DOGE still has 50K daily active wallets and expects to become a social media payment coin.
Dogecoin (DOGE) retained a surprisingly high liquidity. The market depth for the meme coin is around twice as high as for BTC.
Dogecoin (DOGE) remains one of the most liquid assets, not only among meme tokens and coins. Compared to BTC, DOGE has a greater market depth, according to recent Kaiko research.
Market depth is the main metric for slippage, and is closely watched to gauge eventual corrections. BTC stalled just below $73,000, once again raising concerns about selling pressure.
According to Kaito research, the crypto market saw major shifts in available liquidity. DOGE held up surprisingly well, both in comparison to altcoins and to BTC. Kaito noted that DOGE increased its market depth after the October market crash, going against the market trend.
DOGE book depth recovered quickly in 2026, according to Kaito research. According to the latest gauges, on average, DOGE 1% market depth sits around $13M, while BTC 1% market depth is at around $6M.
Liquidity conditions may vary and change quickly, but DOGE shows it has not turned into a dead asset. DOGE still traded with much lower volumes compared to BTC and ETH, but was widely distributed on exchanges, tapping multiple global markets.
DOGE is also a mined coin, adding to its longevity and resilience. Litecoin and Dogecoin mining rate is now close to its highest level in the past three months.
DOGE performed with great resilience in the past five months, contrary to the overall market sentiment. One of the reasons was the approval of DOGE ETF, which boosted inflows.
Currently, there are four live DOGE ETFs and two more pending. The funds have a relatively low level of assets under management, but still managed to attract buying even during the market downturn.
DOGE open interest also increased in the past few days, rising to over $445M, from a recent low of $353M.
DOGE remained around a three-month low of $0.09. Despite this, the coin has seen some short-term rallies. Historically, DOGE has gone through significant breakouts and surges in interest.
In early 2026, DOGE transactions are down to all-time lows of around 24K per day. During active periods, DOGE has handled over 2M daily transfers. Currently, the DOGE network carries around 50K daily active wallets.
