Dogecoin Community Figure Says DeFi TVL Does Not Measure Currency Quality

Dogecoin community figure Mishaboar argued Oct. 28 that assets held in decentralized finance (DeFi) applications do not determine whether Dogecoin (DOGE) is a good currency, focusing attention on how the network should be evaluated as its ecosystem grows. In a reply to DogeOS account @BuildrJ, he rejected treating Dogecoin as a version of Ethereum or Solana. “Dogecoin was never meant to be Ethereum or Solana,” Mishaboar wrote. He described simplicity as one of DOGE’s strongest features and said total value locked (TVL) cannot serve as a measure of a currency’s quality.

Source: TokenPost