Dogecoin & Shiba Inu: Comparing Daily Users with Top Cryptocurrencies

Here’s a comparison of Dogecoin (DOGE) and Shiba Inu (SHIB) with the top cryptocurrencies based on the number of “active addresses.”

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In a recent post on X, the market intelligence platform IntoTheBlock shared an infographic showing the current rankings of top cryptocurrencies based on the daily number of active addresses.

Dogecoin and Shiba Inu: Active Addresses Compared with Top Cryptocurrencies

An address is considered “active” when it participates in any transaction activity, meaning both the sender and receiver become active during the transaction.

The unique number of active addresses can be seen as the daily number of users on the network. This metric helps indicate whether the blockchain is experiencing high traffic.

The chart below shows the current value of this indicator for some of the top assets in the cryptocurrency sector.

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Network Activity Comparison of Top Cryptocurrencies

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Despite the popularity and market cap growth of memecoins like Dogecoin and Shiba Inu, they still lag behind in network-related metrics such as active addresses.

Dogecoin Price Update

Dogecoin’s price has dropped to $0.157, marking a decrease of over 3% in the past 24 hours.