Shibarium, the clever scaling solution by Shiba Inu, has given a big boost to its platform. It achieved a remarkable feat by handling an astounding 7.4 million transactions in a single day.
Shibarium, the technology that helps Shiba Inu work faster, has achieved something remarkable. It processed a whopping 7.4 million transactions in a single day, setting a new record. This accomplishment is part of a larger surge, with the platform managing over 12.5 million transactions in just two days. This turnaround is noteworthy for a network that seemed quiet or even inactive a few weeks ago.
Shibarium’s Remarkable Comeback: Surging Transaction Activity
Shibarium has undergone a remarkable resurgence, marking a stark contrast to its previous period of inactivity. In just the past few days, the network has recorded an impressive surge in transaction volume, reaching nearly 35,000 transactions on Tuesday and over 29,000 on Wednesday.
This surge in activity represents the highest peak since October 25, when Shibarium processed a then-record of 62,000 transactions. Despite showing signs of increased activity earlier this month, the recent spike has exceeded all expectations. This resurgence is particularly notable considering the platform’s earlier struggles, experiencing days with fewer than 10,000 transactions.
Shibarium’s Impact: Modest Rise in SHIB Price
Despite Shibarium’s impressive performance, the enthusiasm hasn’t translated into a significant surge in the value of SHIB. The meme coin, ranking as the second-largest of its kind, has observed only a modest uptick of 2.5% in its price over the last 24 hours.
As per current market data, SHIB is priced at $0.00000852, with a 24-hour trading volume of $134,747,522. While Shibarium’s accomplishments are commendable, they are yet to exert a substantial influence on SHIB’s market cap or its standing on the radar of investors.
Important:Ā 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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