Miners process transactions and receive fees from users (supply-side fees).

Dogecoin is a distributed ledger for transfer and store of value (a blockchain). Dogecoin was founded by Billy Markus & Jackson Palmer and launched in 2013.

DOGE holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue).

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Blockchains (L1)

Dogecoin

# P/F ratio (circulating) Methodology

## Overview

P/F ratio (circulating) measures the circulating market cap relative to annualized fees. It shows how highly the project is valued relative to the activity users are willing to pay for, regardless of whether the project monetizes.

${market_cap_circulating} / (rolling_avg(${fees}, 30) * 365)

Circulating market cap relative to annualized fees.

DogecoinDOGE

P/F ratio (circulating)

P/F ratio (circulating)

Competitive landscape