Bitcoin enters its first institutional cycle, SALT's Shawn Owen says
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
DogeOS testnet launched but DOGE price stayed flat because testnet tokens carry no monetary value.
Dogecoin (DOGE) saw minimal price movement after the DogeOS testnet became publicly accessible on September 30. The platform allows developers to build smart contract applications that pay fees in DOGE.
The DogeOS network was built by the same team behind the MyDoge wallet. For DOGE holders, the launch introduces a use case beyond payments and tipping.
Since the launch, DOGE's price has shown little change and remains below its late-September high.
DogeOS operates as a zero-knowledge (ZK) rollup, a layer-2 system that batches transactions and verifies them with cryptography. Its documentation states that data is stored on Ethereum while Dogecoin provides finality.
The network also supports the Ethereum Virtual Machine (EVM), enabling Ethereum developers to port existing applications with minimal adjustments.
On Dogecoin's main chain, DOGE already covers transaction fees. On DogeOS, it also pays for executing smart contracts, according to the docs.
Early projects include Barkswap (a liquidity engine), Derps (a perpetual exchange), and Snag (a prediction market aggregator), the team says.
1/ DogeOS Testnet is Open to Builders!
β DogeOS (@DogeOS) September 30, 2026
Millions of Dogecoin holders are waiting for more things to do with DOGE.
What are you going to build for them?
Start here β pic.twitter.com/L2yPs2ASU5
However, testnet DOGE is obtained from a faucet and has no real monetary value, so the launch does not create any immediate demand for the coin.
Even on mainnet, rollup fees are typically low. The DOGE that is bridged and locked inside applications could have a greater effect for holders.
Ecosystem supporters nonetheless see a turning point. Timothy Stebbing, a director at the Dogecoin Foundation, expressed hope that DogeOS will become a gateway for the next 100 startups on Dogecoin.
βL1 ledger purity must stay intact while we introduce utility one layer above, and that is what DogeOS represents to me.β
Timothy Stebbing, Source
The official Dogecoin account on X called the launch a huge milestone and hinted at additional ecosystem news.
A huge milestone for Dogecoin. Builder shibes! The DogeOS test net is waiting for you!
β Dogecoin (@dogecoin) September 30, 2026
Other cryptos coming off of a down market cat nap * and dogecoin out making moves to be the only currency the world needs. And you can be part of it. Take a l@@k. https://t.co/sGWfaRdCqN
Meanwhile, Dogecoin ETFs attracted record weekly inflows in late September, even as Bitwise moved to close its Dogecoin ETF.
Shiba Inu offers a cautionary example. Despite years as its own layer-2 ecosystem, Shibarium usage has collapsed.
DogeOS has not disclosed a mainnet date in its documentation. Whether DOGE's new role moves the price will likely depend on real usage following the launch.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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