Activity has dropped from more than $1 billion at the start of the year, despite a brief surge to $4.3 billion in late April.
Dogecoin trading activity has weakened sharply in 2026, with daily volume now running at about $360 million to $380 million. That marks a steep decline from more than $1 billion at the start of the year, although trading briefly accelerated to $4.3 billion in late April. Trading volume is a closely watched gauge of market participation and liquidity, and the drop suggests reduced speculative activity compared with earlier in the year.