Dogecoin (CRYPTO: DOGE) is still a hot topic in the crypto world. The meme coin rose to unexpected fame and has continued to be discussed by fans, celebrities and the media.

Dogecoin（Crypto：Doge）仍然是加密世界中的熱門話題。模因硬幣引起了意想不到的名聲，並繼續由粉絲，名人和媒體討論。

But is Dogecoin dead, or does it still have momentum?

但是Dogecoin死了，還是仍然有動力？

Here's a look at how Dogecoin is performing in May 2025, new developments, fan sentiment, on-chain activity and what's next for the coin.

以下是Dogecoin在2025年5月表現，新的發展，粉絲情緒，鏈上活動以及硬幣下一步的表現。

What Happened: Dogecoin was trading at $0.2246 at press time on Friday. The coin is down 71.8% from its all-time high of $0.81, which it hit in May 2021.

發生的事情：Dogecoin週五發稿時的交易價格為0.2246美元。硬幣比其歷史最高額為0.81的高度下降了71.8％，該硬幣在2021年5月達到了。

Dogecoin is up 28.92% in the past year and down 37.78% year-to-date.

在過去的一年中，Dogecoin上漲了28.92％，逐年下跌37.78％。

The coin is trading at a price-to-earnings multiple of 32.68, which is calculated by dividing the market cap of $3.69 billion by the coin's annualized earnings.

硬幣以32.68的市盈率交易，這是通過將36.9億美元除以硬幣的年度收入而計算的。

Dogecoin has a market cap of $32.68 billion, making it the eighth-largest cryptocurrency. It also represents about 1% of the total cryptocurrency market cap.

Dogecoin的市值為36.8億美元，使其成為第八大加密貨幣。它還佔加密貨幣市值的1％。

About 1.27 billion Dogecoin were sold on Friday, and the 24-hour volume is $3.45 billion. For reference, the daily volume of stock market trades is about $1 trillion.

週五售出了約12.7億多黴素，24小時的數量為34.5億美元。作為參考，股票市場交易的每日數量約為1萬億美元。

On Monday, May 13, the number of active Dogecoin addresses increased by 528% in a 24-hour period, rising from 74,640 to 469,477. The increase in active addresses follows news that the Securities and Exchange Commission had approved an updated application for a Dogecoin ETF from 21Shares.

5月13日，星期一，在24小時內，主動狗幣的數量增加了528％，從74,640升至469,477。主動地址的增加之後，有消息稱美國證券交易委員會已批准了21shares的Dogecoin ETF的更新申請。

The week leading into Tuesday, May 14, saw active wallets increase by nearly 990%.

直到5月14日星期二的一周，活動錢包增加了近990％。

The amount of Dogecoin traded increased by 41% on Monday, reaching $23.35 billion.

週一，Dogecoin的交易額增加了41％，達到233.5億美元。

In May, whale activity saw large investors, or those with holdings of 100 million to 1 billion DOGE, add over 1 billion DOGE to their holdings in the month. The large investors added 600 million DOGE in a two-day period around May 11.

五月份，鯨魚活動使大型投資者或持有1億至10億輛持股的投資者增加了本月的持股超過10億。大型投資者在5月11日左右的為期兩天的時間內增加了6億多名。

Related Link: 5 Things You Should Know About Dogecoin (CRYPTO:DOGE)

相關鏈接：關於Dogecoin（加密：Doge）的5件事

Dogecoin Core Integration

Dogecoin核心整合

Dogecoin is often criticized for a lack of new technology, but the Dogecoin Foundation, which was re-founded in 2021 with advisor Vitalik Buterin, is working to strengthen the coin.

Dogecoin經常因缺乏新技術而受到批評，但是Dogecoin基金會於2021年與顧問Vitalik Buterin重新創建的Dogecoin基金會正在努力加強硬幣。

The Foundation is focused on several key areas:

該基金會側重於幾個關鍵領域：

Dogecoin Core, the main software, continues to be updated for better security, speed and ease of use. In 2024, there were minor updates, including versions 1.14.8 and 1.14.9, which patched some critical vulnerabilities.

主要軟件Dogecoin Core繼續進行更新，以提高安全性，速度和易用性。在2024年，有較小的更新，包括版本1.14.8和1.14.9，這些版本修補了一些關鍵的漏洞。

Libdogecoin, a toolkit for developers, is designed to make it easier to create things that work with Dogecoin. In early 2024, Libdogecoin 0.1.3 gained Android compatibility and better security. By April 2025, version 0.1.4 was released, adding support for trusted execution environments and faster transaction verification.

開發人員的工具包Libdogecoin旨在使創建與Dogecoin一起使用的東西變得更加容易。在2024年初，Libdogecoin 0.1.3獲得了Android兼容性和更好的安全性。到2025年4月，發布了0.1.4版，增加了對受信任的執行環境的支持和更快的交易驗證。

For businesses that want to accept DOGE payments, GigaWallet is being developed as a back-end system that aims to integrate smoothly with online shopping carts and provide easy-to-use tools for developers.

對於想要接受Doge Payments的企業，Gigawallet是作為後端系統開發的，旨在與在線購物車平穩整合併為開發人員提供易於使用的工具。

RadioDoge is an initiative focused on enabling Dogecoin transactions without internet connectivity using LoRa radio signals and Starlink satellites. The first internet-free Dogecoin transfer was successfully performed in 2023.

Radiodoge是一項旨在使用LORA無線電信號和Starlink衛星的互聯網連接的dogecoin交易的倡議。第一個無網絡的Dogecoin轉移在2023年成功進行。

There are also ongoing discussions about migrating Dogecoin from its current Proof-of-Work consensus mechanism to a more energy-efficient Proof-of-Stake model. Buterin has contributed ideas for a “community staking” concept.

關於將Dogecoin從目前的工作證明共識機制遷移到更節能的風險證明模型的討論也在進行中。 Buterin為“社區積累”概念貢獻了想法。

In the Layer-2 and DeFi space, projects like Dogechain are exploring ways to bring smart contracts, decentralized finance and NFTs to Dogecoin. DogeOS, an operating system platform, recently secured funding to help individuals build everyday applications on Dogecoin.

在第2層和Defi空間中，像Dogechain這樣的項目正在探索將智能合約，分散財務和NFT帶到Dogecoin的方法。 Dogeos是一個操作系統平台，最近獲得了資金，以幫助個人在Dogecoin上構建日常申請。

According to data from CryptoMiso, which tracks public code changes on GitHub, Dogecoin saw 119 updates and contributions from 99 different people over the past year.

根據Cryptomiso的數據，該數據跟踪Github上的公共代碼更改，Dogecoin在過去一年中看到了來自99個不同人的119個更新和貢獻。

The Dogecoin Foundation's "Trailmap" for 2024 centers around making Dogecoin more useful and promoting new ideas from its users, including standardizing a formal "Dogecoin Standard" and building "Dogebox" to assist businesses in integrating with Dogecoin in a decentralized manner.

Dogecoin基金會在2024年中心的“ Trailmap”旨在使Dogecoin更有用，並從其用戶中推廣新的想法，包括標準化正式的“ Dogecoin Standard”和建立“ Dogebox”，以幫助企業以分散的方式與Dogecoin合併。

Dogecoin Army

多黴素軍隊

No discussion of Dogecoin would be complete without mentioning its passionate fanbase, often called the "Doge Army." This group, known for its high spirits, sense of humor and charitable endeavors, has played a significant

沒有提及其熱情的粉絲群，通常被稱為“道路軍隊”，就不會對多黴素進行討論。這個團體以其興高采烈的幽默感和慈善事業而聞名，發揮了重要的作用