Shiba Inu

<ul><li>Shibarium reaches over three million blocks, demonstrating significant adoption with 1.35 million wallet addresses and over 332.896 million transactions.</li><li>The platform experiences a 254% increase in new account activity, with BONE&#39;s market capitalization rising.</li><li>The introduction of an automated SHIB token-burning mechanism on Puppynet aims to reduce SHIB&#39;s circulating supply, potentially impacting its price positively.</li></ul>Shibarium, the Layer-2 scaling solution for the Shiba Inu cryptocurrency, has recently surpassed three million blocks, marking a significant milestone in its development. Shibarium boasts over <a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">332.896 million transactions</a> and has attracted 1.35 million wallet addresses, demonstrating its growing appeal. Notably, the platform has managed an average block time of just 5 seconds, alongside gas fees that are effectively at zero, showcasing impressive performance in terms of throughput and cost-effectiveness. Furthermore, the daily transaction volume has soared to <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">2.46 million</a>.The surge in Shibarium&#39;s adoption is further highlighted by a 254% increase in new account activity over a span of three days.  This spike has raised the total number of contracts to 15,004, reflecting robust development activity on Shibarium. As of now, the platform supports 8,979 tokens and has a total account count of 63,225.Shibariumscan <a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">reported</a> a dramatic increase in daily new accounts, jumping from 24 on February 1 to 61 on February 3, bringing the total to 63,162. This spike in network usage usually signals potential price movements in related cryptocurrencies. Interestingly, the primary cryptocurrency within the Shibarium ecosystem is not SHIB but BONE. BONE is used for gas tolls and validator stakes, potentially benefiting from the surge in account activity. The token’s market capitalization was up 0.63%, at presstime.Read full article at<a href="https://cryptotale.org/shibarium-surpasses-332-million-transactions-amid-new-account-activity-boom/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Shibarium Surpasses 332 Million Transactions Amid New Account Activity Boom

CryptoTale

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