Shiba Inu’s Layer-2 solution, Shibarium, experienced an impressive surge in daily transactions, skyrocketing from 748,230 on November 30 to an astounding 5.1 million in the last 24 hours.
Shibarium experienced a remarkable 583% increase in daily transactions, reaching a new peak on December 1. This significant surge generated excitement, especially considering that Shibarium’s daily transactions had previously remained relatively steady, ranging between 10,000 and 20,000.
Shibarium Surges: Shiba Inu’s Layer 2 Hits 5.1 Million Daily Transactions
Shiba Inu’s Layer 2 solution, Shibarium, recently witnessed a substantial spike in transactions, reaching an impressive 5.1 million daily transactions. The layer had previously experienced occasional fluctuations, dipping below 10,000 and, on a few occasions, surpassing 20,000, even reaching 43,000 at one point.
In response to the remarkable surge, Shiba Inu developer Kaal Dhairya expressed excitement on Twitter, praising Shibarium: “Shibarium, you trooper, continues to do what it’s built to do.”
#Shibarium you trooper, continues to do what it's built to do
— Kaal (@kaaldhairya) December 2, 2023
Another team member, Lucie, highlighted the positive momentum on X, noting, “Shibarium transactions hitting new highs at 5.1 million daily transactions.” Lucie also pointed out increased traffic, rising gas prices, and more burn on Shibarium, predicting a gradual but sure buildup of momentum.
BONE Surges Alongside Shibarium’s Enthusiastic Rise
Bone ShibaSwap (BONE), the gas token for Shibarium, is emerging as a major gainer amid the recent excitement surrounding Shibarium. The price of BONE experienced a notable surge since December 1, coinciding with the significant increase in Shibarium transactions.
$BONE keeps climbing back.🪜 pic.twitter.com/SRaFkC7wMy
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) December 2, 2023
As of the latest update, Shibarium has amassed a total of 12,731,763 transactions, with a remarkable addition of 5.1 million transactions in the past day alone. The Shiba Inu Layer 2 Shibarium has created a total of 1,902,645 blocks, boasting an average block time of 5.0 seconds. The number of wallet addresses has also seen growth, reaching 1,277,477 according to Shibariumscan data.
Reflecting Shibarium’s upward momentum, the price of BONE has climbed nearly 20% in the last 24 hours. As of the current update, BONE registered a 15.39% increase in the last 24 hours, reaching $0.724.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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