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Shiba Inu is Now 5th Most Called Smart Contract On Ethereum Surpassing USDC, Uniswap V3 And 7th Largest Gas Burner On ETH

Jakkk
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Shiba Inu is Now 5th Most Called Smart Contract On Ethereum Surpassing USDC, Uniswap V3 And 7th Largest Gas Burner On ETH

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.

Read: Kraken Is Going To List Shiba Inu



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 most called contract on eth

 

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).

 

Read More On SHIB:

Cardano Hits Whopping Two Million ADA Wallets

Jakkk
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Cardano Hits Whopping Two Million ADA Wallets

The number of ADA wallets has doubled compared to May 2021.



As of November 2, the Cardano community celebrates over two million ADA wallets.

 

The previous record of one million wallets was reached at the end of May this year. As of January 1, 2021, the ADA community only had 203,519 ADA wallets. As of May 23, Cardano’s wallets growth was approximately fivefold, and it has increased by another million wallets since May.

Glassnode Report Shows Bitcoin Will Continue Its Bullish Momentum After Consolidation

Albert Brown
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Glassnode Report Shows Bitcoin Will Continue Its Bullish Momentum After Consolidation

The cooling off of Bitcoin derivates and on-chain spending indicates a continued bullish picture for bitcoin.

Read: Burger King Offers US Customers Bitcoin, Ethereum, and Dogecoin Giveaway


After renewing the all-time high, the Spent Output Profit Ratio (SOPR) values correspond to the signs of an early bull market. Holders are waiting for higher prices, not wanting to sell their BTC at current levels.

Keeping Bitcoin adjusted SOPR above 1 indicates the market’s ability to absorb selling pressure without significant bearish pressure on prices.

bitcoin spor

Image Source: Glass Node

 

Analysts looked at the difference between Net Unrealized Profit/Loss (NUPL) based on BTC holders. It remained in the range of 0.5–0.75 values.

Historically, testing this range without going to lower levels has signaled renewed price growth in the coming weeks/months. Earlier, an exit from this range upwards led to a renewal of the historical all-time high in 2013-2014, 2017, and 2021.

btc upward move 2

Image Source: Glass Node

In the BTC perpetual contracts market, financing rates are falling simultaneously while BTC  price is consolidating. This suggests a more cautious approach by traders, which is a healthy situation for the market as a whole.

 

btc funding rates

Image Source: Glass Node

 

Also, note Every time BTC broke an all-time high there were $3.5M long position liquidations per hour.

btc liquidation

Image Source: Glass Node

In October Bitcoin Miners Received $1.72 Billion In Profits

Mark Brennan
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In October Bitcoin Miners Received $1.72 Billion In Profits

October became quite successful for bitcoin miners as their BTC mining profit was $1.72 billion, almost reaching the May record of $1.75 billion.



Bitcoin miners’ profit from Transaction fees was only $27.47 million – 1.62% of the total revenue. The rest of the profit came from block subsidies, amounting to 6.26 BTC per transaction block.

btc mining profits in october

Chart Source: The Block Crypto

 

As a reminder, on October 20, Bitcoin reached its all-time high exceeding $66,000. Considering that Bitcoin miners receive income in BTC, it is not surprising that the earnings in US dollars almost touched the May all-time high mining profits.

At the same time, according to Kraken analysts, big miners are not selling their mined BTC. A similar trend of BTC accumulation is observed among smaller mining companies. At the end of October, the Bitcoin network hash rate returned to 188.666 Eh/s.

CryptoPunk #7557 Was Mistakenly Sold For 4.444 Ethereum Instead Of 444 ETH

Albert Brown
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CryptoPunk #7557 Was Mistakenly Sold For 4.444 Ethereum Instead Of 444 ETH

The owner of NFT CryptoPunk #7557 mistakenly sold it for a pretty little amount.



It looks like the owner tried to set the price at 4444 ETH, but accidentally put a dot after the first digit and sold it for 4.444 ETH.

NFT CryptoPunk #7557 is quite rare – it represents a punk in a golden tiara, and there are only 55 such “crowned” punks in the collection.

 

The cheapest tiara Punk is around 350 ETH ($1.5 million), and the last sale of such an NFT took place at a price of 196.69 ETH ($843,000).

The last time CryptoPunk #7557 was sold 4 months ago for 59.99 ETH, so the selling person took a loss of about 55 ETH by accidentally setting the sale price of 4.444 eth.

CryptoPunk #7557 owner first set the price at 8,888 ETH. It seems then he decided to reduce the price to 4444 ETH ($19.1 million), but accidentally put a dot after the first digit and the sale was made at 4.444 ETH. So instead of millions of dollars, the owner received $19,100.

