Shiba Inu’s Shibarium Soars 140% in Trading Activity

Shiba Inu's Shibarium Soars 140% in Trading Activity

Shiba Inu’s Layer-2 solution, Shibarium, has witnessed a staggering increase in transaction activity, catapulting an impressive 140% in the last 24 hours, according to Shibariumscan data. The platform recorded a staggering 2.75 million transactions during this period, representing a substantial jump from the 1.96 million transactions reported just a day ago.

Shiba Inu’s Layer-2 solution, Shibarium, has witnessed a staggering increase in transaction activity, catapulting an impressive 140% in the last 24 hours, according to Shibariumscan data. The platform recorded a staggering 2.75 million transactions during this period, representing a substantial jump from the 1.96 million transactions reported just a day ago.

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This increase follows a period of increased activity for Shibarium, marked by a peak of 7.84 million transactions per day in late November. However, towards the end of 2023, Shibarium saw a notable decline in transaction volume, hitting a low point last week with 1.16 million transactions.

Fortunately, since January 13, the platform has seen a remarkable recovery, witnessing a solid 237% increase in the number of transactions.

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Fountain: Shibariumscan

The total transaction count on Shibarium since the full launch of the Shiba Inu blockchain in late August is about to reach an impressive 300 million, as reported by Shibariumscan. During this period, Shibarium successfully executed 2.76 million blocks, facilitated 1.43 million transfers of BONE, the key blockchain token, and participated in a network of 1.34 million addresses.

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This increase in trading activity underscores Shibarium’s resilience and popularity among Shiba Inu enthusiasts. The impressive recovery from the recent low and substantial rise highlights its continued success as a Layer 2 solution for the SHIB ecosystem.

As the platform continues to demonstrate its strength, the Shiba Inu community eagerly anticipates new developments and milestones in the near future.

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