Dogecoin Sees 990% Spike in Usage—Is cbDOGE Fueling the Next Bull Run?

By: bitcoin ethereum news|2025/05/16 17:00:17

Dogecoin’s weekly address surge and futures spike hint at rising trader interest and market setup. cbDOGE buzz from Coinbase adds fuel, suggesting cross-chain plans could change how DOGE is used. The Dogecoin network has registered an unprecedented 990% surge in active addresses over one week, from 61,892 as of May 7 to 674,527 through May 14, based on Glassnode data. This rapid escalation among users shows a renewed interest in the meme cryptocurrency as there is increased speculation about a likely new bullish trend. At the same time, overall open interest for Dogecoin futures contracts rose sharply, gaining more than 66% over the same period. From $989 million on May 7, open interest rose to $1.65 billion through May 14. This is an indicator of increased traders’ trust and preparation for further price surges. Whereas Bitcoin remains relatively stable, Ethereum’s better performance has prompted certain analysts to speculate that it may be altcoin’s next turn to control trade volumes anew. Dogecoin seems to be well ahead in positioning itself as a challenger for renewed interest during any such transition. cbDOGE Anticipation Aligns with Derivatives Boom Coinbase has been at the forefront when it comes to the renewed interest in Dogecoin. On May 14, Coinbase Assets announced that cbDOGE, a wrapped Dogecoin, was going to be launched on the Base network, Coinbase’s Layer-2 Ethereum solution. The announcement, not live yet, already fueled expectations within both trading and DeFi communities. “cbADA, cbDOGE, cbLTC, cbXRP coming soon. These assets are not yet live or available. We will announce their launch at a later date,” said Coinbase. With Base taking broader usage, the fact that Dogecoin is now part of this wrapped asset array implies institutional endorsement for the token at a new level. Such wrapped assets like cbDOGE enable cryptocurrency to move between blockchains and into decentralized financial systems. Coinbase’s initial launch of cbBTC, its wrapped Bitcoin, took 57 days to achieve a $1 billion market capitalization—a path that is projected by some to follow cbDOGE. Sentiment Grows That DOGE Could Start New Price Cycle A well-known crypto industry analyst known as “Galaxy” has opined on the trend, stating that Dogecoin might now be heading into its “third bull cycle.” “May I present you DOGE. Yet another case of ‘nobody talks about it until everybody talks about it,” said the analyst. In the past, Dogecoin has enjoyed high-profile backing—especially from Elon Musk. Recent trends, however, suggest that the influence of Musk over meme coins is decreasing, meaning that DOGE now relies further on real usage growth and infrastructure development. Dogecoin’s most recent momentum—seen through its on-chain activity, derivatives interest, and wrapped asset incorporation—might be the beginning of a larger trend toward a shift in the way the token is valued and utilized. With cbDOGE set to launch as planned, it may add a liquidity injection and fuel more decentralized applications dealing with DOGE. Source: https://www.crypto-news-flash.com/dogecoin-sees-990-spike-in-usage-cbdoge/?utm_source=rss&utm_medium=rss&utm_campaign=dogecoin-sees-990-spike-in-usage-cbdoge

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins