Dogecoin's network is experiencing unprecedented growth, with active addresses increasing nearly tenfold in just one week. This surge coincides with Coinbase's announcement to support a wrapped version of the token, cbDOGE, on its Base scaling network.

Dogecoin的網絡正在經歷前所未有的增長，在短短一周內，積極的地址增長了近十倍。 這次激增與Coinbase的公告相吻合，該公告在其基本縮放網絡上支持代幣的包裝版本。

What to Know:

知道什麼：

• Dogecoin active addresses soared from 61,892 to 674,527 in a single week—a 990% increase.
• Futures market interest in Dogecoin climbed 66% to $1.65 billion during the same period.
• Coinbase plans to launch cbDOGE on its Base network, potentially expanding Dogecoin's utility.

The dramatic increase in network usage follows Coinbase's announcement of cbDOGE, a wrapped Dogecoin token for its Base Layer-2 Ethereum scaling solution. Glassnode data reveals active Dogecoin addresses jumped from 61,892 on May 7th to 674,527 by May 14th—a 990% increase in seven days. This significant growth indicates renewed user engagement and transaction volume.

Dogecoin active addresses soared from 61,892 to 674,527 in a single week—a 990% increase.Futures market interest in Dogecoin climbed 66% to $1.65 billion during the same period.Coinbase plans to launch cbDOGE on its Base network, potentially expanding Dogecoin's utility.The dramatic increase in network usage follows Coinbase's announcement of cbDOGE, a wrapped Dogecoin代幣的基礎層以太坊縮放解決方案。 玻璃節數據顯示，活動的Dogecoin地址從5月7日的61,892躍升至5月14日到674,527，在7天內增加了990％。這種顯著的增長表明了新的用戶參與和交易量。

This renewed interest extends beyond casual users. Professional traders are also participating, with open interest in Dogecoin futures contracts surging over 66% in the same week, rising from $989 million to $1.65 billion. This substantial increase in leveraged positions suggests heightened trader confidence and anticipation of increased price volatility.

這種新的興趣超出了休閒用戶。 專業貿易商也在參加，同一周對Dogecoin期貨合約的開放興趣超過66％，從9.89億美元增加到16.5億美元。槓桿頭寸的大幅增長表明，交易者的信心增強和對價格波動提高的預期。

Coinbase Integration and Market Analysis

共同集成和市場分析

Coinbase Assets announced on May 14th that cbDOGE will join other wrapped tokens planned for Base. Their statement included: "cbADA, cbDOGE, cbLTC, cbXRP coming soon. These assets are not yet live or available. We will announce their launch at a later date."

Coinbase Assets於5月14日宣布，CBDOGE將加入計劃用於基地的其他包裹的代幣。 他們的聲明包括：“ CBADA，CBDOGE，CBLTC，CBXRP即將推出。這些資產尚未直播或可用。我們將在以後宣布其發布會。”

While a launch date wasn't specified, the announcement represents significant institutional support. Wrapped tokens enhance utility through cross-chain functionality and DeFi applications, potentially creating new demand. Coinbase's previous wrapped Bitcoin product, cbBTC, reached a $1 billion market capitalization in just 57 days, demonstrating strong market appetite.

雖然尚未指定發布日期，但該公告代表了大量機構支持。包裹的代幣通過跨鏈功能和DEFI應用程序增強了效用，可能會創造新的需求。 Coinbase以前包裝的比特幣產品CBBTC在短短57天內就達到了10億美元的市值，證明了強烈的市場食慾。

A market observer commented, "Coinbase already has a successful wrapped Bitcoin product that achieved a $1 billion market cap in less than two months. The same infrastructure expansion for Dogecoin could bring similar growth in liquidity and exposure."

市場觀察家評論說：“ Coinbase已經擁有成功包裝的比特幣產品，在不到兩個月的時間內實現了10億美元的市值。Dogecoin的基礎設施擴展相同，可以帶來類似的流動性和風險敞口增長。”

Base continues to gain traction as an Ethereum scaling solution, and cbDOGE could significantly expand access to Dogecoin. This mirrors Coinbase's previous expansion of its wrapped Bitcoin product on the Solana blockchain.

基本作為一種以太量表的求解而繼續獲得牽引力，而CBDOGE可以顯著擴大對Dogecoin的訪問。 這反映了Coinbase以前在Solana區塊鏈上對包裹的比特幣產品的擴展。

Technical analysts are also noticing these developments. Galaxy, a prominent cryptocurrency market analyst, suggested on X (formerly Twitter) that Dogecoin's price may be entering its "third bull cycle," stating, "May I present you DOGE. Yet another case of 'nobody talks about it until everybody talks about it.'"

技術分析師還注意到了這些發展。 Galaxy是一位著名的加密貨幣市場分析師，他在X（以前是Twitter）上建議，Dogecoin的價格可能正在進入其“第三個公牛週期”，說：“我可以介紹您是Doge。還有另一個案例，還有另一個案例，'沒人談論它，直到每個人都在談論它。

Historical Context and Future Outlook

歷史背景和未來前景

Dogecoin has historically shown resilience during cryptocurrency market cycles, often defying expectations. Past rallies have benefited from high-profile endorsements, particularly from Elon Musk, although his influence seems to be waning recently.

在加密貨幣市場週期中，Dogecoin歷史上表現出彈性，通常會違背期望。 過去的集會受益於備受矚目的認可，尤其是埃隆·馬斯克（Elon Musk），儘管他的影響力似乎最近正在減弱。

The combination of increased network activity, growing derivatives interest, and upcoming infrastructure developments suggests Dogecoin may be gaining market visibility. Continued growth and a successful cbDOGE launch on Base could lead to improved DeFi integration, higher trading volumes, and renewed public attention.

網絡活動增加，增長的衍生品興趣以及即將到來的基礎設施發展的結合表明，Dogecoin可能正在獲得市場的可見性。 持續的增長和基本的CBDOGE成功推出可能會導致不斷增長的集成，更高的交易量和新的公眾關注。

However, significant risks remain. Broader macroeconomic pressures continue to impact cryptocurrency markets unpredictably, and the volatile nature of digital assets necessitates thorough research before investment. The tenfold increase in network activity is notable, but its sustainability is uncertain.

但是，仍然存在重大風險。更廣泛的宏觀經濟壓力繼續無法預測地影響加密貨幣市場，並且數字資產的動盪性質需要在投資前進行徹底的研究。 網絡活動的十倍增加是值得注意的，但其可持續性尚不確定。

The market analyst noted, "The pattern is familiar—Dogecoin typically flies under the radar before experiencing rapid attention and price movement," referencing historical trading patterns.

市場分析師指出：“這種模式很熟悉 - dogecoin通常在雷達下飛行，然後才經歷了快速的關注和價格轉移，”參考歷史交易模式。

Closing Thoughts

結束思想

The 990% surge in Dogecoin network activity, coupled with Coinbase's plans for cbDOGE on Base, signals renewed interest. While this demonstrates institutional support, investors should remain cautious about market volatility and conduct thorough research before investing.

Dogecoin網絡活動的990％激增，再加上Coinbase在基礎上的CBDOGE計劃，信號引起了興趣。 儘管這證明了機構支持，但投資者應對市場波動率保持謹慎，並在投資前進行徹底的研究。