The growing popularity of the Shiba Inu (SHIB) has made it the 5th most sought contract and 7th largest consumer of gas on the Ethereum network. It seems that investors are more interested in meme coins than ever before. Here is the hype around the dog-themed cryptocurrency Shiba Inu and its reflection on the Ethereum network…
Shiba Inu competes with Ethereum’s giants
According to the latest data compiled in Dune Analytics, Shiba Inu has even surpassed the likes of Uniswap v3 SwapRouter, USDC and WETH tokens. In fact, there were several places behind the leading NFT marketplace OpenSea, Uniswap V2 Router, among others. The table below also reveals that there are over 450,000 unique addresses for SHIB.
SHIB has become the 7th largest gas burner on Ethereum!
SHIB has also emerged as the seventh largest gas consumer on the Ethereum network. The milestone is a result of increased network activity based on data from TokenView’s Ethereum Explorer. Meanwhile, Ethereum (ETH) set another record on Tuesday as new data showed it burned more tokens than it spread. This trend has been going on for the past week. cryptocoin.com As we quoted, immediately after the London hard fork, net-negative inflation saw a week.
As mentioned above, the Shiba Inu also had a role in this. In the past seven days, the meme token has burned a total of 127.15 ETH. Industry giants Uniswap V2 Router and Tether burned 525.28 ETH and 296.6 ETH respectively in the same time frame. Thanks to astonishing rally, SHIBs surpass many major cryptocurrencies including Dogecoin (DOGE)
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!.
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.