DOGE Inflation Analysis · October 2026 · Supply growing · projected to keep growing

Dogecoin (DOGE) is inflationary by design and by a steady amount. In the 90 days to Oct 11 2026 miners earned 1.23B new DOGE (1,226,580,000 coins), nothing was burned or bought back, and the supply of 156.28B DOGE grew +0.78%. Our inflation monitor reads +0.79% for the same stretch, so the two agree. Dogecoin has no supply cap and no halving: the 10,000 DOGE block reward never shrinks, so new supply keeps coming at about 4.97B DOGE a year.

The verdict, in one paragraph

Over the last 90 days Dogecoin's net supply rose +0.78%, and the next 90 days project the same +0.78%, because the only moving part is the fixed mining reward. The monitor measured +0.79%, a gap of 0.01 percentage points, far inside our 0.5-point tolerance, so no warning chip is shown. Every DOGE ever made came from mining, every coin already counts as circulating, and nothing on the chain takes coins away. Dogecoin is a steady-printing proof-of-work coin with no burn and no buyer of last resort.

Sell pressure: where new DOGE comes from

Protocol inflation is the whole story. Each Dogecoin block pays the miner a flat 10,000 DOGE, a rule fixed since 2015, and the target is one block a minute. Blocks actually came a little slower, about one every 63 seconds, because the difficulty adjusts but the reward does not. Between Jul 13 and Oct 11 2026 the chain added 122,658 blocks, which created 1,226,580,000 DOGE, or about 13.6M DOGE a day. Each 30-day third of the window produced almost the same number of blocks, and no code change is scheduled, so we project the same 1.23B DOGE for the next 90 days.

Vesting unlocks are 0. Dogecoin launched in December 2013 with no premine, no token sale and no team or investor allocation, so there has never been a vesting calendar. Foundation and unscheduled unlocks are also 0: the one team-run wallet, the Core development fund, did not move this window, and in any case its coins already count as circulating. Long-term locks and bankruptcy releases are 0 too. No estate or trustee holds DOGE, and the big holders that changed hands this quarter, a listed treasury company and a closing DOGE fund, bought their coins in the open market.

Buy pressure: where new DOGE goes

The buy side of the Dogecoin ledger is empty. There is no programmatic buyback (0): Dogecoin has no protocol revenue, and the small transaction fees go straight to miners. There is no protocol fee burn (0) either. We checked both ways: the mined supply rose by exactly the block reward, and only about 17 DOGE was sent to unspendable addresses or data outputs in the window, too little to count.

There is no foundation buy (0), since no project treasury bought DOGE this quarter. There is no new long-term lock (0), because Dogecoin has no staking and no lock contract. Coins that sit in funds, on exchanges or behind bridges still count as circulating, so they take nothing out of the float. With nothing on the buy side, every new DOGE the miners earn adds to supply.

Foundation and overhang

Dogecoin has almost no team-controlled supply. The only wallet we track is the Core development fund, a three-of-five multisig run by Core developers and Dogecoin Foundation board members. It holds 5.0M DOGE, unchanged through the window, and it pays out 500,000 DOGE to credited contributors with each new Dogecoin Core release. The last release shipped in December 2024, so nothing has been paid since. We read this wallet on-chain at every rebuild.

House of Doge, the Foundation's corporate arm, which listed on Nasdaq in July 2026, said in its quarterly filing that it held no digital assets at the end of June 2026; we re-check it with each new filing. Because every Dogecoin already counts as circulating, a payout from either of these would move coins between holders and add no new supply. Still, if the development fund's balance falls between our checks, that outflow enters the Foundation row of the ledger at the next refresh.

How DOGE compares to other proof-of-work chains

Most large proof-of-work coins cut their block reward on a schedule and stop at a hard cap. Bitcoin halves its reward about every four years toward 21 million coins, and Litecoin, which shares its mining with Dogecoin through merged mining, halves toward 84 million. Their new supply shrinks as a share of the total with every halving. Dogecoin chose the opposite path in 2014: a flat reward with no end. That makes DOGE's new supply fixed in coins but slowly falling in percent, from about 3.18% a year today as the total keeps growing.

The closest match is a tail-emission design such as Monero's, which also pays a fixed reward forever after its main emission ended. The difference is scale: Dogecoin still adds roughly 0.78% every 90 days. Next to proof-of-stake chains like Ethereum, Dogecoin has no fee burn to offset issuance and no staking that pulls coins out of trading. For Dogecoin, the supply side is simple and predictable, and all of the pressure comes from buyers absorbing about 13.6M new DOGE every day.

What to watch in the next 90 days

Oct 14 2026 is the last trading day of the Bitwise Dogecoin fund, with cash paid out around Oct 22 2026. It holds only about 8M DOGE, and those coins are already in the float, so the supply count does not change.

A public proposal to cut the Dogecoin block reward to 1,000 DOGE is still open for discussion with no code behind it. If it ever moved toward a release, it would be the biggest change to Dogecoin supply in a decade.

The next Dogecoin Core release would trigger a 500,000 DOGE payout from the development fund to contributors. The block pace matters too: faster blocks mean more new DOGE, slower blocks mean less.

House of Doge's next quarterly filing, expected around mid-November 2026, will show whether the company has started holding DOGE again.

Summary

Dogecoin's supply grew +0.78% in the 90 days to Oct 11 2026 and is projected to grow the same +0.78% next, all from a flat 10,000 DOGE mining reward that produced 1.23B new DOGE. Nothing burns DOGE, nothing buys it back, and there is no cap, so the supply rises by about 5B coins every year. There are no unlocks and almost no team wallets, which removes surprise risk; the steady risk is simply that the market must keep absorbing the new coins. Our monitor agrees within 0.01 points.

MrNasdog Pressure Framework analysis of DOGE, Metric 1 — Inflation. Data + explanation only. Not financial advice. Checked Oct 11 2026.