The Shiba Inu blockchain platform Shibarium has recently seen a notable increase in activity, indicating significant development within the cryptocurrency ecosystem. In the last 24 hours, the number of active accounts trading on Shibarium has skyrocketed to 905, reflecting a staggering 30% increase compared to the previous day.
The Shiba Inu blockchain platform Shibarium has recently seen a notable increase in activity, indicating significant development within the cryptocurrency ecosystem. In the last 24 hours, the number of active accounts trading on Shibarium has skyrocketed to 905, reflecting a staggering 30% increase compared to the previous day.
Interestingly, this increase appears to be primarily due to increased participation from established Shibarium accounts rather than an influx of new registrations, as indicated by Shibariumscan data.
This increase in activity is part of a broader trend, with the number of active accounts on Shibarium increasing by almost 40% in the last two days in March alone. The ecosystem now boasts an impressive total of 64,693 accounts and 1.365 million total addresses. Furthermore, the daily transaction volume on the network has reached a solid 2.34 million.
Shiba Inu (SHIB) price evolution
Notably, this increase in Shibarium activity coincides with major price movements in the Shiba Inu token itself. During the analyzed period, the price of the popular cryptocurrency has increased by more than 33%, reaching a value of $0.0000235, the highest since April 2022. In fact, over the past week, SHIB quotes have experienced a notable increase, with the token adding 127% to its price.
Now the question arises: Will SHIB price stabilize around the $0.00002 mark, establishing a new paradigm after months of trading even below $0.00001? This recent surge in activity on Shibarium, along with notable price movements in the Shiba Inu token, suggest a potentially transformative period for the cryptocurrency.