Since the price of the Punk was significantly lower than the market, the buyer used “flash bots” – he sent 3.33 ETH directly to the miner to make sure the transaction is immediately in the block.

Recall that recently the owner of NFT CryptoPunk #9998 sold his punk for a record $532 million, but later it turned out that the sale was fictitious and the owner “sold” the NFT to himself.

Mark Cuban and Voyager CEO Share Crypto Pro Tips With Newcomers

Mark Brennan
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Mark Cuban and Voyager CEO Share Crypto Pro Tips With Newcomers

Billionaire Mark Cuban and head of Voyager crypto broker Steve Ehrlich shared pro tips for novice investors in the digital asset market.



The crypto gurus expressed their opinions with Mavs.

Voyager CEO Steve Ehrlich said:

“It’s never too late and, actually, now is the right time. I still think it’s the first half of the first quarter on crypto adoption.”

According to him, about 220 million people already own digital assets. CEO Voyager expects the figure to rise to 1 billion in four years.

Cuban express his thoughts:

“You don’t have to spend a lot of money in order to learn. It’s not like the stock market where it’s almost impossible, except on a few platforms, to spend $10 and get started.”

Ehrlich noted that it is always best to start small financial investments, increasing your position as you learn.

“Enter small and just learn a little bit. Start small and I think it’s always wise to start financial investments small and then work your way up. As you start learning more and understanding more, then you can start increasing from there. But I think it’s always a wise place to start.”

Cuban said:

“You’re spending your money, so always be careful. But the other thing, look, there are investments. Things like shiba inu [SHIB] and dogecoin [DOGE], those aren’t investments.”

 

In late October, Voyager announced it had signed a five-year partnership with the billionaire’s basketball club, the Dallas Mavericks.

Recall that Cuban urged newcomers to pay attention to Ethereum. According to him, the second-largest cryptocurrency has the greatest prospects in terms of investment as compared to bitcoin.

Burger King Offers US Customers Bitcoin, Ethereum, and Dogecoin Giveaway

Jakkk
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Burger King Offers US Customers Bitcoin, Ethereum, and Dogecoin Giveaway

Fast-food chain Burger King and investment platform Robinhood have entered into an agreement under which they will raffle prizes in Bitcoin, Ethereum, and Dogecoin to the members of the Burger King Royal Perks loyalty program as reported by USA Today.

Read: Goldman Sachs Says If Historical Correlation With Inflation Persists Ethereum Could Rise To $8000 By Year-End



The prize pool contains 20 BTC, 200 ETH, and 2 million DOGE. Within three weeks, US customers who spend more than $5 at Burger King will be included in the giveaway. To receive the giveaway prizes, users will have to register with Robinhood.

Maria Posada, VP of Digital Services for Burger King North America said:

“Burger King is offering crypto in a way that’s accessible and digestible (literally and figuratively) – through our food.

Most of the prizes are in Dogecoin, and the lucky few will receive 1 ETH or 1 BTC,”

 

The USA.TODAY Writes:

“In order to claim a coin, customers should start by downloading Burger King’s mobile application or visiting BK.com and registering to become a Royal Perks Member. Then, customers can make a $5 pretax purchase on the app, website, or in-restaurant using “My Code.” Then wait for an email with instructions on how to claim the crypto on the Robinhood mobile application in your Robinhood Crypto account. Existing Robinhood Crypto users do not need to create a new account.”

Read: On 13th Anniversary Of Bitcoin White Paper, Here Are 13 Interesting Facts About The Groundbreaking Founding Document

Burger King also shared a series of videos on YouTube “How to Crypto.”

Squid Game Token Exit Scam Leaving More Than 41 Thousand Holders With No Hope

Mark Brennan
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Squid Game Token Exit Scam Leaving More Than 41 Thousand Holders With No Hope

The Fake token based on the “Squid Game” (a popular and trending Netflix Series) in a few minutes fell from $2856 to almost zero.


 

squid game token falling to zero

 

Squid Game Token Twitter account and website are down, everything indicates that the token creators made an exit scam and took user funds from the protocol. The inventors of the Suid Token could have easily made as much as $2.1 Million after the token’s crash.

 

Based on the Token contract address, more than 41 thousand users purchased SQUID. Recall that even at the time of the asset’s unbelievable price growth, users reported that they were unable to sell SQUID on the PancakeSwap platform.

Some suspicious things about the Squid Token were the lack of information about the Squid token team, the age of the domain (registered on October 12, 2021), and the inability to comment on posts on the project’s social networks.

Kraken Is Going To List Shiba Inu

Albert Brown
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Kraken Is Going To List Shiba Inu

According to an announcement made by Kraken exchange on Twitter, the Francisco-based cryptocurrency exchange will list the Shiba Inu on Tuesday.



