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Dogecoin Bigger Than Entire NFT Market by 800%
TL;DR
Dogecoin's market capitalization is $16.51 billion, over 8 times larger than the entire NFT market cap of $1.97 billion. This highlights Dogecoin's significant position among top cryptocurrencies.
Key points
- Dogecoin's market cap is $16.51 billion
- NFT market cap is $1.97 billion
- Dogecoin is over 8 times larger than the NFT market
- NFT market cap has declined from its peak
- NFT trading volume is slightly above $1.6 million
Mentioned in this story
CoinGecko
DogecoinNFT
In a recent tweet, crypto ranking platform CoinGecko shares a fun fact about the first and largest dog cryptocurrency, Dogecoin (DOGE).
CoinGecko noted that Dogecoin is over 8x the entire NFT market cap. Currently sitting among the top ten cryptocurrencies by market capitalization, DOGE has a market capitalization of $16.51 billion. This significantly surpasses (more than 8x) that of the NFT market, which is currently $1.97 billion according to CoinGecko data.
Fun Fact: $DOGE has over 8x the entire NFT market cap 🐶 pic.twitter.com/ktRjPXjei4
— CoinGecko (@coingecko) May 8, 2026
The NFT market cap has shrunk compared to that seen at the peak of its boom. The NFT boom from about 2021 to 2022 saw non-fungible tokens enter mainstream culture, reaching $2.9 billion in sales in 2021 before falling. NFT trading volume is slightly above $1.6 million in the last 24 hours.
Dogecoin was originally created as a joke in late 2013 by Billy Markus and Jackson Palmer. Both thought that cryptocurrency was being taken far too seriously and wasn't much fun. On December 6, 2013, Dogecoin was launched, taking its cue from the famous Doge meme.
Despite the NFT market representing thousands of individual projects, collections, and platforms, DOGE's total market cap sits well above the combined valuation of the NFT market, which is noteworthy.
This just goes to show how resilient Dogecoin is, as it has weathered the storm of both bear and bull cycles over time and has been in the top ten cryptocurrencies by market cap for years now.
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Q&A
What is Dogecoin's current market capitalization?
Dogecoin's current market capitalization is $16.51 billion.
How does Dogecoin's market cap compare to the NFT market?
Dogecoin's market cap is over 8 times larger than the NFT market cap, which is currently $1.97 billion.
What caused the NFT market cap to decline?
The NFT market cap has shrunk from its peak due to a significant drop in trading volume and interest since the boom period of 2021 to 2022.
