Arkham Intelligence has announced the integration of Dogecoin into its analytics platform, offering its advanced on-chain capabilities to the meme-based crypto.
Why This Integration Matters for Dogecoin
This is a significant milestone for the Dogecoin network. Despite 11 years of existence, there has been little available analysis on the Dogecoin blockchain due to the lack of suitable tools. With Arkham, users will soon be able to visualize and track activity on the Dogecoin blockchain, follow transactions, filter data, and establish real-time alerts.
This upgrade adds 16 supported networks to Arkham, allowing users to investigate specific wallet activity, track addresses tied to exchanges, funds, and known individuals.
Cultural Legacy and Adoption by Dogecoin
Dogecoin’s cultural relevance extends beyond the cryptocurrency industry. According to Arkham, Dogecoin was inspired by the Japanese Shiba Inu dog named Kabosu, who passed away this year. The platform also points out how the crypto attracted high-profile figures such as Elon Musk, who briefly replaced X’s (formerly Twitter) logo with the Doge icon after acquiring the platform.
Additionally, Tesla began accepting Dogecoin as payment for merchandise, further enhancing its visibility in mainstream markets.
Interestingly, the acronym “DOGE” now coincides with the U.S. Government’s Department of Government Efficiency, a satirical nod to its growing cultural prominence.
Critical Vulnerability Causes Node Collapse
While Arkham expands Dogecoin’s analytical reach, the network recently faced a security vulnerability exploit. Bitcoin sidechain developer Andreas Kohl claimed responsibility for a hack that allegedly disabled 69% of Dogecoin nodes by exploiting a vulnerability known as “DogeReaper.”
This flaw is based on a segmentation fault in the network’s code, which causes abrupt program termination when unauthorized memory is accessed. However, despite the dramatic claims, the Dogecoin network remained operational, raising doubts about the accuracy of the report.
Community Response
Prominent Dogecoin community member “Mishaboar” quickly came forward to challenge the developer’s claim. He clarified that the DogeReaper vulnerability had already been identified two weeks prior, in a node update adopted by key participants such as miners and exchanges.
Mishaboar further questioned the legitimacy of the data used to back the hack. He noted that Blockchair reported a node drop from 647 to 205, but this was not an all-inclusive count.
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