Kraken is listing Shib in an exciting way, Instead of making an official announcement, Kraken product manager Brian Hoffman encouraged Shiba Inu fans to like the post at least 2,000 times.

This, of course, was an easily achievable goal for one of the fastest-growing cryptocurrency community.

 

At the time of writing, the tweet has got over 28K likes, which means that the hottest cryptocurrency should now appear on the Kraken trading platform on Tuesday.

Shiba Inu became available on Coinbase in mid-September. The addition of the SHIB to the largest US exchange was one of the main reasons for the massive SHIB rally in October.

Read More On SHIB:

YouSwap V2 launched on 1st November 2021 with eight upgrades in one package

Mark Brennan
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YouSwap V2 launched on 1st November 2021 with eight upgrades in one package

After intensive development, the highly anticipated DEX YouSwap V2 was officially launched on November 1st 2021! The following features are the major upgrades in this new protocol:

  1. Liquidity Aggregation
  2. Candlestick Chart
  3. Popular Coin Recommendation
  4. Cross-chain Bridge 2.0
  5. Market Depth Graph
  6. New Mining Scenarios
  7. Mining Pool 2.0
  8. New Transaction Record

I. Liquidity Aggregation

YouSwap V2 introduces aggregate trade which causes the liquidity of DEX such as MDEX to aggregate when users trade on the HECO Chain. When trading on the ETH chain, the liquidity of DEX will be aggregated. Such DEX includes UniSwap V2 and V3, Sushiswap, DoDo, 1inch etc. Lastly, trading on the BSC chain will aggregate the liquidity of Pancakeswap etc.

II. Candlestick Chart

YouSwap V2 newly incorporates price trends of crypto on the mining page. It will display the price of the current trading pair, 24-hour price changes and fluctuation rate. Users can view the crypto prices on YouSwap’s mining page instead of going to an external website for the market.

III. Popular Coin Recommendation

YouSwap V2 displays the latest popular coins by default on the trading page and updates them every week to help users to learn and trade. Auto refresh can refresh the latest token swap rate with one click.

IV. Cross-chain Bridge 2.0

YouSwap v2 supports the cross-chain of all cryptos among ETH, BSC and HECO chains with no minimum cross-chain volume set. YouSwap does not charge for any cross-chain fee, and the deposit and withdrawal fees are subject to the charge standards of the corresponding public chain. In addition, to reduce user costs, YouSwap supports the use of YOU to pay fees. Now, the Gas fee is only 10-100YOU, or about 0.8-8 USDT. The cross-chain speed of YouSwap reaches 2-3 minutes with guaranteed security.

V. Market Depth Graph

YouSwap V2 adds an order book for the current trading token pairs on the mining page, with 10 recent orders in display.

VI. New Mining Scenarios

YouSwap V2 provides four scenarios including Mining, DAO, Forum and YouWallet on the mining page. Users are able to go to the respective pages just by clicking on the respective buttons or tabs.

VII. Mining Pool 2.0

YouSwap supports fixed-term mining of the liquidity pool in V2. After the mining expires, users can claim their own tokens. The pool can be restarted after it ends. In the case of restarting, users can continue mining without migrating liquidity.

At the same time, the V2 version of pool also provides great convenience for project owners, who can set the mining start time and maximum stake volume of the pool, add multiple-mining reward tokens and various rewards (such as increase the APR and extend the reward granting time of the pool), adjust the block rewards independently (once every 7 days, up to 30% each time), customize the referral reward ratio, and view the relevant data of the pool (number of mining addresses, mining ranking, remaining rewards, etc.);

VIII. New Transaction Record

YouSwap V2 adds new trade records covering swap, liquidity addition and pool stake. Users can view all their trade records on the page.

Over the next few weeks, YouSwap will officially share more in-depth information about the V2 release including its new functions, tutorials and playing instructions, as well as updates on key topics such as liquidity aggregation, liquidity mining and popular token mining.

About YouSwap

YouSwap is a multi-chain decentralized exchange that supports cross-chain transactions of multiple assets. The V2 upgrade is able to simultaneously support transactions of assets on public blockchains, such as Binance Smart Chain and Huobi ECO Chain. YouSwap’s Cross-chain Bridge 2.0 allows for seamless transfer of assets between public chains, while the trading upgrade incorporates liquidity aggregation of popular DEXs, providing users with a more efficient and stable liquidity solution, embracing the next evolution in DeFi.

Platform: https://www.youswap.com

Telegram: https://t.me/youswapglobalofficial

Twitter: https://twitter.com/youswap_global

Facebook: https://www.facebook.com/youswap.global

Discord: https://discord.gg/dMVFHB7kdF

 

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