Dogecoin Quality Not Measured by TVL, Experts Say
Dogecoin owners should look beyond asset values to judge the true utility of the digital currency.
Updated on Oct. 28, 2026 in Dogs
Live Poll
Do you trust total value locked as a reliable measure of a cryptocurrency's quality?
Dogecoin community figure Mishaboar recently emphasized that total value locked (TVL) is not a true measure of currency quality. He argues that simplicity remains the currency's core strength, even as development continues through community contributions.
Why it matters
For those holding or considering digital currencies, understanding that TVL measures asset value in DeFi contracts rather than underlying utility is key. This distinction helps separate a project's financial speculation from the long-term functionality of the currency itself.
Since 2014, more than 40 individual developers have contributed to the Dogecoin Core codebase. While TVL is often used to track the dollar value of assets in DeFi contracts, it remains an incomplete metric for gauging the actual quality of a digital currency.
The players
Mishaboar
A prominent commentator and figure within the Dogecoin community focused on network development standards.
Billy Markus
A co-creator of Dogecoin who stepped away from active development in 2014.
Jackson Palmer
A co-creator of Dogecoin who ceased development contributions in 2014.
The details
Mishaboar advocates for keeping commercial projects separate from the core currency to maintain its focus. Meanwhile, development efforts have shifted toward code security, research, and the improvement of lightweight wallets. Additionally, the DogeOS-operated Chikyū testnet now allows developers to leverage Ethereum development tools while paying transaction fees in DOGE.
Timeline
2014: Original co-creators Billy Markus and Jackson Palmer stopped working on Dogecoin development.
October 28, 2026: Mishaboar clarified that TVL does not accurately reflect currency quality.
The Home Front
The Dogecoin network is currently evolving its technical infrastructure, exemplified by the integration of the Chikyū testnet. This marks a departure from its early, simple origins as it attempts to adopt broader blockchain development capabilities.
If you hold digital assets, prioritize understanding the technical roadmap of the projects you support rather than focusing solely on market-driven metrics like TVL. Keep in mind that community-driven projects evolve differently than corporate-backed assets, requiring more due diligence.
The takeaway
Focusing on technical utility and wallet security provides a clearer picture of long-term stability than volatile asset values. Reviewing the ongoing efforts of the decentralized contributor community can help you evaluate the health of your digital holdings.
Further reading
Learn more about the latest technical updates in the Dogs section.
Source note: This article includes information reported by TokenPost.
Live Poll
Do you trust total value locked as a reliable measure of a cryptocurrency's quality?
