$35 Billion Dogecoin Moves to Solana

The entire circulating supply of Dogecoin has moved to the Solana network. Approximately $35 billion has been transferred through the cross-chain infrastructure company Wormhole's "Native Token Transfer (NTT)" technology, marking the largest cross-chain movement in cryptocurrency history based on a single asset. The integration of Dogecoin and Solana has been operational since May 23, 2025, with the liquidity gateway "Sunrise" created by Wormhole Labs acting as an intermediary. Wormhole is a protocol that has facilitated over $11.5 billion in asset inflows to Solana, and this Dogecoin integration is considered the largest practical demonstration of the NTT technology. NTT transfers the representation of the original token while maintaining the issuer's supply policy and metadata control. Sunrise, launched on November 23, 2025, is a liquidity gateway that assigns a unified mint address to all assets, addressing liquidity distribution issues. Dogecoin can now access lending protocols, automated market makers, and on-chain options through its connection to the DeFi ecosystem. However, the concentration of large asset flows in a single gateway has been pointed out as a risk factor.

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