Dogecoin is integrated into Solana ecosystem

As reported by CoinMarketCap, Dogecoin has been integrated into the Solana blockchain through Psy and Wormhole, allowing meme-coin users to securely interact with applications on the Solana platform. By utilizing Dogecoin's blockchain verification technology directly on the Solana blockchain, this system enables secure communication between the two networks without the need for intermediaries.

The integration provides Dogecoin holders access to decentralized finance (DeFi), gaming projects, and NFTs on the Solana platform. To facilitate this, a special token called QDOGE was created, which retains all the properties of the original cryptocurrency. This solution expands the usability of the largest meme-coin, which has a market capitalization of over $36 billion.

According to Lily Liu, head of the Solana Foundation, the integration of Dogecoin is expected to attract a large community of meme-coin users to participate in decentralized finance on the Solana platform. The increase in investor interest is reflected in an 11% rise in open interest in Dogecoin contracts, reaching $2.97 billion following the announcement of the integration.