Dogecoin Is Getting Apps as DogeOS Opens Its Public Testnet

[Oshosondy]

Doge remain a meme coin, but the idea is from The team behind the MyDoge wallet opened a public test of DogeOS, a layer that lets developers build lending platforms and games on top of the meme coin network.

DogeOS opened the public testnet of its EVM-compatible application layer for Dogecoin on Sept. 30.
Fees on the testnet are paid in DOGE, and the teams building on it include a lending protocol, a perpetual exchange, a stablecoin and a prediction market aggregator.

So I think this is making doge to be useful than a meme coin indirectly, but I think it will also be for the profits of MyDoge wallet developers.

Only the testnet has been launched, no mainnet launch date announced for now.

[TastyChillySauce00]

I hope it doesn't become another struggling proof of work blockchain's layer 2 like others. Dogecoin's L2 becoming meme hub by enabling EVM-compatible layer to build the ecosystem is actually a really interesting concept but I'm doubtful of its success. We've got Dogechain back in 2022, it flopped. Even though this one seems to be supported by foundation, I can hardly tell it won't suffer the same fate.

So far only Ethereum ecosystem able to grow successful L2, even Solana's layer 2 like Sonic SVM and Nitro SVM failed to get people's attention.

[hugeblack]

If an onchain is launched, it may lead to a price surge, but the general trend for all EVM-compatible application layer projects is that they are temporary projects and do not change the currency price for a long period.

[asriloni]

So let's make it simple DogeOS is just another separate chain (L2) for doge coin. Honestly, i don't see anything special with this, and as i know DogeOS only uses dogecoin as the coin to pay gas on its network, but i've heard that they also have a plan to launch DogeOS token.

It's just another developer who is trying to create another unnecessary chain, then issue their own token to bags money. I've also heard there was a venture capital who backed mydoge team who develop DogeOS. So i'm sure they have a plan to launch alt for themselves and VC who backed them and i see DogeOS ticker already listed on cryptorank.

Beside that we had first experiement with Wdoge(ERC20) which was created by dogecoin foundation x Bitgo, and it's failed. So i don't think this dogeos launch by a team who created dogecoin wallet will be success.

I'm saying based on the statistic.

[MArsland]

It turns out that there is a new breakthrough from Doge who has not done much to surprise for a long time. The purpose of this is so that Doge can continue to develop in the era of competitive crypto projects that have real products that can be used. I think this is great, but of course the challenge lies in the interest of the community to adopt the ecosystem. Let's see what they can do to attract attention, if in the end there is not much interest then this will be another L2 project stack like the one in EVM.

[hugeblack]

So let's make it simple DogeOS is just another separate chain (L2) for doge coin. Honestly, i don't see anything special with this, and as i know DogeOS only uses dogecoin as the coin to pay gas on its network, but i've heard that they also have a plan to launch DogeOS token.

If that is the case, then I misunderstood the matter. I thought that something like Dogecoin can pass upgrade proposals (such as ^OP_CHECKZKP) via a soft fork and thus integrate smart contracts and not Layer-2 / Sidechain Platforms, which will not gain that fame or bring about real change.

[$crypto$]

It's just another developer who is trying to create another unnecessary chain, then issue their own token to bags money. I've also heard there was a venture capital who backed mydoge team who develop DogeOS. So i'm sure they have a plan to launch alt for themselves and VC who backed them and i see DogeOS ticker already listed on cryptorank.

DogeOS has already secured funding from VC Polychain Capital of $ 6.9 M and we know these VCs often fund L2 projects which you might say will rake in other investors ' money.
There is nothing special about creating your own native token in the end, there are already many projects of this kind that do not survive in the market in the end.
https://cryptorank.io/price/dogeos

They have multiple ecosystems, the same concept as other altcoins. https://www.dogeos.com/ecosystem