Trading activity:
Reported 24-hour volume equals 0.12% of market capitalization. The local markets snapshot lists Aerodrome Slipstream 3, Aerodrome SlipStream and Uniswap V4 (Base) among venues with observed trading activity.
YearBull indicators:
YearBull Rank #6,186. Bull Score 53/100.
YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment.
Cycle Early. Observed price change: 24h 1.18% · 7d -3.87% · 30d -19.37%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 45 daily observations available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Coinbase Wrapped DOGE (CBDOGE)?
Source description
“Coinbase Wrapped DOGE ("cbDOGE") is a token that is backed 1:1 by native Dogecoin (DOGE) held by Coinbase, meaning that for all cbDOGE in circulation, there is an equivalent amount of DOGE held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbDOGE, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbDOGE and redeem a corresponding amount of the underlying DOGE simply by depositing the cbDOGE into their Coinbase accounts. cbDOGE is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbDOGE removes a key point of friction by allowing customers to use DOGE they already hold in new ways onchain. cbDOGE is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their DOGE as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbDOGE are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Coinbase Wrapped DOGE (CBDOGE) FAQ
How does cbDOGE represent native DOGE held by Coinbase?
The project states that cbDOGE is backed 1:1 by native DOGE held by Coinbase. In that model, each cbDOGE in circulation corresponds to an equivalent amount of DOGE kept in Coinbase custody, including cold-storage arrangements. This structure is intended to connect DOGE ownership with token-based activity onchain while preserving a link to the underlying asset.
How can Coinbase customers redeem cbDOGE for DOGE?
According to the project, Coinbase customers can unwrap cbDOGE by depositing the tokens into their Coinbase accounts. The stated process is designed to result in redemption of a corresponding amount of native DOGE. The project does not specify the applicable fees, processing times, eligibility requirements, or any operational limits for this redemption process.
What DeFi activities does cbDOGE support?
The project positions cbDOGE as compatible with DeFi applications, allowing users to use DOGE in forms that native DOGE may not directly support. Named examples include supplying cbDOGE as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, and spending it as a payment method. Availability depends on individual applications and their rules.
What role does wrapping play in cbDOGE’s design?
Wrapping converts an underlying asset into a transferable token intended for use across compatible onchain applications. In cbDOGE’s case, the project says the token remains redeemable for the corresponding DOGE held in custody while making DOGE easier to use within DeFi. This design aims to bring DOGE liquidity into a broader token-based financial ecosystem, subject to custody and application-specific conditions.
Coinbase Wrapped DOGE metric comparison
This comparison is a stored snapshot generated 2026-10-22 06:31 UTC from 72 daily observations available from 2025-12-30 through 2026-10-22. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$0.0804
$0.0994
$0.1042
-19.1%
n/a
Market cap
$11.09M
$12.33M
$3.79M
-10.1%
P86.1
YearBull Rank
#5,350
#6,904
#1,646
Improved 1,554
P37.2
Bull Score
51/100
50/100
46/100
+1.0 pts
P52.1
Turnover
0.23%
1.42%
25.24%
-1.2 pts
P39.4
YB Market Risk
Low
Low
Low
Unchanged
n/a
Cycle
Early
Mid
Early
Mid → Early
n/a
Median absolute daily movement 2.16%; distance from the highest local daily price -46.6%; circulating supply change +284.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank timeline
YearBull Rank now for coinbase-wrapped-doge: #6186.
Rank timeline (last 365 days)
Rank change (reference points).
Reading rule: lower numbers mean higher placement.
7d window (2026-10-21): #4985 → #6186 (down by 1201).
30d window (2026-09-28): #7241 → #6186 (up by 1055).
YearBull Rank is a relative placement score used on YearBull to compare a coin against peers within the same dataset. Lower rank numbers correspond to stronger relative placement.
Downside posture: a stable slope can beat a flashy month.
Liquidity context: peer movement can shift relative placement even without news.
Venue angle: improvement with higher churn can be a rotation phase.
Trend context: recent movement can fit a transition rather than a clean trend.
Practical note: treat the line as positioning context over time.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
EGL1 analysis - nearby market scale in the current dataset.
Rei analysis - nearby market scale in the current dataset.
Venue refresh pending. Markets last checked: 2026-07-26. The next refresh is queued in the hourly updater. Venue listings and volumes are stored snapshots, not live quotes.
