Shibarium, the layer 2 solution for Shiba Inu, saw a notable increase in daily transactions, increasing 210.4% in the last two days, according to data from Shibariumscan. The platform recorded an impressive 2.43 million transactions today, which is a substantial increase from the 1.16 million transactions reported on Saturday, which appeared to be the nadir of recent activity.
Shibarium, the layer 2 solution for Shiba Inu, saw a notable increase in daily transactions, increasing 210.4% in the last two days, according to data from Shibariumscan. The platform recorded an impressive 2.43 million transactions today, which is a substantial increase from the 1.16 million transactions reported on Saturday, which appeared to be the nadir of recent activity.
This increase comes after a prolonged period of increased activity for Shibarium, which saw the number of transactions skyrocket to unprecedented levels in late November, peaking at 7.84 million transactions per day. However, towards the end of 2023, Shibarium experienced a significant drop in transaction volume.
New integration for Shibarium
The recent surge in transactions is attributed to the integration of Shibarium by major cryptocurrency exchange, Gate.io. The exchange has reportedly added support for Shibarium, allowing users to withdraw BONE tokens directly from the platform to the Shibarium network. This development marks a major milestone for blockchain and represents the first major integration with a centralized platform.
Gate.io’s decision to integrate Shibarium demonstrates growing recognition and adoption of Shiba Inu’s Layer 2 solution within the broader cryptocurrency ecosystem. The ability to withdraw BONE tokens on the Shibarium network directly from a major exchange is expected to further improve the usefulness and accessibility of Shiba Inu layer 2, potentially attracting more users to take advantage of its benefits.
As Shibarium continues to gain momentum with notable integrations, the SHIB community eagerly anticipates new developments and partnerships that could shape the future of the Shiba Inu Layer 2 ecosystem.
