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FET Passes Link in Most Used Smart Contracts by ETH Whales

FET Passes Link in Most Used Smart Contracts by ETH Whales Altcoin News
  • FET now ranks above LINK in the most used smart contract by ETH whales list.
  • Number one on the list is USDT, with the most significant used share of 34.69%.
  • FTT topped out with the highest trading volume, where each whale traded an average of 500,500 FTT, which amounts to $11,869,350.

In a recent analysis by WhaleStats, the native token of the Fetch.ai Network (FET) has surpassed Chainlink (LINK) in the most used smart contracts list.[1]  WhaleStats conducted the research by comparing the trading history of the top 5,000 whales on the Ethereum Network.

Number one on the list is Tether USD (USDT), with the most significant used share of 34.69%. ETH and USDC follow suit with 27.99% and 11.22%, respectively. FET had a 3.26% used share compared to LINK, which had barely 1.5%.

WhaleStats collects other data, including the most sold, most purchased, and most traded, of which the FET network appears among the top 15. Each whale traded an average of 75,049 FET tokens, amounting to $6,313.

Other coins of the ETH network, which appear in at least one of these categories, include FTX Token (FTT) and BUSD. FTT topped out with the highest trading volume, with each whale trading an average of 500,500 FTT, which amounts to $11,869,350. And an average of 360,250 FTT, which amounts to $8,545,425, was purchased.

Fetch.ai was founded in 2017 and launched via Initial Exchange Offering (IEO) on Binance in March 2019. It is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy.

FET currently trades at $0.0818, with a 16% loss in the last 24 hours. It has a market cap of over $60 million. Since its previous all-time high of $1.19 about nine months ago, FET has lost 93% of its value. The community of voters on CoinMarketCap suggests a bullish trend for FET.

Abdulkarim Abdulwahab is a writer who covers breaking events in the crypto and blockchain industry. Aside from writing for CoinQuora, he also helps companies in building their brand via blogs, how-to guides, and more.