Dogecoin Weekly Data Report — October 5–11, 2026

1. What changed this week

Three things changed, and only one of them was on-chain. First, the price broke its base: DOGE closed at $0.08678, −9.5%, the first weekly close under $0.090 in our records, driven by a market-wide flush (Bitcoin under $84,000 on hawkish Fed minutes, $1.16 billion of crypto liquidated across October 7–8). Second, spot volume rose as the price fell — $1.82 billion, up 26% — the signature of distribution rather than accumulation. Third, and the part that matters for this site: nothing in the operation of the chain changed. Blocks, issuance, fees and the block clock all printed within a hair of last week. Usage stopped falling. The machine was the quietest thing in the report.

Context against the prior week: the advance the coin carried into the window has been fully retraced. Last week's close of $0.09592 gave way to this week's −9.5%, leaving the coin back below the $0.090 floor it had held. The distinguishing feature of the week is not the size of the drop — it is that it was imported: a macro risk-off move that left the on-chain series essentially untouched.

2. The dashboard

Every figure above is a 7-day average or a window aggregate computed from the raw daily series — never a Sunday print standing in for the week. Sources and derivations are in the appendix.

3. Price: a base broken in three sessions

The week's path, day by day, from our own unrounded close series:

Two readings matter. First, the drawdown was concentrated: 12.4% came off in the three sessions from Monday's $0.09543 to Thursday's $0.08404, and the final three sessions recovered 3.3% — the week's damage was done midweek, on macro, not spread evenly. Second, the close sits $0.0032 under the $0.090 line that defined the prior range and 7.0% above the intraday low — a broken level reclaimed only halfway. The $0.08112 low is the level to watch below; a weekly close under $0.0800 would open the deeper-downtrend read.

4. Usage: the floor holds

Daily transactions averaged 17,796, down just 0.4% from last week's series-low 17,860 — the series' first flat print after a run of steep declines. That matters because the price fell 9.5% in the same window: a decline this size would normally drag activity with it, and instead the series held flat at the floor. Active addresses averaged 33,325, down 4.7% and a fresh low, but the transaction count — the series with the tighter floor — did not break. The full series:

The composition is the honest read. Last week's break was a genuine pullback — the series fell 25.9% and the per-transfer fee stayed intact. This week's print is the opposite kind of signal: a large price decline that failed to shake usage out. A series that stops falling while the tape drops is not recovery, but it is a change in behavior, and it is the first such change since the decline began. The two pre-committed lines stand: a weekly average under 17,000 extends the decline; above 21,000 starts a base.

One internal cross-check the flat print passed: miners' fee intake fell about 3% in DOGE terms (7,815 a day against 8,086), matching the small drop in per-transfer fees rather than any collapse in transaction volume — the fee line and the usage line moved together, as they must.

5. Issuance and supply

The chain produced 1,362 blocks per day (9,534 across the week), issuing 13.62M DOGE per day — worth approximately $1.18 million at the $0.08678 close. The supply series confirms the arithmetic to the coin: CoinMetrics puts supply at 156,286,232,866 DOGE at the window's end, an increase of exactly 95.34 million DOGE — 9,534 blocks × 10,000, the fixed per-block subsidy. We cross-checked the block count independently against the chain itself: Blockchair's day-end block heights run 6,401,839 (October 4) to 6,411,373 (October 11) — a difference of 9,534. Two sources, one number.

The DOGE-denominated subsidy was unchanged (1,362 vs 1,363 blocks, a 0.1% difference) while its dollar value fell 9.5% — the price did all the work, as it always does. The security budget is price-led; the mint is not. Note that the dollar figure is the one that moves, and this week it moved to the lowest annualized value in our records: ~$431 million, down from ~$477M the prior week.

6. Hashrate and difficulty: a series too jittery to read this week

This is the week our difficulty instrument hit its limit, and the honest report is a warning rather than a number. Dogecoin retargets difficulty every block (DigiShield), so the difficulty of each day's last block is a single sample of a distribution with a wide intraday spread. Usually that spread is tolerable and the day-end path reads cleanly. This week it was not: the day-end prints swung from 19.28 million to 42.94 million — a 2.2× range inside seven days — with no discernible trend:

Read the endpoints and you get −6.4% week over week; read the path and you get noise — three prints above the 40M reclaim line (October 6, 8, 10) and a new low of 19.28M (October 7) inside a single week. A series that flags 'exodus over' on Tuesday and 'exodus resuming' on Wednesday is not describing an exodus; it is describing the jitter that per-block retargeting guarantees in a one-block sample. The implied hashrate derived from these prints (day-end difficulty × 2³² ÷ block time) inherits the noise exactly: it ranges from 1.30 to 2.90 PH/s within the week, against a 2.23 PH/s reference. We are publishing the path because every print is individually checkable on Blockchair, but we are flagging in the same breath that a single day-end print cannot grade a weekly security move — the calibration this edition's deep dive takes up in full.

