Update
Dogecoin Contributor Clarifies Purpose
A DogeOS executive claimed that Dogecoin, with over 10 million holders, has almost no builders. Dogecoin contributor Mishaboar defended the cryptocurrency's original purpose as a simple, permissionless currency. The conversation began when DogeOS CSO BuidrJ stated that Dogecoin has barely anyone building for it, which was disputed by core developer Chromia X. BuidrJ cited that DOGE has a $12.3 billion market cap and almost none of it is put to work on-chain, compared to Ethereum and Solana, which have significant DeFi activity. Mishaboar disagreed, stating that DeFi capital does not define Dogecoin's success and that DOGE was never meant to be Ethereum or Solana.