DogeFee Research
Long-form research on one significant Dogecoin story per week.
Market value, security, usage, fees and institutional exposure — five real, sourced numbers that together explain what Dogecoin actually is in the week its lunar satellite finally reached the pad: $12.9B of market value, 3.91 PH/s of hashrate, 22,636 transactions a day, a $0.0028 median fee, and an ETF complex worth 0.09% of the asset it tracks.
The week the floor held and the elasticity broke: a $0.08012 retest bought by 400M DOGE of whale accumulation, a −$763K fund outflow that price ignored, a +10.8% close at $0.0909 — and, for the first time in four weeks, a usage series that declined to echo the price. Five real, sourced numbers: $14.16B, 1,367 blocks a day, 25,807 transactions, a fee market that never prints, and a divergence scored in the whales' favor.
The week the squeeze unwound: −12.1% to $0.0821 on half the volume, a second ETF inflow day worth a tenth of a day's mint, the loudest social cycle of the year producing a shrug from the tape, a 1.7B whale claim printed with its caveat, and a chain that ran 1,366 blocks a day through both halves of the round trip. Five real, sourced numbers.
The week DOGE finally moved: +34.2% to $0.0934, an intraday pierce of $0.10, and the first week in our tracked window where price, volume and usage all rose together. Five real, sourced numbers explain what actually happened: $14.5B of market value, 1,362 blocks a day of unchanged security, 31,562 transactions a day of genuine participation, a fee market that never blinked, and a record ETF day worth half a day of issuance.