Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth

Name	Symbol	Market	Market Cap ($)	Algorithm
Uniswap	UNIUSD	Crypto	5,630,637,002	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Uniswap

UNIUSD

Crypto

5,630,637,002

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.040	-0.53%	7.46	7.47	7.47

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.040

-0.53%

7.46

7.47

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.53	7.45	7.48	7.50	3.59 - 17.03

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.53

7.45

7.48

7.50

3.59 - 17.03

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:26:26	1.20	7.46	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:26:26

1.20

7.46

USD

Price x Volume	Volume	Base Symbol	Related Pairs
172,496.15	23,042.97	UNI	UNIEUR	UNIGBP	UNIBTC

Price x Volume

Volume

Base Symbol

Related Pairs

172,496.15

23,042.97

Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth

20/02/2024 11:00am

NEWSBTC

Shiba Inu layer 2 blockchain platform Shibarium, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high. Shibarium Daily Transactions Skyrocket The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent data from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million. Related Reading: Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone The rise in daily transactions to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million. Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December. Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before dropping by almost 50% in January. Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million. It is worth noting that Shibarium’s performance goes beyond the network’s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features. Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption. Due to this sharp rise in Shibarium network activity, investors’ interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem. Shiba Inu Team To Burn Top Shibarium Tokens Lucie, Shiba Inu’s head of marketing, has revealed the team’s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to share the development with the SHIB community. Related Reading: Shiba Inu Team Teases ‘Next Big Thing’ As ‘Big Money’ Eyes SHIB Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include Shiba Inu (SHIB), Bone ShibaSwap (BONE), LEASH, TREAT, and SHI. Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the Shiba Inu team will use 10% of the total realized funds from those sales to burn the tokens. 4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB. Featured image from iStock, chart from Tradingview.com

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