In the crypto money market, the meme coin Shiba Inu (SHIB), which was one of the most talked about cryptocurrencies in the past month, albeit for a short time, is now being mentioned again with a similar performance.

Looking at the data on December 20, it is seen that Shiba Inu has managed to be among the top 3 most used tokens in the Ethereum network. The famous meme coin SHIB managed to surpass even USDC, one of the leading stablecoins, USDT, in terms of efficiency.

SHIBA INU to USD Chart-1

The fact that SHIB is the 3rd most used cryptocurrency in the last 7-day chart is perceived as a very positive signal.

The Shiba Inu statistics covering the last 7 days mean much more than the above. The famous meme coin, which reached 78,089 unique users in total, lagged behind USDT and USDC in this regard, but approached the number of active users exactly when it broke the record. This success was also seen during SHIB's high performance in October.

SHIBA INU to USD Chart Cap

New usage areas can be said as the underlying reason for SHIB's re-mobilization. The SHIB team, which was inactive for a while after the NFT project, has now come to the fore with a new game and the use of in-game NFT.

Of course, it should be kept in mind that Shiba Inu will soon launch its own Layer 2 network. In fact, the main development currently priced by the market seems to be the Layer 2 network. SHIB developer Ryoshi also officially gave the Layer 2 good news in a statement on the subject and excited the community.

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Shiba Inu is the Ethereum variant of the popular cryptocurrency Dogecoin, created with the Scrypt programming language. Officially launched in August 2020 by an anonymous developer group called Ryoshi, Shiba Inu is an ERC-20 token that aims to dethrone Dogecoin. The name of the digital asset is inspired by the Shiba Inu, a breed of dog in Japan. In addition to Shiba, other digital assets inspired by pets are known as 'meme coins'.