iShiba Inu surpasses BTC and DOGE and becomes the most traded coin on India's Main Exchange

ShibaInu (SHIB) has risen in popularity among cryptocurrency traders in India, dominating the trading scene on WazirX, one of the country's leading cryptocurrency exchanges. The latest data released by WazirX indicates that SHIB was the most traded token on its platform during the month of April, surpassing other major cryptocurrencies such as Bitcoin (BTC) and Dogecoin (DOGE).

Furthermore, SHIB secured the second place in trading volume on the exchange during 2023, only behind Bitcoin.

Rise in popularity of the Shiba Inu in India

Shiba Inu's meteoric rise in India's cryptocurrency trading scene has been impressive. The token has caught the attention of Indian investors and takes a notable share of the trading volumes on WazirX.

This rise in popularity is not just limited to the month of April, but has been a recurring trend, as highlighted in previous WazirX reports.

WazirX has diligently tracked and reported SHIB dominance in its monthly and annual reports. Notably, SHIB emerged as the most traded token on WazirX in March, indicating sustained preference among users.

This trend continued throughout 2023, with SHIB maintaining its position as the second most traded token on the exchange, behind only Bitcoin.$BTC $SHIB