- Solana’s low fees and speed attract DOGE users seeking cost-efficient transfers and DeFi participation opportunities.
- DOGE’s entry into Solana exposes it to new users but competes with native memecoins like BONK.
Wormhole has enabled Dogecoin (DOGE) to function natively on Solana, expanding the token’s use across decentralized applications. The integration uses Wormhole’s Native Token Transfers (NTT) framework and zero-knowledge proofs developed by Psy and RISC Zero, allowing DOGE holders to access Solana’s ecosystem without intermediaries.
The NTT system lets DOGE move between blockchains while retaining ownership controls and upgrade capabilities. This approach contrasts with wrapped tokens, which rely on third-party custodians. By bridging DOGE’s $35 billion market value to Solana, Wormhole aims to increase liquidity for traders and developers building on Solana’s high-speed network.
Robinson Burkey, co-founder of the Wormhole Foundation, stated the integration merges “two major forces” — Solana’s transaction volume and DOGE’s market presence. Solana ranks among the most active blockchains by daily activity, while DOGE remains a top cryptocurrency by valuation.
Wormhole has directed over $11.5 billion in assets to Solana, surpassing rival interoperability protocols. The DOGE integration responds to rising retail and institutional interest in multichain access, particularly for large-cap tokens. Solana ecosystem, which includes decentralized exchanges and lending platforms, could see heightened DOGE usage in trading pairs or collateral options.
Wormhole’s NTT framework supports asset transfers across networks without altering original token contracts. This method is used for stablecoins, tokenized real-world assets, and other cryptocurrencies seeking cross-chain functionality. By standardizing multichain interoperability, NTT reduces technical barriers for projects expanding beyond their native blockchains.
The DOGE-Solana link underscores Wormhole’s focus on connecting established assets with high-performance networks.
Dogecoin (DOGE) – Real-Time Price & Market Analysis – May 22, 2025
Dogecoin (DOGE) is currently trading at $0.2391, marking a +2.13% gain in the last 24 hours and continuing its climb, now up +49.74% in the last month. This memecoin revival aligns with Bitcoin’s breakout and broader altcoin momentum.
Despite these impressive short-term gains, DOGE is still -24.31% year-to-date and -42.24% down over the past 6 months, underscoring its high volatility and speculative nature.
Dogecoin now has a market cap of $35.65 billion, with 24-hour trading volume of $2.8 billion, confirming high liquidity and active participation.
Technically, DOGE recently rallied from a low of $0.2234 to a high of $0.2439, following a confirmed bull pennant breakout. ETHNews analysts on TradingView are targeting the $0.30–$0.40 range if the move sustains, citing a bullish flag formation and inverse head-and-shoulders pattern on the 4H and daily charts. Current resistance lies near $0.25, and support is holding well at $0.227–$0.231.
🚨 🚨 210,000,000 #DOGE (46,019,436 USD) transferred from #Robinhood to unknown wallethttps://t.co/CyVIvv0uWQ
— Whale Alert (@whale_alert) May 20, 2025
Fundamentally, the DOGE ecosystem is being lifted by strong community sentiment and a series of whale moves — including a mysterious 260 million DOGE transfer from Robinhood — indicating long-term accumulation. In addition, a new survey from Singapore shows 28% of crypto investors hold at least one memecoin, with Dogecoin ranked as the most popular choice.
