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.
What we should understand, is that dogechain is just a supportive measure to back a Dogecoin and also create more vacuum in Dogecoin, so what I'm seeing over there, is a systematic way's of involving into advertisement of Dogecoin, so that it's value will still remain since other tokens or altcoins is giving off in the market per say