Polygon

Shiba Inu

Alien

<div class="watcher-guru"> 
 <p>Shiba Inu has evolved to become a prominent meme coin. The developers of Shiba Inu have been working on building new utilities and <a rel="dofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> for the project’s community.</p> 
 <p>One of their major technical initiatives has been the development of <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>, which is intended to be a layer-2 scaling solution for the Shiba Inu network. <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> aims to improve transaction speeds and reduce fees through layer-2 technology.</p> 
 <p><strong>Also read:&nbsp;Cardano’s Hoskinson Makes Jaw-Dropping Discovery That Could Unlock Alien Life Secrets</strong></p> 
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 <p>The launch of <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> represents a major milestone for the Shiba Inu developers as they continue building out the project’s technological capabilities.</p> 
 <p>Shiba Inu has seen a notable spike in large transactions of over $100,000 in the past two days. According to blockchain data provider IntoTheBlock, these transactions have surged over 700% since Monday.</p> 
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  <img decoding="async" width="1024" height="297" src="https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp" alt="" class="wp-image-109595" srcset="https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 1024w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 1536w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 380w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 550w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 800w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 1160w, https://cdn.thebittimes.com/images/2023/08/31/0dd2f376c9e5384196190fd3cabae601.webp 1722w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h2 class="wp-block-heading" id="h-shiba-inu-records-movement-of-trillions-of-shib">Shiba Inu records movement of trillions of SHIB</h2> 
 <p>Specifically, IntoTheBlock recorded $17.39 million worth of large Shiba Inu transactions, accounting for approximately 2.06 trillion SHIB moved. This has contributed to a daily transaction volume of 2.43 trillion SHIB in the past 48 hours.</p> 
 <p>The surge can be attributed to the long-awaited relaunch of <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>, the Layer 2 scaling solution. Despite some initial setbacks during <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s reboot, collaborative troubleshooting between SHIB developers and Polygon engineers got the protocol back online and running smoothly.</p> 
 <p><strong>Also read: Coinbase Customers Have a Voice in SEC Lawsuit, Says Deaton</strong></p> 
 <p>With <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s issues resolved and the platform operational again, investors and speculators appear to be piling back into SHIB. Large transactions over $100,000 seem to make up the bulk of this renewed interest.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
  <li>Shibarium</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-700-increase-in-large-shib-transactions-in-48-hours-tbt60984.html">https://thebittimes.com/shiba-inu-700-increase-in-large-shib-transactions-in-48-hours-tbt60984.html</a></p>

Shiba Inu: 700% Increase in Large SHIB Transactions in 48 Hours

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