Shiba

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Shiba Inu's Layer-2 solution, Shibarium, has witnessed an astounding surge in transaction activity, catapulting an impressive 140% within the last 24 hours, according to&nbsp;<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a> data. The platform recorded an astonishing 2.75 million transactions during this period, showcasing a substantial leap from the 1.96 million transactions reported just a day ago.
This surge follows a period of heightened activity for&nbsp;<a href="https://u.today/shibarium-eyes-major-new-milestone-as-shib-rises-650" rel="noopener noreferrer nofollow">Shibarium</a>, marked by a peak of 7.84 million transactions per day at the end of November. However, toward the end of 2023, Shibarium experienced a noticeable decline in transaction volume, hitting a low point last week at 1.16 million transactions.
Fortunately, since Jan. 13, the platform has experienced a remarkable recovery, witnessing a solid 237% increase in transaction numbers. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="69aa2c31-c7ea-40d9-a98d-04e94705112a" src="https://u.today/sites/default/files/inline-images/shisbasa.png">Source: <a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a>
The total tally of transactions on Shibarium since the full launch of Shiba Inu's blockchain at the end of August is on the cusp of reaching an impressive 300 million, as reported by Shibariumscan. Over this period, Shibarium has successfully executed 2.76 million blocks, facilitated 1.43 million transfers of BONE, the blockchain's key token, and engaged a network of 1.34 million addresses.
This surge in transaction activity underscores Shibarium's resilience and popularity among&nbsp;<a href="https://u.today/shiba-inu-shib-skyrockets-1173-as-whales-make-intriguing-move" rel="noopener noreferrer nofollow">Shiba Inu</a> enthusiasts. The impressive recovery from the recent low point and the substantial increase highlights its ongoing success as a Layer-2 solution for the&nbsp;<a href="https://u.today/shiba-inu-shib-rapidly-breaks-down-ethereum-eth-loses-traction-while-solana-sol-presents-hidden" rel="noopener noreferrer nofollow">SHIB</a> ecosystem.
As the platform continues to demonstrate its strength, the Shiba Inu community eagerly anticipates further developments and milestones in the near future.

Shiba Inu's Shibarium Skyrockets Whopping 140% in Transaction Activity

U_Today

Other articles published on Jan 21, 2024

Polygon Rival Raises $10 Million in Presale, Sparks Interest Among MATIC Holders

Bitcoin (BTC) Price Eyes $38,000 as Top Analyst Warns Investors Ahead of Halving

Experts Now Predicting Pushd (PUSHD) to Become Gamechanging Coin over Cosmos (ATOM) and Stellar (...

dogwifhat Price Prediction – What Factors Contributed to $WIF Reaching Its All-Time High?

Warzone Season 1 Reloaded Launch Faces Challenges: Raven Software Issues Apology

Kelexo (KLXO) Presale Gains Momentum with Participation from Binance Coin (BNB) and Cardano (ADA)...

Join our free newsletter for daily crypto updates!