Shiba Inu

<ul><li>Shibarium hits 3M daily transactions, showcasing significant network growth and user engagement in the Shiba Inu ecosystem.</li><li>The increasing transaction highlights the potential for growth SHIB growth and hint at a substantial market correlation.</li><li>Despite SHIB trading around $0.00001, recent transactional growth hints at potential investor interest.</li></ul>The Shibarium network, Layer 2 of the Shiba Inu ecosystem, has seen a sharp increase in daily transactions, reaching the impressive milestone of 3 million, as highlighted by LucieSHIB, a well-known blockchain influencer. This development indicates a robust rise in network engagement, mirroring the dynamism observed in the cryptocurrency space. Consequently, this growth has sparked discussions within the community about the potential impact on the<a href="https://cryptotale.org/shiba-inu-shib-rallies-with-803-burn-rate-spike-and-major-whale-moves/" rel="noopener noreferrer nofollow"> Shiba Inu </a>ecosystem tokens, particularly SHIB.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d30f1b482a004524add4aee078525483.png" />Initially, Shibarium&#39;s daily transactions <a href="https://x.com/LucieSHIB/status/1739936864742641811?s&#61;20" rel="noopener noreferrer nofollow">hovered</a> around 200,000 following its mainnet launch. However, the network&#39;s activity accelerated dramatically, with statistics from December showing daily transactions fluctuating between 5 and 8 million. This rapid increase underscores the escalating interest and participation in the Shibarium network. Moreover, the total number of<a href="https://www.binance.com/en/feed/post/1293704104122" rel="noopener noreferrer nofollow"> transactions</a> on Shibarium has now surpassed 360 million, with the network boasting over 1.35 million wallets and more than 3.26 million blocks mined.Read full article at <a href="https://cryptotale.org/shibariums-3-million-transaction-spike-signals-potential-for-shib-tokens/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Shibarium's 3 Million Transaction Spike Signals Potential for SHIB Tokens

CryptoTale

Other articles published on Feb 20, 2024

SOL Price Prediction: Can SOL reach $115 in the coming days?

DeeStream presale excites BNB and Solana holders with 25x predicted

Filecoin (FIL) Price Shoots By 16%, Gears Up For 200% Surge to $25

$6.9 Trillion Tsunami Headed for Crypto Market — How High Could It Push This Memecoin?

Exchange Interest Proves Blockchain Interoperability Interest Is Growing

Sam Bankman-Fried’s prison photo reveals the transformation

Join our free newsletter for daily crypto updates!