Research shows that Dogecoin (DOGE) was the only memecoin in 2022 to proactively decrease its carbon footprint– an essential metric for mainstream adoption– by 25% in one year, thanks to the intervention of developers and Tesla CEO Elon Musk.

Among the main reasons why Musk backtracked on accepting Bitcoin (BTC) payments for Tesla was high carbon emissions. At the time, he believed that Dogecoin– “although it was developed as a ridiculous joke”– was much better suited for deals.

Owing to proactive efforts from Musk and the members of the Dogecoin environment, Dogecoin saw a 25% reduction in its yearly CO2 emissions. With 1,423 tons of emissions launched in 2021, Dogecoin produced 1,063 heaps in 2022, according to research study from Forex Suggest.

Dogecoin carbon emissions down by 25% following Elon Musk collaboration
Annual CO2 emissions for leading cryptocurrencies. Source: Forex Suggest

While Ethereum experienced the biggest decrease in CO2 emissions in 2022 after transitioning to a proof-of-stake agreement system, its annual emission eclipsed Dogecoin by 8.3 times.Reduced carbon

footprint and large community assistance positions Dogecoin as a feasible financial instrument in 2023.

Related: The real-life dog behind memecoin DOGE is seriously ill

When it pertains to year-long cost performance amid the 2022 bearishness, DOGE held up much better than the majority of the leading properties on the crypto market.The memecoin became the third-best performer in the leading 10 list after XRP (XRP)and BNB (BNB). DOGE also surpassed its most significant competitor, Shiba Inu(SHIB), with the SHIB community focusing on developing a layer-2 network and establishing metaverse and blockchain video games.