Shiba Inu and Dogecoin achieve major milestone in popular crypto wallet MetaMask.
In an X job Yesterday, MetaMask highlighted the five most traded tokens within its portfolio over the past week. Interestingly, the list is dominated by meme-based cryptocurrencies, such as Pepe (PEPE), Dogecoin (DOGE), Shrub (SHRUB), and Shiba Inu (SHIB).
Top 5 most traded tokens on MetaMask
Notably, frog-themed token PEPE ranked first, with DOGE being the second most traded token on MetaMask this week. Solana (SOL) secured third place, followed by SHRUB.
Additionally, Shiba Inu secured the fifth spot, ranking among the top five most traded tokens on MetaMask. According to MetaMask, the ranking focused on user activity, particularly token trading, on the Ethereum mainnet over the past week.
For context, MetaMask’s swap functionality allows users to initiate token swaps directly within the wallet. It was first introduced in October 2020 on MetaMask’s desktop extension. Interestingly, the team behind the wallet extended its support to mobile users a few months later.
Since its launch, MetaMask has allowed users to trade tokens directly within the wallet, eliminating the need to transfer assets to and from centralized exchanges for trading.
Popularity of Shiba Inu and Dogecoin
Meanwhile, Shiba Inu and Dogecoin have attracted significant attention recently, as evidenced by MetaMask’s latest report. Their popularity increased significantly this month following the re-election of Donald Trump as president-elect of the United States.
Therefore, DOGE and SHIB have seen huge spikes in different areas, ranging from their prices to trading volumes.
At press time, Dogecoin price surged 19.02% over the past day to $0.4682. Its trading volume soared 126.5% in the last 24 hours to a whopping $19.23 billion.
Likewise, Shiba Inu broke the resistance to $0.000025 earlier today, surpassing the $0.000027 mark. Currently, SHIB price is $0.00002704, representing a daily increase of 8.78%. Shiba Inu trading volume soared 113.82% over the past day to $3 billion.
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