Dogecoin (DOGE) and Shiba Inu (SHIB) are popular memecoins, but how do they stack up against the top cryptocurrencies in terms of daily users?
Active User Count
An “active address” is one that participates in transactions. The number of active addresses is a measure of network traffic and can indicate the number of daily users.
According to data from IntoTheBlock, Dogecoin has 56,980 active addresses daily, while Shiba Inu has 6,770. This places DOGE in the middle of the pack, while SHIB is near the bottom.
Top Coins
Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and Tron (TRX) all have significantly more daily users than DOGE. TRX has the highest number at 2.26 million, which is four times more than BTC.
Solana (SOL)
Solana is not included in IntoTheBlock’s data, but another source estimates that it has 1.5 million daily active addresses. This would put SOL second only to TRX and ahead of DOGE and SHIB.
Popularity vs. Network Usage
While memecoins have gained popularity among investors, they still lag behind top coins in terms of network usage. This suggests that their popularity has not yet translated into widespread adoption.
DOGE Price
Dogecoin has recently experienced a price drop of over 3% and is now trading at $0.157.
