Shiba Inu Coin

Shiba Inu – Ethereum’s 5th Most Popular Smart Contract.

Investors appear to be more interested in memes than they have ever been. Even doubters have been drawn beneath SHIB’s hood by its powerful price movement, and the newest data indicates excellent outcomes.

The popularity of the dog-themed cryptocurrency Shiba Inu has increased to the point that it is now the Ethereum network’s fifth most popular smart contract.

Shiba Inu has even exceeded Uniswap v3 SwapRouter, USDC, and WETH tokens, according to the most recent statistics provided by Dune Analytics. In fact, it was a few spots below OpenSea, Uniswap V2 Router, and other well-known NFT marketplaces.

SHIB has also risen to become the Ethereum network’s seventh-largest gas consumer. The achievement was achieved as a consequence of increased network activity and gas consumption around the token, as measured by TokenView’s Ethereum Explorer.

On Tuesday, Ethereum (ETH) hit a new high after new statistics revealed that it burnt more tokens than it issued. This pattern has persisted for the previous week. In other words, the network recently experienced its first net-negative inflationary week since the London hard fork.

SHIB has outperformed numerous large-cap cryptocurrencies, including Dogecoin, because of its incredible surge (DOGE).

Leave a Comment

Your email address will not be published. Required fields are marked *