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Despite price stagnation, Dogecoin miners surpass $1 billion in revenue
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The meme-coin saga that began with the OG Dogecoin long back, took the cryptocurrency industry by storm only this year, with several rival meme- tokens like Shiba Inu now giving Doge a run for its money. However, they have not been able to wane the interest in the king, as a new all-time revenue record was set by Doge miners last month.
According to latest data by analytics firm CoinMetrics, total all-time miner revenue surpassed $1 billion for the first time on November 13, indicating persistent activity within the joke-coin’s community.
Notably, the significant increase in mined income was only noticed this year, even as Dogecoin has been in existence since 2014. The sum of all miner revenue indicated in the chart below includes both fees
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