Shiba

Ethereum

when

Shiba Inu

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A new day has brought a new twist to the popular meme-inspired&nbsp;<a href="https://u.today/shiba-inu-shib-skyrockets-203-in-volume-as-price-makes-massive-breakout" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> cryptocurrency. According to&nbsp;<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a>, the total volume of BONE tokens collected as transaction fees on the Shibarium network has increased by 2,190% in the last 24 hours.&nbsp;
Many people may be aware that more than a year ago, a team of Shiba Inu enthusiasts launched decentralized blockchain Shibarium. This layer-2 solution, built on top of the Ethereum Virtual Machine, uses BONE, a token of the Shiba Inu ecosystem, as a gas payment.&nbsp;
Of course, SHIB also benefits from the operations of Shibarium, where part of the BONE collected for commissions is converted into&nbsp;<a href="https://u.today/shiba-inu-shib-finally-bullish-xrp-getting-closer-to-edge-solana-sol-fails-at-150-once-again" rel="noopener noreferrer nofollow">SHIB</a> and then burned. In this way, the operation of the network stimulates the deflation of the original Shiba Inu token. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="5875c214-5ca9-4fb7-b5c9-3ffd596c1850" src="https://u.today/sites/default/files/inline-images/shibarium_13.png">Source: <a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a>
The increase in commissions collected occurred against the backdrop of increased activity on the network. In particular, during this 24-hour period, Shibarium saw an increase in the number of daily transactions from 6,209 to 8,025.&nbsp;
With the increase in network usage, gas fees on the network naturally increased, and as a result, the amount of BONE tokens collected that day increased from 20.01 BONE to 438.79 BONE.&nbsp;
Whether this outbreak is just a short-term blip or the beginning of a full-blown trend of increased activity in the Shibarium is a question that the SHIB community, and blockchain enthusiasts in general, will soon have to answer.
Previously, the&nbsp;<a href="https://u.today/shiba-inu-shib-burn-rate-shoots-up-647-as-price-rallies-13" rel="noopener noreferrer nofollow">Shiba Inu</a> network had already seen a noticeable spike in activity nearly a year ago, when the number of transactions suddenly surpassed millions per day and had been doing so for several months.

Shiba Inu (SHIB) Ecosystem Stunned as 24-Hour Shibarium Fees Jump Over 2,190%

U_Today

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