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eToro stated that MANA and SHIB saw the biggest surge in hodlers in Q3 2022, posting increases of 437% and 269% apiece compared to Q3 2021.
Increasing interest in the Metaverse has been seen as a reason for Decentraland (MANA) and memecoin Shiba Inu’s (SHIB) outpaced growth on retail trading platform eToro over the past 12 months.
In an Oct. 7 report shared with Cointelegraph, eToro stated that MANA and SHIB saw the biggest year-on-year surge in hodlers in the most recent quarter, rising 437% and 269% apiece compared to Q3 2021.
Other notable hodler increases on the eToro platform included Enjin (ENJ), Polygon (MATIC), and Basic Attention Token (BAT) with increases of 229%, 107% and 107%, respectively.
eToro crypto market analyst Simon Peters said that the rise of MANA in particular suggests the Metaverse has become a key theme of the crypto market this year despite the bear market:
“The Metaverse has been a major new frontier and that is reflected in the exp
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