Floki recently unveiled its FLOKI token, emerging as the leading memecoin globally in terms of trading activity. Recent data indicates that FLOKI has outpaced PEPE, DOGE, and SHIBA tokens in trading volume.

FLOKI achieved a remarkable milestone, with daily spot trading exceeding $200 million across various exchanges. The network took to its official Twitter account to share this update, accompanied by a screenshot showcasing FLOKI's dominance over its competitors.

Inspired by Elon Musk's pet dog, Floki garnered widespread attention since its launch in July 2021. A recent tweet from Floki revealed that Dogecoin closely trails behind, with a daily spot trading volume of $184 million.

Shiba Inu and Pepe lag behind Floki and Doge, with daily spot trading volumes of $103 million and $88 million, respectively. Despite these significant figures, they pale in comparison to Floki's latest achievement.

The surge in Floki's trading volume can be attributed to ongoing advancements, including the announcement of a staking feature for a new utility token. This upcoming token, which will be staked using FLOKI, aims to enhance the network's utility and value.

Unlike traditional fundraising methods, there will be no pre-sale for the new token, with most of its supply available through FLOKI staking. Users can earn the token by staking FLOKI for varying durations, resulting in an extended lock-up period and reduced supply, potentially increasing its market value.

To support these developments, Floki has onboarded new developers, ensuring seamless progress and enabling the network to pursue additional opportunities without delay.