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热门话题。模因硬币引起了意想不到的名声，并继续由粉丝，名人和媒体讨论。

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

但是Dogecoin死了，还是仍然有动力？

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月表现，新的发展，粉丝情绪，链上活动以及硬币下一步的表现。

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.

发生的事情：Dogecoin周五发稿时的交易价格为0.2246美元。硬币比其历史最高额为0.81的高度下降了71.8％，该硬币在2021年5月达到了。

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

在过去的一年中，Dogecoin上涨了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.

硬币以32.68的市盈率交易，这是通过将36.9亿美元除以硬币的年度收入而计算的。

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的市值为36.8亿美元，使其成为第八大加密货币。它还占加密货币市值的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.

周五售出了约12.7亿多霉素，24小时的数量为34.5亿美元。作为参考，股票市场交易的每日数量约为1万亿美元。

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小时内，主动狗币的数量增加了528％，从74,640升至469,477。主动地址的增加之后，有消息称美国证券交易委员会已批准了21shares的Dogecoin ETF的更新申请。

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，活动钱包增加了近990％。

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

周一，Dogecoin的交易额增加了41％，达到233.5亿美元。

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，鲸鱼活动使大型投资者或持有1亿至10亿辆持股的投资者增加了本月的持股超过10亿。大型投资者在5月11日左右的为期两天的时间内增加了6亿多名。

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

相关链接：关于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经常因缺乏新技术而受到批评，但是Dogecoin基金会于2021年与顾问Vitalik Buterin重新创建的Dogecoin基金会正在努力加强硬币。

The Foundation is focused on several key areas:

该基金会侧重于几个关键领域：

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.

主要软件Dogecoin Core继续进行更新，以提高安全性，速度和易用性。在2024年，有较小的更新，包括版本1.14.8和1.14.9，这些版本修补了一些关键的漏洞。

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.

开发人员的工具包Libdogecoin旨在使创建与Dogecoin一起使用的东西变得更加容易。在2024年初，Libdogecoin 0.1.3获得了Android兼容性和更好的安全性。到2025年4月，发布了0.1.4版，增加了对受信任的执行环境的支持和更快的交易验证。

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.

对于想要接受Doge Payments的企业，Gigawallet是作为后端系统开发的，旨在与在线购物车平稳整合并为开发人员提供易于使用的工具。

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是一项旨在使用LORA无线电信号和Starlink卫星的互联网连接的dogecoin交易的倡议。第一个无网络的Dogecoin转移在2023年成功进行。

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.

关于将Dogecoin从目前的工作证明共识机制迁移到更节能的风险证明模型的讨论也在进行中。 Buterin为“社区积累”概念贡献了想法。

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层和Defi空间中，像Dogechain这样的项目正在探索将智能合约，分散财务和NFT带到Dogecoin的方法。 Dogeos是一个操作系统平台，最近获得了资金，以帮助个人在Dogecoin上构建日常申请。

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.

根据Cryptomiso的数据，该数据跟踪Github上的公共代码更改，Dogecoin在过去一年中看到了来自99个不同人的119个更新和贡献。

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基金会在2024年中心的“ Trailmap”旨在使Dogecoin更有用，并从其用户中推广新的想法，包括标准化正式的“ Dogecoin Standard”和建立“ Dogebox”，以帮助企业以分散的方式与Dogecoin合并。

Dogecoin Army

多霉素军队

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

没有提及其热情的粉丝群，通常被称为“道路军队”，就不会对多霉素进行讨论。这个团体以其兴高采烈的幽默感和慈善事业而闻名，发挥了重要的作用