Dogechain, a popular layer-2 solution for Dogecoin, has announced that it will close its wallet services on June 1st.
Move Your DOGE
Dogecoin developer Mishaboar urges users to withdraw their DOGE from Dogechain wallets before the shutdown. He also advises keeping a copy of wallet private keys for potential future fund recovery.
Dogechain’s Role
Dogechain, built on Polygon technology, connected the Dogecoin ecosystem to Web3. It enabled faster and cheaper transactions, facilitating NFTs, blockchain games, and DeFi services for DOGE holders.
Current Market Status
Dogecoin is currently trading at $0.132, up 10.86% in the past 24 hours. Despite a peak of $0.219 on March 28th, DOGE has faced a recent decline.
