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How many projects are there on the DogeOS testnet since its launch? Timothy Stebbing of the Dogecoin Foundation described it as “an avalanche.” I thought he was exaggerating at the time, but I took a look over the weekend and found that he wasn’t bluffing.
Lending protocol Superposition Finance is building, perpetuals exchange Derps is building, stablecoin USDoge is building, prediction market aggregator Snag is building, and casual game publisher PlaysOut is building. Barkswap is also building a liquidity engine, Split Markets is building liquidation-free options, Anoncoin and Starbase are building launchpads, and Doge Escape and DogeFundMe are building games and consumer applications.
It took me forever to scroll to the bottom, and I had to go over the list several times to confirm that all of these were actually running.
In the past, Dogecoin could do only one thing—transfers. You sent some to me, I sent some to you, and that was it. Now people are building lending, options, prediction markets, and games on it, with all fees paid in DOGE. It’s like a vacant lot that could previously only be used for parking, where people have now started building shopping malls, restaurants, and movie theaters.
The price is still hovering around 0.09, and nobody is talking about it. But things are already being built on the foundation. $DOGE The building isn’t up yet, but I’m already waiting at the entrance. $DOGE