Shibarium, the Layer 2 blockchain solution for Shiba Inu, has seen a significant increase in new user accounts, with a 962% increase in just 24 hours. The number of new accounts per day increased from 16 on June 15 to 154 on June 16, reflecting growing interest in the network.
Shibarium, the Layer 2 blockchain solution for Shiba Inu, has seen a significant increase in new user accounts, with a 962% increase in just 24 hours. The number of new accounts per day increased from 16 on June 15 to 154 on June 16, reflecting growing interest in the network.
Interestingly, this increase in new users coincided with an increase in the average amount spent per transaction on BONE, Shiba Inu’s native token.
Gamza Khanzadaev
According Shibariumscan, the average transaction amount increased from 0.00222 BONE to 0.00458 BONE. BONE is used as a gas fee for transactions on Shibarium, and a portion of each fee is converted to SHIB and burned, reducing the overall supply of tokens.
However, despite the influx of new accounts and higher transaction amounts, the network saw a decline in active accounts and total transactions.
Active accounts decreased from 836 to 766, and total transactions decreased 63.2%, from 13,191 to 4,859 during the same period. This decline raises questions about Shibarium’s ability to meet growing demand while maintaining efficiency.
Arman ShirinyanThe divergence between the increase in new users and the decrease in transactions can be attributed to several factors. New users may join to explore the platform or to hold BONE and SHIB tokens instead of trading.
Additionally, current market conditions may have led to more cautious trading behavior, resulting in fewer transactions despite a growing user base.
