Shibarium is Ethereum-based Shiba Inu’s Layer-2 scaling solution. There has been a 160% increase in transactions in the last 24 hours, reaching 562,980 transactions. This increase is considered a significant recovery after a 63.2% decline in previous days.
Daily Transactions of Shibarium Increased
About two weeks ago, there was a record increase of 1000% in Shibarium’s daily transactions. This growth strengthened Shibarium’s position within the Layer-2 ecosystem and increased the total number of transactions to 415 million. Also, this increase has provided more scalability, lower transaction fees, and increased speed to the Shiba Inu ecosystem.
Price Movement in SHIB
The price of Shiba Inu (SHIB) and the related BONE token has increased by 6.20% and 6.12% in the last 24 hours, respectively. This price increase indicates a positive impact of the increase in transaction volume on token prices in Shibarium. Also, these price improvements may initiate a positive trend in the broader cryptocurrency market.
Useful Information
Shibarium is an Ethereum-based Layer-2 solution, and transaction numbers have increased significantly.
Shiba Inu and BONE tokens have gained value with the increased activity in Shibarium.
New wallet additions and increased transaction volume indicate the expansion and strengthening of the Shibarium ecosystem.
In view of these developments, it is considered that the overall performance within the Shibarium ecosystem and the prices of tokens associated with Shiba Inu could be significantly affected. How long this upward trend will continue and how it will interact with other factors in the market will become clear over time.
0 Comment