Shiba Inu (SHIB), the leading canine-themed token, ranked as the most traded token on CoinSwitch. The data indicate that 9% of CoinSwitch users, representing 1.8 million, traded $SHIB
this year.
Notably, Shiba Inu ranked ahead of Pepe, Bitcoin ($BTC
), and Dogecoin ($DOGE
), which were traded by 8% (1.6 million), 6% (1.2 million), and 6% (1.2 million) of CoinSwitch users.
Other crypto assets, such as Tether (USDT), Bonk, Ethereum (ETH), Solana (SOL), XRP, and Gala, recorded 6%, 4%, 3%, 3%, 3%, and 2%, respectively, in this category.