Originally published at mrnasdog.com/research/doge/inflation by MrNasdog.
Dogecoin mints exactly 10,000 DOGE per block, about one block a minute, adding roughly 1.3B DOGE over 90 days. There is no buyback, no burn and no treasury offset, so every new coin is net new supply. The Pressure Framework reads about +0.8% net, in line with our supply monitor at +0.78%.
The verdict, in one paragraph
For the 90-day window ending June 24 2026, the MrNasdog Pressure Framework reads DOGE at +0.8% net on the forward view, driven entirely by the fixed block reward — there is nothing on the buy side to offset it. Our supply monitor reads the realized last-90-day change at +0.78%, essentially matching the framework's +0.84% gross-emission read for the same window — a gap of just 0.06 percentage points, well inside tolerance, so no monitor-gap flag ships. DOGE is structurally inflationary at a low, steady pace: roughly 5B new coins a year, on a percentage base that grows each year, so the inflation rate slowly drifts down even though the coin count per day never changes.
Sell pressure: where new DOGE comes from
Sell #1 — protocol inflation — is the whole story, at about 1.3B DOGE over the next 90 days. Dogecoin pays a fixed reward of 10,000 DOGE to the miner of every block, and the network targets about one block per minute. That works out to roughly 14.4M DOGE a day, near 5B a year, and about 1.3B across this 90-day window. Crucially, this reward never halves: unlike a capped, halving-model coin, Dogecoin fixed the reward at a flat 10,000 per block at block 600,000 and has issued at that pace ever since. Because the reward is constant, the last 90 days and the next 90 days mint the same amount.
Sell #2 — vesting unlocks — is zero: Dogecoin launched in December 2013 as a fair launch, with no presale, no team allocation and no investor round, so there is no vesting schedule and no cliff can hit the market. Sell #3 — Foundation and unscheduled unlocks — is also zero: the Dogecoin Foundation holds no large mintable allocation, and all supply enters the same way, through mining, with no discretionary release dated in the window. Sell #4 — long-term locked or bankruptcy — is zero, because no bankruptcy estate or court distribution applies to DOGE.
Buy pressure: where DOGE goes
Every buy-side row is zero, and that is the defining feature of Dogecoin's supply. Buy #1 — programmatic buyback — is zero: there is no protocol revenue and no mechanism that spends money buying DOGE off the open market. Buy #2 — protocol fee burn — is zero: transaction fees are paid to miners as part of their reward, not destroyed, so the network burns nothing. Buy #3 — Foundation buy — and Buy #4 — new long-term lock — are both zero, with no discretionary open-market buying and no new escrow announced in the window. With nothing on the buy side, the gross mint and the net supply change are the same number.
Foundation and overhang
Dogecoin has no unlock overhang in the usual sense — there is no treasury stockpile, no team cliff and no investor schedule waiting to dump, because none of those allocations ever existed. The only ongoing source of new supply is the block reward itself, which flows to miners who are free to sell or hold. The Dogecoin Foundation, re-formed in 2021, funds development through donations rather than a token allocation, so it cannot mint supply. The framework therefore books no discretionary release beyond protocol inflation, and re-checks the chain emission and any governance change on a roughly bi-weekly walk; if a treasury balance or a reward change ever appeared, it would enter the ledger at the next refresh.
How DOGE compares to other proof-of-work coins
DOGE belongs to the class of uncapped proof-of-work coins with a flat, non-halving emission — which makes it unusual. A halving-model coin cuts its block reward on a schedule, so its inflation rate falls in steps and its supply approaches a hard ceiling. Dogecoin has no ceiling and no halving: it adds the same 10,000 coins per block forever. The one thing that does fall over time is the inflation rate, because the fixed 5B-a-year mint is divided into a circulating base that keeps growing — so a constant coin count becomes a shrinking percentage each year.
The contrast worth drawing is with coins that pair issuance with a burn or a buyback to offset dilution. Dogecoin does neither, so its net supply change equals its gross mint with no brake at all. That makes it one of the cleaner inflation reads in the framework: there is exactly one source of new supply, it is fully predictable, and nothing pulls in the other direction.
What to watch in the next 90 days
Watch the block reward itself — a 2026 proposal to cut the reward from 10,000 to 1,000 DOGE per block has been discussed, but it remains an unmerged proposal and would need miner ratification to take effect; until that happens, the 10,000-per-block pace holds. Watch block times, since the network targets one block a minute and small variances are what separate the framework's gross mint from the monitor's realized count. And watch for any new Foundation or treasury mechanism — there is none today, but a new buyback or lock would be the only thing capable of changing this coin's otherwise flat, one-directional supply math.
Summary
DOGE is an uncapped proof-of-work coin whose supply grows by a fixed, non-halving block reward. The chain mints about 1.3B DOGE over 90 days — roughly 14.4M a day at 10,000 per block — while the buy side is completely empty: no buyback, no burn, no treasury buying. That leaves the framework at about +0.8% net, matching our supply monitor at +0.78%. DOGE stays mildly inflationary, with the coin count per day fixed and the inflation rate slowly drifting down only because the circulating base keeps growing underneath it.
MrNasdog Pressure Framework analysis of Dogecoin (DOGE), Metric 1 — Inflation. Data + explanation only. Not financial advice. Updated June 24, 2026.
