Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Wormhole Links $35B Dogecoin to Solana, Unlocking Native Access

bullish:

0

bearish:

0

Share

Highlights:

  • Dogecoin has been integrated into Solana via Wormhole with the help of NTT and zero-knowledge proofs.
  • DOGE gains native Solana functionality without wrapped tokens.
  • The bridge brings access to Solana’s decentralized finance, games, and apps.

Dogecoin has been integrated into Solana through Wormhole, adding a $35 billion asset to one of the fastest ecosystems. According to the blog post, this move adds DOGE as a native cryptocurrency on Solana, so users do not need the wrapped version anymore. 

Wormhole’s Native Token Transfers (NTT) and zero-knowledge proofs (ZKPs) are part of the process, making the transfer of DOGE from one blockchain to another run smoothly and safely. Now, Solana users are able to connect with DOGE using the Solana platform.

DOGE’s proof-of-work consensus in Solana is verified with the ZKP system created by Psy and RISC Zero. QDOGE is minted on Solana on the bridge and burned when users withdraw it to the Dogecoin chain. With this approach, cross-chain transactions are kept both safe and trustworthy. Unlike other approaches, the bridge functions independently without requiring third-party assistance. The process guarantees that every DOGE transfer is done decentralized and verifiable.

Wormhole Infrastructure Powers Secure Multichain Liquidity

Wormhole’s NTT ensures that tokens retain their ownership and identity across connected chains. Because of this flexibility, users can trade real-world assets, stablecoins and top cryptocurrencies like Dogecoin. Upgrading contracts is possible without impacting the way tokens can be used. With nearly $11.5 billion of capital moved to Solana, Wormhole stands as a top leader in interoperability. Across all the networks, Wormhole holds the largest impact when it comes to liquidity.

With the integration, Dogecoin becomes more practical for users of Solana’s DeFi applications. Users can now use their DOGE to make payments, access marketplaces and take part in lending protocols. With this change, DOGE goes from being a meme coin to a usable asset across various chains. In addition, it links Dogecoin holders with improved features and quicker blockchain growth. With this update, users will find it easier and quicker to participate in transactions.

Along with liquidity, Wormhole is strongly valued for its incredible speed and ability to verify transactions. DOGE block headers can all be validated by ZKPs without making the network less secure. This trustless design ensures transfers remain transparent and irreversible. Consequently, Dogecoin can now run natively on applications linked to the Solana blockchain. With Wormhole, transaction risks related to wrapped or synthetic assets are gone.

DOGE Gains Real Utility in Solana’s Expanding Network

Now that Dogecoin is active on Solana, users can find a greater variety of decentralized services and applications. This consists of games, NFT markets and additional interactive platforms. Additionally, DOGE is now accepted as a valid way to make transactions on the blockchain beyond its initial use. By adding this functionality, Dogecoin is set to evolve from a speculative asset supported by hype to a functional crypto asset. Furthermore, Solana will deliver speed and low fees, attracting more users.

Moreover, the QDOGE system by Wormhole is designed to keep Dogecoin and its Solana version at the same value. QDOGE is minted by the bridge with full transparency whenever Dogecoin is transferred. Following the return, QDOGE is destroyed, and native DOGE is emitted on its home chain. With this system, no duplicates are created and supply control is always consistent.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.