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Shiba Inu and Dogecoin achieve a major milestone on popular crypto wallet MetaMask.
In an X post yesterday, MetaMask highlighted the top five most swapped tokens within its wallet 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 Swapped Tokens on MetaMask
Notably, frog-themed token PEPE ranked in the top position, with DOGE ranking as the second most swapped token on MetaMask this week. Solana (SOL) secured the third position, followed by SHRUB.
Additionally, Shiba Inu secured the fifth spot, ranking among the top five most swapped tokens on MetaMask. According to MetaMask, the ranking focused on users’ activity, particularly token swaps, on the Ethereum mainnet over the past week.
For context, MetaMask’s swap feature 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 swap tokens directly within the wallet, eliminating the need to transfer assets to and from centralized exchanges for swaps.
Shiba Inu and Dogecoin Popularity
Meanwhile, Shiba Inu and Dogecoin have garnered significant attention recently, as reflected in MetaMask’s latest report. Their popularity soared tremendously this month following Donald Trump’s re-election as the president-elect of the United States.
Consequently, DOGE and SHIB recorded huge spikes in different areas, ranging from their prices to trading volumes.
At press time, Dogecoin’s price has surged 19.02% over the past day to $0.4682. Its trading volume has skyrocketed by 126.5% over the past 24 hours to a whopping $19.23 billion.
Similarly, Shiba Inu broke the resistance at $0.000025 earlier today, soaring above the $0.000027 mark. Currently, SHIB is priced at $0.00002704, marking a daily increase of 8.78%. Shiba Inu’s trading volume has soared 113.82% in the past day to $3 billion.