In a recent tweet, crypto ranking platform CoinGecko shares a fun fact about the first and largest dog cryptocurrency, Dogecoin ($DOGE).
CoinGecko noted that Dogecoin is worth more than 8x the whole $NFT market capitalization. Currently, they are among the top ten cryptocurrencies by market capitalization. $DOGE has a market capitalization of $16.51 billion. This significantly exceeds (more than 8x) that of the $NFT market, which currently stands at $1.97 billion, according to CoinGecko data.
Fun fact: $DOGE has more than 8x the whole $NFT market cap 🐶 pic.twitter.com/ktRjPXjei4
— CoinGecko (@coingecko) May 8, 2026
The $NFT the market capitalization has shrunk compared to that at the height of the boom. The $NFT The boom from about 2021 to 2022 saw non-fungible tokens enter mainstream culture, reaching $2.9 billion in sales in 2021 before declining. $NFT Trading volume is slightly above $1.6 million over the past 24 hours.
Dogecoin was originally created as a joke in late 2013 by Billy Markus and Jackson Palmer. Both believed that cryptocurrency was taken far too seriously and was not fun. Dogecoin was launched on December 6, 2013, inspired by the famous Doge meme.
Despite the $NFT market representing thousands of individual projects, collections and platforms, $DOGE‘s total market capitalization is well above the combined valuation of the $NFT market, which is remarkable.
This just goes to show how resilient Dogecoin is as it has weathered the storm of both bear and bull cycles over time and has been in the top ten cryptocurrencies by market capitalization for years.
Dogecoin promotes quantum future preparations
Dogecoin is advancing its quantum readiness with several experiments, some of which have already been revealed.
One of them is the ZK provider on the Dogecoin mainnet. This will be a post-quantum carrier with proofs of zero knowledge, with real transactions and without consensus changes.
The ZK carrier represents a phased path for introducing zero-knowledge (ZK) proof support to transactions.
Similarly, the DogeBox Post Quantum Secure Dogecoin Wallet PUP marketplace has gone live, allowing users to easily find and share Dogecoin apps built by the Doge Community for DogeBox. The Quantum Dogecoin Explorer also went live in late April, allowing users to learn and manually verify post-quantum secure transactions on the Dogecoin mainnet.