Dogecoin ranks #9 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #12: 3 of the 11 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 4 non-native assets CoinSpectrum lists above it by market cap, all are claims on other assets.
| CoinSpectrum Grade | A · 79/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #9 |
| Rank counting claims | #12 |
| Market capitalisation | $12.4B |
| Price | $0.0792 |
| Circulating supply | 156,511,242,860 DOGE |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Scrypt (merge-mined) |
| Own hashrate | 0 |
| Network purpose | Payments |
| Ledger type | Overlay-asset ledger |
| Launch distribution | No premine |
| Regulatory class | Commodity |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
A — 79 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 75 to 80 (A to A).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 8.5 | group average, 11 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7 | 4.2 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 2.2 | no fixed maximum; 157 billion in circulation: supply scale 4.3, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✓ | 12 full years since genesis, no halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✗ | typical fee $0.0055; about 74 transactions a second, 4.2 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 8 decimal places, the smallest unit worth $7.9e-10 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 6.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 7.5 | typical fee $0.0055 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 4.2 | about 74 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (32 MB or more 10) | 8 | 1 MB limit, 10 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | One-minute probabilistic blocks with no double-spend proofs or instant locks; zero-confirmation acceptance is not protected by the network. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Dogecoin Core 1.14: -prune deletes old blocks and keeps the UTXO set. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-style SPV with block headers and Merkle proofs (inherited from Bitcoin). |
| Security (miner pay and 7 checks) | 6.5 | 6.5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 7.6 | about $1,140,264 a day |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | merge-mined: its blocks are found by another chain's miners |
| Largest pool (Pool or validator under 50%) | ✓ | 34.8% |
| Largest three (Under 75% together) | ✓ | 72.6% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | Dogecoin Core is maintained by volunteer developers; the Dogecoin Foundation supports the ecosystem but does not control the client. |
| Real use (1,000+ transactions a day) | ✓ | about 19,890 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 9.9 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level party can freeze coins or halt the chain. source |
| No central team (Source) | 10 | No central team: Dogecoin Core is maintained by volunteer developers; the Dogecoin Foundation supports the ecosystem but does not control the client. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 9 | 490 reachable nodes source |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Privacy | 4 | section average |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Anyone can generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✓ | |
| Network privacy (Origin hidden by default) | ✗ | Dogecoin Core relays transactions directly; Tor is optional configuration. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 4.4 | 4 of 9 points source |
| Token issuance (Through a metaprotocol) | 1 | Doginals/DRC-20: read by indexers, not validated by the chain's nodes |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin-derived Script limited to spending conditions. |
| Multisig and time locks (Without a third party) | ✓ | P2SH multisig plus OP_CHECKLOCKTIMEVERIFY (BIP 65, enforced from block 3,464,751); relative locks (CSV) remain unactivated. |
| Atomic swaps (With other chains) | ✓ | HTLCs with a hash branch and a CLTV refund branch, as in BIP 199. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✗ | No token type in consensus; Doginals are inscriptions read by indexers. |
| Supply & Demand | 6.4 | group average |
| Supply & Demand (Source) | 8.5 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 46 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 8.7 | $194,059,305 traded in 24 hours; #15 by volume on the exchanges the site reads (scored on the median day of the last 30, $219,730,966) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.4 | 1.6% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.9 | $29,464,753 within 2% of the price on 9 exchanges, 0.24% of its market cap, median of the last 2 days; a lower bound: the books returned by 1 of them stop short of 2% |
| Market cap ($1M 0, $10B or more 10) | 10 | $12B, at the top of the scale |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.2 | futures, options and margin positions 7.7% of its market cap |
| Supply (smaller is better) | 4.3 | no fixed maximum; 157 billion in circulation |
| Record | 6.8 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Negative record | ||
| Launched as a joke, its founders saying it has no purpose | ✗ | Created in December 2013 by Billy Markus and Jackson Palmer as a joke based on the Shiba Inu 'Doge' meme, parodying the wave of altcoins; both founders have described it as a joke (dogecoin.com project history). |
| Age (years since genesis) (Source) | 10 | 12 full years since genesis. Genesis block mined 6 December 2013. |
| Development (work, improvements, unfixed issues) | 1.5 | 2 positive, 3 negative source |
| Positive | ||
| Steady work, 3.5 of 6 | ✓ | 27 commits in 7 of the last 12 months (github.com/dogecoin/dogecoin); Dogecoin Core 1.14.9, released 2024-12-01; it is the only release in the last 24 months (1.14.8 was 2024-08-07). |
| Shipped a security fix in two years, +1 | ✓ | Dogecoin Core 1.14.9, 1 Dec 2024: fixed bugs inherited from upstream Bitcoin and Namecoin code, upgrade strongly recommended (no CVEs named). |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Dogecoin v1.14.9. |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Dogecoin v1.14.9. |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Dogecoin v1.14.9. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
156,511,242,860 DOGE are in circulation, against no fixed cap — issuance has no defined end.
| Nodes or validators | 490 |
|---|
Dogecoin mines nothing for itself: every block sampled carried another chain's work. The 2.63 PH/s recorded against it is borrowed from a parent chain, so it is shown but never ranked on.
Named a digital commodity in the joint SEC-CFTC interpretation (Mar 17, 2026).
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Dogecoin is #9 among cryptocurrencies and #12 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 3 places between Dogecoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on Dogecoin →