Jordan Jefferson, founder and CEO of DogeOS, says Dogecoin (CRYPTO: DOGE) is evolving far beyond internet memes as developers push to build a full on-chain economy around the token.
DOGE’s Biggest Weakness
Speaking at the Consensus conference, Jefferson argued Dogecoin now represents many of the original peer-to-peer cash ideals that early Bitcoin supporters once rallied around.
An early Bitcoin adopter who entered crypto in 2011, he said DOGE’s biggest weakness today is that most activity still happens on centralized exchanges instead of on chain.
According to him, that prevents holders, builders and developers from capturing the economic value generated around DOGE trading and usage.
“Almost all Dogecoin sits on centralized exchanges,” Jefferson said. “There is no DeFi. There aren’t decentralized venues with any …