Shiba

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The blockchain solution from&nbsp;<a href="https://u.today/shiba-inu-shib-in-recovery-mode-as-open-interest-surges" rel="noopener noreferrer nofollow">Shiba Inu</a>, Shibarium, has soared by an impressive 160% in the last 24 hours, marking a significant recovery in key metrics. According to data from&nbsp;<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a>, transactions on the network surged to a staggering 562,980 within the reviewed period, up from a mere 352,000 earlier in the day. This surge follows a recent downturn when, just two days prior, transaction volume plummeted by 63.2% from its peak of 958,500.&nbsp;
However, the latest uptick has reinstated Shibarium's position, with daily transactions now surpassing half a million once again.
As a result, the total number of completed transactions on Shibarium since its launch in August 2023 has reached a whopping 415 million. In addition, we can mention an impressive 100,000 in the number of accounts - 1.782 million addresses.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f84c6bdc-8979-45c5-9ec4-6d899a8ccb0f" src="https://u.today/sites/default/files/inline-images/shibbba_0.png">Source: <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan</a>
Apart from the number of daily transactions experiencing significant perturbations in Shiba Inu's network from day to day, the other metrics of this blockchain remain more stable in their performance.&nbsp;
The anomalous activity on&nbsp;<a href="https://u.today/shiba-inus-supercycle-insider-optimism-peaks-as-btc-halving-nears" rel="noopener noreferrer nofollow">Shibarium</a> can be interpreted differently, but what is certain is that there is interest in the project. At least because conventional wisdom says that bursts of activity in blockchain are precursors to major price movements in tokens related to this crypto ecosystem.&nbsp;
As such, it will be interesting to see what happens to&nbsp;<a href="https://u.today/shib-major-alert-issued-by-shiba-inu-team-member-for-urgent-action" rel="noopener noreferrer nofollow">SHIB</a> and BONE in the near future against the backdrop of this roller coaster ride at the Shibarium.

Shiba Inu's Shibarium Skyrockets 160% as Key Metric Recovers

U_Today

Other articles published on Apr 18, 2024

Nigeria ranked 5th in cybercrime

BlockDAG Presale Surges to $18.2M And 30,000x ROI, Soaring Past Kelexo & Algotech With Moon Keyno...

Exploring Regulatory Challenges and Market Trends as Bitcoin Halving Nears

The Bright Future of Bitgert Coin: Here’s What You Need to Know

Apple Aims to Reclaim Top Spot with AI Integration Amid Declining Sales

Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent

Join our free newsletter for daily crypto updates!