Coinbase Wrapped DOGE ("cbDOGE") is a token that is backed 1:1 by native Dogecoin (DOGE) held by Coinbase, meaning that for all cbDOGE in circulation, there is an equivalent amount of DOGE held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbDOGE, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbDOGE and redeem a corresponding amount of the underlying DOGE simply by depositing the cbDOGE into their Coinbase accounts. cbDOGE is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility.
cbDOGE removes a key point of friction by allowing customers to use DOGE they already hold in new ways onchain. cbDOGE is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their DOGE as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbDOGE are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.
Where is Coinbase Wrapped DOGE available for purchase?
You can exchange CBDOGE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Coinbase Wrapped DOGE is Aerodrome SlipStream, notably the CBDOGE/CBBTC pair, which saw a trading volume of $ 408,858 in the past day. Additionally, Hydrex Integral and PancakeSwap V3 (Base) are popular alternatives for trading tokens.
What is the highest value Coinbase Wrapped DOGE (CBDOGE) has ever reached?
Coinbase Wrapped DOGE (CBDOGE) reached its peak price at 0.2872 $ on 21 July 2025, approximately a month ago ago. Presently, the current price is -21.78% lower than this all-time high.
What is the historical minimum price for Coinbase Wrapped DOGE (CBDOGE)?
The minimum price reached for Coinbase Wrapped DOGE (CBDOGE) was 0.0986 $, documented on 13 July 2025, more than a month ago. In comparison, the current price is 127.83%, it above this historical low.
What is the fully diluted valuation of Coinbase Wrapped DOGE (CBDOGE)?
The fully diluted valuation (FDV) of Coinbase Wrapped DOGE (CBDOGE) stands at $ 3,84 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CBDOGE tokens. The realization of this FDV might take several years depending on the emission schedule of CBDOGE tokens.