-chain vote with a 7+ day exit window on a base layer scoring 4+medium confidenceHow this is scored
Durability
13 / 15Is it big, proven and reachable by institutions?
$12.6B market cap (band 5), $662.2M/day median volume (band 5), no flags.
Systemic: over $10B market cap and $500M/day+How this is scored
Launched Dec 6, 2013 (12.9 years) with no rollback or coordinated halt in the last 10 years (panel 5).
10+ years with no rollback or coordinated halt in the last 10 yearshigh confidenceHow this is scored
US spot ETFs hold only ~$14-39M; Bitwise is liquidating its fund
One US spot ETF, or US ETFs under $500Mhigh confidenceHow this is scored
What would move it up
To reach T3 Mixed, one gate is still open:
- Adoption 1needs 2(open)
- Score 55gate 40(met)
- Value engine 2gate 2(met)
- Supply 2gate 1(met)
Tier outlook
Could move up ↑low likelihood
- Usage rises to 3 if DOGE posted as collateral at third-party venues passes $1B (none accepts it live today)
- Supply rises to 3 once issuance falls under 3%/yr, when supply passes ~175B (around 2030)
- Security: Scrypt pool concentration (F2Pool ~34%) on a single client
- Access: US spot ETF assets (~$14-39M) after Bitwise's liquidation
- Usage: daily on-chain transactions (~24,700 on Oct 23, 2026)
Compare with
How the ranking works and how DOGE compares: see the full ranking. This entry as JSON:
GET https://tokens.10102.io/api/v1/tokenomics?symbol=DOGE