Dogechain is a new project that aims to serve as a layer 2 network for Dogecoin. It will add various features to the original blockchain. For example, Dogechain will support decentralized finance services (DeFi), decentralized apps (dApps), and NFTs.

Dogechain is already operational. On Aug. 27, the project said that it has carried out 4.5 million transactions and registered 175,000 unique wallets to date. On Aug. 15, it claimed that $70 million worth of DOGE has been deposited on-chain.