Dogecoin & Shiba Inu: How The Memecoins Stack Against Top Coins In Daily Users

Dogecoin and Shiba Inu Lag Behind in Active User Count

According to a recent infographic shared by IntoTheBlock, Dogecoin (DOGE) and Shiba Inu (SHIB) trail behind the top cryptocurrencies in terms of active addresses.

Active Addresses: A Measure of Network Activity

An active address indicates a transaction involving either sending or receiving cryptocurrency. The daily number of active addresses reflects the level of activity on a blockchain network.

Comparison of Active Addresses

As of the infographic's data, Tron (TRX) leads the list with 2.26 million daily active addresses. Dogecoin ranks in the middle with 56,980 active addresses per day, while Shiba Inu falls near the bottom with 6,770 active addresses.

Other major cryptocurrencies such as Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC) all surpass Dogecoin in active user count.

Solana's Absence

Solana (SOL) is notably missing from the list. IntoTheBlock explains that their tools do not currently support the SOL network. However, data from external sources suggests that Solana boasts approximately 1.5 million daily active addresses.

This places Solana second only to TRX in active user count, surpassing both Dogecoin and Shiba Inu.

Conclusion

While Dogecoin and Shiba Inu have gained popularity among investors, they still lag behind in terms of network-related metrics such as active addresses. Tron currently holds the top spot in this category, indicating a high level of transaction activity on its blockchain.

Dogecoin's price has recently experienced a decline of over 3%, currently trading at $0.157.