The power of the Dogecoin meme is strong despite transaction levels of Dogecoin (DOGE) hit the lowest they've been since 2022.

Multiple firms have made DOGE adoption plays this week, including Robinhood, which confirmed that it was going to roll out a new crypto wallet feature in its app next month supporting DOGE deposits and withdrawals. The meme coin'southward co-creator, Baton Markus (who no longer works on the project), stated via Twitter earlier today:

"Okay we are allowed to overreact now Robinhood wallets is huge news for Dogecoin - it opens up and so many users to the existent utility of cryptocurrency!"

Buy $384 meg in existent estate with DOGE

On Wednesday, commercial real estate tokenization platform RedSwan announced that it would accept Dogecoin for two digital real manor deals on its marketplace. The business firm is offering fractionalized ownership in 2 high-rise apartment buildings worth a combined $384 million.

"[Dogecoin] is on the cusp of transitioning from a 'meme coin' to legitimate institutional and transactional utilise cases," said RedSwan CEO Edward Nwokedi.

Dogecoin Flat building. Source: RedSwan

The two digital real estate deals, dubbed APLO and LHOK, are taking minimum investments of $1,000 — roughly 4,447 DOGE at the fourth dimension of writing — and are offering annualized targeted investor internal rate of returns of 26% and nineteen%, respectively.

On the same mean solar day, AMC Entertainment CEO Adam Aron conducted a poll of 140,000 people via Twitter, asking the community whether DOGE should be added to the firm's plans to support crypto payments for tickets by the finish of 2022. Out of the four options provided, "Yes, for sure do it" received 68.1% of the votes.

Following the overwhelming back up for DOGE in the poll, Aron then stated that "Information technology'south clear that you think AMC should take Dogecoin. Now we need to figure out how to practice that. Stay tuned!"

Erstwhile DOGE "CEO" Elon Musk chimed in to call for the DOGE fee construction to be lowered to back up widespread adoption.

Related: DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature

Depression transaction levels

Despite the hype boot into overdrive this week, DOGE transaction levels take dropped to lows that have not been seen since December 2022.

According to data from BitInfoCharts, the number of daily DOGE transactions has plunged to sixteen,000 for the beginning time in four years. The figure provides a stark contrast to the DOGE mania that swept the crypto marketplace in Apr of this year resulting in acme 24-hour transaction levels of 140,000.

The lack of on-chain activity is reflected in DOGE's price and marketplace capitalization, with the price declining 69% since its all-time high of $0.73 in mid-May to sit down at $0.22 at the time of writing.