Dogecoin
Dogecoin Daily Minting Adds Over 13.5 Million Coins Amid Market Downturn
Dogecoin's fixed block reward mechanism added 13.55 million new tokens to circulation in 24 hours as its price traded down.
Dogecoin traded at approximately $0.087 on Thursday, October 8, 2026, marking a 1.3% daily decline and an 8.1% drop over seven days. Over the preceding 24 hours, the network generated 13.55 million new DOGE, valued at roughly $1.18 million, according to data from block explorer Blockchair at block height 6,548,803.
Dogecoin operates on a proof-of-work mechanism that issues a fixed reward of 10,000 DOGE per block. With a target block time of one minute, theoretical daily issuance stands at 14.4 million coins. In the recorded 24-hour window, miners found 1,355 blocks with an average block time of 1.06 minutes.
During the same period, the network processed 17,896 transactions, which equates to roughly 757 newly minted DOGE for each transaction completed. Dogecoin's market capitalization stood at $13.62 billion, with the price down 88.1% from its record peak of $0.7316 reached in May 2021.
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