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<div class="coingape"> 
 <h2 id="b-shibarium-rise-post-relaunch-b"><b>Shibarium Rise Post-Relaunch</b></h2> 
 <p><span style="font-weight: 400;">Only nine days after its </span><span style="font-weight: 400;">relaunch</span><span style="font-weight: 400;">, <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is making headlines, with its explorer, <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> Scan, reporting over 1 million transactions. Moreover, the network’s daily transactions have touched a noteworthy 125k mark.</span></p>  
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 <p><span style="font-weight: 400;">Last week, the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> network crossed the 1 million wallet </span><span style="font-weight: 400;">threshold</span><span style="font-weight: 400;">, indicating a rapid user adoption rate compared to other mainstream crypto networks like Cardano and XRP Ledger. Consequently, this explosive growth showcases the network’s resilience and potential following its initial technical setbacks.&nbsp;</span></p> 
 <p><img decoding="async" class="aligncenter wp-image-158543" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20791%20316'%3E%3C/svg%3E" alt="" width="791" height="316" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 1124w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 150w" data-lazy-sizes="(max-width: 791px) 100vw, 791px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp"> 
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   <img decoding="async" class="aligncenter wp-image-158543" src="https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp" alt="" width="791" height="316" srcset="https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 1124w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/737660a1766636c3a1dcb83989e82af0.webp 150w" sizes="(max-width: 791px) 100vw, 791px"> 
  </noscript></p> 
 <p style="text-align: center;"><em>Source: <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> Scan</em></p>  
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 </div> 
 <h2 id="b-impact-on-the-shiba-inu-ecosystem-b"><b>Impact on the Shiba Inu Ecosystem</b></h2> 
 <p><span style="font-weight: 400;">Despite the stellar transaction growth and user adoption, the Shiba Inu tokens (SHIB and BONE) have yet to experience an equivalent surge in value. According to CoinGecko data, the price of SHIB has fallen slightly over 20% since its initial launch on August 16.&nbsp;</span></p> 
 <p><span style="font-weight: 400;">However, Shiba Inu (SHIB) has recovered after establishing support at $0.000007435 in the last 24 hours. At press time, SHIB bulls had negated the bearish hand, with Shiba Inu price exchanging hands at </span><span style="font-weight: 400;">$0.00000768</span><span style="font-weight: 400;">.&nbsp;</span></p>  
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 <p><span style="font-weight: 400;">&nbsp;</span><span style="font-weight: 400;">In contrast, BONE’s price has hit its 7-day low in the last 24 hours, dipping from a high of $1.05 to a low of $0.9864 before recovering slightly to $1.01.&nbsp;</span></p> 
 <p><img decoding="async" class="aligncenter wp-image-158544" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20651%20506'%3E%3C/svg%3E" alt="" width="651" height="506" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 696w, https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 150w" data-lazy-sizes="(max-width: 651px) 100vw, 651px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp"> 
  <noscript> 
   <img decoding="async" class="aligncenter wp-image-158544" src="https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp" alt="" width="651" height="506" srcset="https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 696w, https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/042e0040e97b2f239747348fbc5e1fd0.webp 150w" sizes="(max-width: 651px) 100vw, 651px"> 
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 <p style="text-align: center;"><em>SHIB/USD 1-day chart</em></p> 
 <p><span style="font-weight: 400;">Significantly, the Total Value Locked (TVL) on Shibarium stands at $1.06 million, suggesting that users are cautiously locking capital. </span><span style="font-weight: 400;">However, crypto influencer and analyst Jane Doe noted, </span></p> 
 <blockquote> 
  <p><span style="font-weight: 400;">“The numbers can’t be ignored. <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s rapid user adoption and high transaction count indicate underlying strength and should not be underestimated.”</span></p> 
 </blockquote> 
 <p><span style="font-weight: 400;">Additionally, the Shibarium team is in talks with third-party bridges to facilitate the transfer of other tokens onto its network. With plans to add more validators and to decentralize its governance token, Bone (BONE), the Shibarium network is laying the infrastructure for future scalability and security.</span></p> 
 <p><span style="font-weight: 400;">Although the Shiba Inu tokens have yet to reflect the network’s success, <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s accelerated growth is a robust indicator of its influence and potential in the broader crypto market. As the web matures, it will be interesting to observe whether this momentum translates into increased token value and broader market impact.</span></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shibarium-hits-1m-wallets-125k-daily-transactions-in-9-days-tbt61640.html">https://thebittimes.com/shibarium-hits-1m-wallets-125k-daily-transactions-in-9-days-tbt61640.html</a></p>

Shibarium Hits 1M Wallets, 125k Daily Transactions in 9 Days

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