Dogechain launches PawPort, the world’s first Doginals to EVM bridge And Puts An End to Negative Speculations

TLDR: Dogechain, the smart contract layer for Dogecoin, spearheads the industry by releasing PawPort, the first DRC20 to EVM bridge. With this, Dogechain solidifies its position as the #1 scaling and smart contract layer for Dogecoin, bringing Web 3 utility to this novel asset type. 

The DRC20 Protocol and the Doginals Narrative 

In 2023, the release of Dogecoin Ordinals (Doginals) brought a new dimension to the Dogecoin ecosystem. Similar to Bitcoin Ordinals, Doginals provided DOGE holders with the ability to inscribe the smallest units of DOGE (Shibes) with rich data. 

This novel DRC20 standard on Dogecoin supports the creation of new asset forms, both fungible and non-fungible, similar to tokens and NFTs on EVM networks. 

Following the DRC20 implementation, the Dogecoin community saw the emergence of a wide variety of new Doginals Tokens and NFTs, spreading on different platforms and marketplaces. The hype pushed up DOGE transaction volume considerably and put it back under the

memecoin spotlight. In order to continually grow and improve upon the technical side of this implementation, in early 2024, the Dogechain team announced they were working on a scaling solution for Doginals. 

Dogechain as a Layer2 for Dogecoin 

For the uninitiated, Dogechain is a smart contract layer for Dogecoin, and has been acting as a layer2 solution for the original memecoin since 2022. This project has consistently improved on their solutions, bringing more utility to DOGE over the past couple of years. It currently stands as the #1 wrapped DOGE provider, with more than 40 million Dogecoin bridged over on Layer 2. 

Doginals Enter the Dogechain EVM Ecosystem 

On May 22nd, the Dogechain team released the PawPort bridge, which allows Doginals holders to bridge their DRC20 assets on the Dogechain blockchain. This near-instant on-and-off ramp improves the Doginals market, mainly: 

● Providing a scaling solution and acting as an off-chain release valve for DRC20 transactions. 

● Allowing users to trade DRC20 tokens on decentralized exchanges like Quickswap, which are already deployed on Dogechain.

● Imbuing DRC20 assets with Web3 capability, allowing users to plug them into DeFi, NFTs, and blockchain games. 

Bridging DRC20 to Dogechain allows users to access more liquid and flexible markets while also allowing for trading these assets on the large list of decentralized exchanges. Moreover, DRC20 holders can now access the many benefits of DeFi by opening liquidity pools and generating yields from transaction fees. 

Conclusively, PawPort, as a world-first DRC20 to EVM bridge, strengthens Dogechain as the scalability provider for Dogecoin. It simultaneously provides utility for Doginals, pushing them to the forefront of Web3 and allowing them to compete with smart-contract-capable memecoins. Will the utility provided by Dogechain create another frenzy for Doge within the Crypto markets and Mainstream media? Time will tell.