Dogecoin’s network has seen a massive uptick in activity, with the number of active addresses skyrocketing by 400%, according to blockchain analytics.
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Data from Santiment, shared by analyst Ali Charts, highlights a surge in active addresses, reaching nearly 395,000. This suggests a renewed interest in Dogecoin, potentially tied to increased development efforts or broader adoption. The reasons behind the spike remain unclear, but it marks a sharp contrast to the declining engagement seen in previous months.
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Between late December 2024 and February 2025, Dogecoin’s price experienced a downturn, accompanied by a drop in daily active addresses, indicating that falling prices discouraged participation. However, since March 2025, both activity and price have shown signs of recovery.
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Alexander Stefanov
