TechFlow News, September 19 — According to Coindesk, an IntoTheBlock report shows that Dogecoin (DOGE) network transaction volume surpassed 1.93 million transactions in the past week, reaching its highest level since early July and exceeding other popular tokens such as Shiba Inu (SHIB), Floki (FLOKI), and Pepe (PEPE).
However, CoinGlass data indicates that DOGE futures open interest has remained around $500 million since late July, suggesting that significant new capital has not entered the market. Notably, despite the surge in transaction volume, the current weekly volume is still far below the peak of 10 million transactions reached in February 2024.
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