As a result of the coordinated efforts of chain developers and billionaire Elon Musk, the annual carbon emissions of Dogecoin decreased by around a quarter in 2022, making the meme token one of the quickest crypto assets at reducing carbon discharge.
According to a recent research by foreign currency data aggregator Forex Suggest, Dogecoin is currently the third-fastest digital asset in terms of reducing its carbon footprint, having slashed its emissions by 25% in 2022. In 2022, the blockchain emitted 1,063 tons of CO2, compared to 1,421 tons in the previous year.