What did hold, and this is the real finding: the block clock. The chain produced 1,362 blocks a day, an implied block time of 63.4 seconds against the 60-second target, essentially identical to last week's 63.4. Through a 9.5% price drop and a difficulty series bouncing between 19M and 43M, the schedule never moved. The margin flexed; the machine did not.

One robustness check, added this week precisely because the single print misbehaved: we pulled each day's mean difficulty over its final 100 blocks (a reproducible close-of-day average, one query per day). That measure is far steadier — it ranged 29.63M to 42.57M, a 1.44× spread against the single print's 2.23× — and it disagrees with the single print materially on individual days. October 7 is the cleanest example: the day's last block printed 19.28M while the day's closing 100 blocks averaged 35.95M, a 46% gap inside the same session. On the smoothed caliber the week's change is −2.2% (39.54M → 38.68M, October 4 to 11) rather than the single print's −6.4%: the two brackets say difficulty fell somewhere between about 2% and 6% week over week, and neither endpoint alone is the answer. This is the measurement problem this edition's deep dive rebuilds around a band.

7. The fee ledger

Fees remain a footnote — and this edition's caliber is the same inside-the-window series as last week. Miners collected about 7,815 DOGE per day in fees, an average of 0.4391 DOGE (~$0.0381) per transfer, worth on the order of $693 per day — roughly 0.06% of subsidy revenue. The per-transfer average fell 3.0% from last week's 0.4527 (same method: CoinMetrics FeeTotNtv ÷ transactions, both weeks), and total fee income fell about 9% in dollars, in line with the price. There was no congestion: the block clock never filled, holding 1,362 blocks a day at 63.4 seconds against the 60-second target. Per-transfer drift on steady usage is transaction mix, not a fee-market shift; if congestion ever arrives, it shows up in the clock first.

8. Market value ratios, three ways

At the $0.08678 close and 156.2862B DOGE outstanding, the market values Dogecoin at $13.56 billion. Divided by the week's activity, that is $762,100 of market cap per daily transaction and $407,000 per daily active address. Both ratios fell this week — the transaction ratio by 9.1%, the address ratio by 5.0% — and the direction is the notable part: the ratio's numerator collapsed (market cap −9.5%) while its denominator held or fell only slightly. Last week the transaction ratio expanded because usage retreated; this week it contracted because the price did. A ratio falling on price while usage stands still is the healthy version of that move. The sensitivity, so no single activity assumption carries the read:

9. Scenario math: what $0.0800–$0.100 does to the security budget

The band widens this week to the levels now in play — $0.0800 (the downside trigger, just under the week's low), $0.08678 (the actual close), $0.0900 (the broken floor), and $0.100 (the psychological line). Issuance is held at the observed 13.62M DOGE/day; only the price moves:

The invariants hold as always: the percentage column never moves — dilution is 3.18% a year at any price — and the security budget swings by about $99 million between the bottom and top rows. At this week's close the annualized subsidy is the lowest in our records, which is the honest context for the security-margin noise above: the price of the reward fell while the work required to earn it oscillated.

10. Volume: distribution, not accumulation

Gate.io turnover for the week totalled approximately $1.82 billion, up 26.0% from $1.44 billion — and the composition is the point. Volume peaked on the crash day (October 8, $439.5 million) and collapsed afterward (October 10, $141.7 million), the classic shape of a stopping-out rather than an accumulation: holders met the decline with size, then activity dried up once the selling cleared. That is the opposite of last week's quiet, and it tells the same story as the spot-flow data in the news review — coins changed hands at lower prices, which is distribution.

Two composition notes. First, $1.82 billion across seven sessions is roughly $259 million a day, against roughly $206 million a day last week — a return toward the top of our volume range, not a record. Second, DOGE turned over about 2.9% of its market cap a day this week (per CryptoTicker's October 11 reading), roughly three times Bitcoin's ratio — a structural fact of the coin that means its price reacts more sensitively to individual large orders than a more held-up asset's would.

11. What we still cannot source

Four gaps. Pool share: still no verifiable pool-hash distribution source at writing, so the table stays out. Whale net positions: this week produced two contradictory single-source claims (100M DOGE distributed vs 120M added); the netflow series we actually score remains unsourced. Point-in-time difficulty: as section 6 documents, a single snapshot or day-end print carries too much jitter to grade a weekly move — the reason this report flags its own difficulty series and the deep dive recalibrates it. Per-day ETF flows: the week's series carried none to print — zero net flow in every session — which is itself the finding, published as-is rather than smoothed.

12. Appendix: data snapshot