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Dogecoin (DOGE) recorded a significant surge in its network activity over the last two days, processing more than 4 million transactions between May 27 and 28, according to BitInfoCharts.
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Tron developers also said they have “promised full support” for Web3 development in Hong Kong.
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Lack of demand for tokens was identified as the primary reason for failure.
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Dogecoin's transaction volume and hashrate has recorded tremendous growth thanks to the hype surrounding DRC-20 tokens.
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Dogecoin transaction volume flips Ethereum amid DRC-20 token fever
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Bitcoin Cash advocate and early Bitcoin investor Roger Ver has praised Ethereum, saying it will be the chain that drives global cryptocurrency adoption.
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