Dogecoin (DOGE)
Dogecoin ranks #9 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #12: 3 of the 11 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 4 non-native assets CoinSpectrum lists above it by market cap, all are claims on other assets.
| CoinSpectrum Grade | A+ · 75/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #9 |
| Rank counting claims | #12 |
| Market capitalisation | $10.5B |
| Price | $0.0669 |
| Circulating supply | 156,683,792,860 DOGE |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Scrypt (merge-mined) |
| Own hashrate | 0 |
| Active addresses a day | 33,351 October 2026 median |
| Network purpose | Payments |
| Ledger type | Overlay-asset ledger |
| Launch distribution | No premine |
| Regulatory class | Commodity |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A+ — 75 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 73 to 75 (A to A+).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 4.8 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 5.3 | no fixed maximum; 157 billion in circulation |
| Distribution | 9.2 | average of 4 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | 6.8 | 33,351 addresses active a day, the median of October 2026's 31 days (counted by CoinSpectrum from the chain's own blocks) source |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising (share sold) (Source) | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Decentralisation | 9.8 | average of 4 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level party can freeze coins or halt the chain. source |
| No central team (Source) | 10 | No central team: Dogecoin Core is maintained by volunteer developers; the Dogecoin Foundation supports the ecosystem but does not control the client. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | 9 | 490 reachable nodes source |
| Security | 6 | 4.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 4.7 | largest 34.8%, largest three 72.6% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 5.8 | about 19,890 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | merge-mined: its blocks are found by another chain's miners, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 6 | one client, latest version Dec 2024, within 24 months |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 6.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 7.5 | typical fee $0.0055 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 4.2 | about 74 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 8.4 | 1 MB limit, 10 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | One-minute probabilistic blocks with no double-spend proofs or instant locks; zero-confirmation acceptance is not protected by the network. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Dogecoin Core 1.14: -prune deletes old blocks and keeps the UTXO set. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-style SPV with block headers and Merkle proofs (inherited from Bitcoin). |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3 source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | 10 | BIP32 extended public key (xpub): a watch-only wallet derives each new receiving address without the private key |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | Dogecoin Core relays transactions directly; Tor is optional configuration. |
| Programmability | 5.6 | 5 of 9 points source |
| Token issuance (Through a metaprotocol) | 1 | Doginals/DRC-20: read by indexers, not validated by the chain's nodes |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin-derived Script limited to spending conditions. |
| Multisig and time locks (Without a third party) | ✓ | P2SH multisig plus OP_CHECKLOCKTIMEVERIFY (BIP 65, enforced from block 3,464,751); relative locks (CSV) remain unactivated. |
| Atomic swaps (With other chains) | ✓ | HTLCs with a hash branch and a CLTV refund branch, as in BIP 199. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: THORChain; BasicSwap; Komodo DeFi; Bisq; its own chain's DEXes (Doge, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✗ | No token type in consensus; Doginals are inscriptions read by indexers. |
| Demand | 8.7 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 47 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 8.5 | $190,148,911 traded in 24 hours; #16 by volume on the exchanges the site reads (scored on the median day of the last 30, $187,061,609) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.3 | 1.5% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8 | $27,210,417 within 2% of the price on 9 exchanges, 0.26% of its market cap, median of the last 15 days; a lower bound: the books returned by 1 of them stop short of 2% |
| Market cap ($1M 0, $10B or more 10) | 10 | $10B, at the top of the scale |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.4% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 10 | 20 wallets in the site's wallet directory |
| Record | 6.8 | average of 3 criteria |
| Age (years since genesis) (Source) | 10 | 12 full years since genesis. Genesis block mined 6 December 2013. |
| Development (work, fixes, vulnerabilities) | 1.5 | 2 positive, 3 negative source |
| Positive | ||
| Steady work, 3.5 of 6 | ✓ | 33 commits in 7 of the last 12 months (github.com/dogecoin/dogecoin); Dogecoin Core 1.14.9, released 2024-12-01; it is the only release in the last 24 months (1.14.8 was 2024-08-07). |
| Shipped a security fix in two years, +1 | ✓ | Dogecoin Core 1.14.9, 1 Dec 2024: fixed bugs inherited from upstream Bitcoin and Namecoin code, upgrade strongly recommended (no CVEs named). |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Dogecoin v1.14.9. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Dogecoin v1.14.9. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Dogecoin v1.14.9. bitcoincore.org github.com github.com |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Negative record | ||
| Launched as a joke, its founders saying it has no purpose | ✗ | Created in December 2013 by Billy Markus and Jackson Palmer as a joke based on the Shiba Inu 'Doge' meme, parodying the wave of altcoins; dogecoin.com itself says it 'was first meant to be a joke'. dogecoin.com en.wikipedia.org |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCA
Kaspa KASA+All Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
156,683,792,860 DOGE are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Nodes or validators | 490 |
|---|
The work behind it
Dogecoin mines nothing for itself: every block sampled carried another chain's work. The 2.99 PH/s recorded against it is borrowed from a parent chain, so it is shown but never ranked on.
What a regulator has said
Named a digital commodity in the joint SEC-CFTC interpretation (Mar 17, 2026).
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Dogecoin
Dogecoin is #9 among cryptocurrencies and #12 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 3 places between Dogecoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on Dogecoin →
Wallets that hold Dogecoin
Read on the site
- Hashrate is not one number · blog
- Mining profitability and hashrate sites compared · blog
- Regulatory classes of cryptocurrencies: commodity, contested, security, unclassified · blog
- Why ten-minute blocks: what faster blocks cost every node and wallet, measured · blog
- Which cryptocurrencies have a fixed supply? Capped and uncapped coins · journal
- The proof-of-work hashrate leaderboard doesn't exist · journal
- Where a DEX runs, and what it actually trades · journal