The rising popularity of Shiba Inu has made it the fifth most frequently called contract on the Ethereum network and its seventh-largest gas burner.
The hype around this Shiba Inu has increased to the point that it’s now the fifth most called smart contract on the Ethereum network.
According to the most recent data by Dune Analytics, Shiba Inu has outperformed Uniswap V3 SwapRouter, USDC, and WETH tokens. SHIB was only just a few spots behind the renowned NFT OpenSea Marketplace and Uniswap V2 Router.
Dune Analytics also announced that there were over 450,000 unique calls for SHIB.
SHIB is currently the seventh-largest burner of gas on Ethereum
SHIB is also the seventh-largest gas burner on the Ethereum network. This achievement is due to increased activity on the SHIB network, and also the consumption of gas around SHIB, and was recorded by TokenView’s Ethereum Explorer.
Ethereum (ETH) has set another record on Where $12 Million More Ethereum Were Burned Than Mined, Shiba Inu also had some part to play in this. Over the last seven days, the SHIB token has burned 127.15 Ethereum. Industries bigwigs Uniswap V2 Router and Tether have burned 525.28 ETH and 296.6 Ethereum respectively in the same period of time.
Because of the massive surge, SHIB has outperformed several large-cap cryptos, like Dogecoin (DOGE).
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