Bitrabo Editorial
Shiba Inu’s lead developer, Shytoshi Kusama, has highlighted a key feature that sets Shiba Inu apart from the popular meme coin, Dogecoin. Despite this advantage, Dogecoin remains the preferred choice among many cryptocurrency enthusiasts based on a crucial on-chain metric.
Shiba Inu’s Competitive Advantage Over Dogecoin
In a recent X post, Kusama referenced the upcoming integration of the Web2 game Shiba Eternity into the Shibarium network to explain why Shiba Inu is ahead of Dogecoin. This move emphasizes how game finance (GmeFi) is an integral part of the Shiba Inu ecosystem, giving it an edge over Dogecoin in this area. The play-to-earn (P2E) version of Shiba Eternity is slated to launch on the layer-2 network Shibarium soon, with insights shared by Shiba Inu team members such as Marketing Lead Lucie.
Lucie mentioned in a separate X post that players transitioning to the Web3 version of the game would receive a welcome package containing incentives like XP boosters, card packs, and Kibble rewards. The Shiboshis NFT collection will play a significant role in the game, determining the amount of Kibble players receive based on their unlocked Shiboshis.
Owners of the original Shiboshis NFTs on the Ethereum blockchain will gain exclusive in-game features, including participation in closed beta tests. Lucie disclosed that the first closed beta test will integrate the Shiboshis NFTs and play a crucial role in the upcoming “Breeding” stage of the game.
Dogecoin Maintains Higher Network Activity
Although Shiba Inu offers more utility than Dogecoin, data from IntoTheBlock reveals that Dogecoin has a higher number of daily active addresses compared to Shiba Inu. Daily active addresses represent addresses involved in one or more on-chain transactions in a day.
Over the past week, Shiba Inu has seen daily active addresses ranging between 3,000 and 4,000, while Dogecoin’s numbers have varied between 40,000 and 50,000.
It is noteworthy that Shiba Inu has provided better returns for investors this year compared to Dogecoin. SHIB has seen a year-to-date gain of over 30%, surpassing DOGE’s gain of just over 10%. Kusama had previously predicted that Shiba Inu would lead in this bullish market, outperforming Dogecoin and other meme coins.