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Interest in Dogecoin Grows: What Lies Behind the Spike?

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by Giorgi Kostiuk

11 hours ago


The recent surge in Dogecoin wallet activity has attracted attention in the crypto world, while the new DeFi protocol Mutuum Finance offers alternative opportunities.

Surge in Dogecoin Wallets

According to Santiment's data, Dogecoin (DOGE) has shown a significant increase in activity, with over 29,000 new wallets created since early July 2025. This reflects heightened community interest. On-chain metrics indicate a 400% increase in whale transactions, with 800 million DOGE accumulated in 48 hours. While DOGE's price sits around ~$0.22, down 7.89% weekly, it has risen 39% monthly, indicating sustained interest from investors.

Advantages of Mutuum Finance

Mutuum Finance (MUTM) presents an innovative approach in the DeFi space by building a lending protocol around real asset utility. Unlike meme coins, MUTM allows users to lend stable assets such as USDT, ADA, SOL, and LINK to decentralized pools and earn variable interest. The protocol ensures transparency and safety through smart contracts.

Safety and Prospects for Mutuum Finance

The Mutuum Finance protocol has undergone testing of its smart contracts and is actively working on enhancing security through a bug bounty program. Its upcoming beta version will not only enhance security but also allow a broader audience to take advantage of decentralized lending. The growth prospects for the token also appear promising.

In conclusion, amid the surge in interest surrounding Dogecoin, Mutuum Finance offers a new solution in DeFi with a focus on real utility and safety, which may attract many investors.

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