SHIB now ranks among the 10 most used smart contracts on the ETH network by CoinQuora

© Reuters SHIB now ranks among the top 10 most used smart contracts on the ETH network

  • SHIB is now among the most used smart contracts by ETH whales.
  • Number one on the list is ETH, with the largest used share of 28.93%, while USDT and USDC follow with 22.21% and 19.37%, respectively.
  • SHIB is the only token to have appreciated more than 13 million% since 2020.

According to WhaleStats, a web application that tracks the activities of large crypto holders (SHIB) now ranks in the top 10 in the most used smart contracts category among 5,000 other tokens on the network (ETH).

Number one on the list is ETH, with the largest used share of 28.93%. USDT and USDC, the two most popular stablecoins, follow with 22.21% and 19.37%, respectively.

WhaleStats collects other data, including top-selling, top-bought, and top-traded tokens, of which SHIB is in the top 10. Each whale traded an average of 3,740,000,000 SHIB tokens, which equates to $39,719. Similarly, an average of 1,870,000,000 SHIBs, which cost $19,850, were sold.

Other ETH network tokens that appear in at least one of these categories include LINK, Mooney, SAND, APE, MATIC, and MANA.

Shiba Inu is a dog breed-themed altcoin that has inspired people around the world to invest, albeit in a more speculative way. It is one of the few meme tokens to have gained prominence over the past couple of years.

SHIB is the only token to appreciate 13M% since 2020, according to CoinMarketCap. It is currently among the top 16 coins with a market capitalization of almost $6 billion. This puts him behind (AVAX) in 15th position and ahead of Polygon (MATIC) in 17th position.

SHIB is trading at $0.00001071, while its 24-hour trading volume has increased by 33%. The CoinMarketCap crypto community predicted that SHIB will have a bullish trend by the end of June. Over 30,200 community members voted.

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