By ETH Whales, FET passes a link in the most widely utilized Smart Contracts

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The native token of the Fetch.ai Network (FET) has surpassed Chainlink (LINK) on the most utilized smart contracts list, according to new research by WhaleStats.

[1] WhaleStats compared the trade histories of the top 5,000 whales on the Ethereum Network for the study.

Tether USD (USDT) is ranked first on the list, with a 34.69 percent market share. With 27.99 percent and 11.22 percent, respectively, ETH and USDC follow suit. FET had a 3.26 percent utilized share over LINK’s 1.5 percent.

Other information collected by WhaleStats includes the most sold, most purchased, and most traded networks, with the FET network being within the top 15. Each whale exchanged 75,049 FET tokens on average, totaling $6,313.

FTX Token (FTT) and BUSD are two more ETH network coins in at least one of these categories. The biggest trading volume was in FTT, with each whale exchanging an average of 500,500 FTT, totaling $11,869,350. And an average of 360,250 FTT was purchased, totaling $8,545,425.

Fetch.ai was formed in 2017 and debuted on Binance in March 2019 via an Initial Exchange Offering (IEO). It’s an artificial intelligence (AI) lab developing a decentralized machine learning network with a crypto economy that’s open, permissionless, and decentralized.

FET is presently trading at $0.0818, down 16% in the previous 24 hours. It has a market capitalization of more than $60 million. FET has dropped 93 percent of its value since hitting an all-time high of $1.19 around nine months ago. On CoinMarketCap, the voting community predicts a favorable outlook for FET.

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