Shibarium Transaction Volume Reaches All-Time High
Since its launch on August 16, Shibarium, the layer 2 blockchain network developed by the creators of the Shiba Inu (SHIB) cryptocurrency ecosystem, has seen a surge in interest. This is evident from the growing number of wallets and the recent achievement of a new record in transaction volume.
The data from Shibariumscanexplorer on November 21 revealed that Shibarium has surpassed 4 million transactions, reaching a new all-time high. The cumulative count of cryptocurrency wallets on Shibarium has also reached 1,270,675, with approximately 13,099 new addresses added daily since its inception.
BONE Price Analysis
Meanwhile, BONE, known as the “passport to Shibarium” by Shytoshi Kusama, is currently priced at $0.64. It has recorded a decrease of -3.17% in the past day, -5.11% in a week, and -10.21% over the previous 30 days. The smart contract of BONE is still under Kusama’s supervision, with plans to transfer control to the community at a later time.
SHIB Price Analysis
SHIB, the cryptocurrency from which Shibarium originated, is trading at $0.0000084. It has experienced a -3.48% decline in the past 24 hours and a -2.71% loss over the preceding seven days, but it shows an 18.71% gain on its monthly chart as of November 21.
Shiba Inu has recently introduced a “Donate” feature to its blockchain solution, Shibarium. This feature allows users to provide financial support to non-profit validators who enhance the network’s security and efficiency.
Hot Take: The Growing Influence of Shibarium
Shibarium’s record transaction volume and expanding user base demonstrate its growing influence in the cryptocurrency space. With ongoing developments such as the introduction of new features like “Donate,” it is clear that Shibarium is positioning itself as a significant player in the blockchain network ecosystem.
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