Updated on:12/04/2025 04:22 PM 
The Dogecoin Foundation has issued a formal clarification regarding Dogechain, emphatically stating that the layer-2 solution has no official connection to the original meme coin. Board member Jens Wiechers addressed the misinformation circulating through various media channels, highlighting that claims of affiliation between Dogecoin and Dogechain are completely unfounded.
This statement follows earlier remarks from Dogecoin developer cb_doge, who publicly identified Dogechain as "another knockoff token" and cautioned DOGE holders about influencers promoting the project without proper disclosure. The Foundation's intervention aims to protect the Dogecoin community from potential confusion and misleading investment narratives.
It's worth noting that DogeChain also serves as the official name for Dogecoin's native block explorer, adding another layer of potential confusion for market participants.
Dogechain positions itself as a layer-2 scaling solution designed to facilitate decentralized finance applications, non-fungible tokens, and gaming experiences on the Dogecoin ecosystem. However, technical documentation reveals that Dogechain actually operates on the Ethereum-compatible Polygon Edge "private label" framework, rather than being built directly on the Dogecoin blockchain network.
The project's value proposition centers on introducing smart contract functionality to the Dogecoin ecosystem, theoretically expanding its utility beyond simple peer-to-peer transactions. According to its whitepaper, this enhancement could unlock new use cases and applications for Dogecoin holders.
Dogechain's team emphasizes a community-driven approach, aligning with the original Dogecoin's philosophy of inclusivity and participant valuation. The project specifically highlights its commitment to a "community-first" methodology, noting that no venture capital firms have received token allocations in the development process.
The distribution mechanism for the "$DC" token involves an airdrop scheduled for "later this year," which will be based on snapshot balances of existing DOGE holdings. The project has encouraged interested parties to join their Discord community for further details on the exact distribution mechanics.
Market data from CoinMarketCap currently indicates the existence of three distinct tradable tokens with similar names: DogeChain, DOGECHAINU, and DOGECHAIN. All three tokens commenced trading on August 16, creating additional complexity for investors attempting to navigate this space.
In recent market developments, Dogecoin has demonstrated significant momentum, with a 23% price increase over the past seven days. This surge coincides with a broader uptrend across dog-themed meme coins in the cryptocurrency market. Notably, this price movement occurred without any major fundamental developments specific to the Dogecoin network.
The impressive performance has resulted in Dogecoin reclaiming its position among the top 10 cryptocurrencies by market capitalization, surpassing Polkadot in the rankings. Technical analysis shows DOGE experienced a 16% spike on August 14, reaching a high of $0.08478. This price action successfully converted the previous resistance level at $0.07561 into a support zone, indicating strengthening market sentiment.
However, recent trading activity has encountered resistance at the $0.08892 price point. On August 17 (GMT), the cryptocurrency attempted to breach this level for the third time but faced rejection, suggesting ongoing selling pressure at higher valuations.
Crypto analyst and investor Miles Deutscher has suggested a potential correlation between Dogecoin's recent price appreciation and the launch of Dogechain. In market commentary, Deutscher also highlighted the role of meme coins as potential "gateway" assets, introducing new participants to the broader cryptocurrency ecosystem.
