Shibarium Witnesses 400% Increase in Daily Transactions
Shiba Inu’s layer-2 solution, Shibarium, has experienced a significant surge in daily transactions, reaching over 62,000 on October 25. This represents a 400% increase compared to the previous day. Since its launch in August, Shibarium has seen over 1.3 million blocks and is approaching 4 million overall transactions.
What’s New With Shibarium?
After a period of low transaction volume, Shiba Inu’s layer-2 blockchain solution, Shibarium, has finally reversed the trend. On October 25, the number of daily transactions on the network climbed to over 62,000. This represents a 400% increase compared to the previous day. Since its launch in August, Shibarium has seen over 1.3 million blocks and is approaching 4 million overall transactions.
Could This Drive SHIB Price Up?
Shibarium’s progress is seen as a potential catalyst for a rally in Shiba Inu (SHIB) price. The coin’s price has increased by approximately 10% in the past 24 hours and nearly 20% on a weekly basis. Additionally, the overall bullish condition of the cryptocurrency market could also be contributing to SHIB’s performance. Bitcoin (BTC) recently reached a 17-month high of $35,000, and many altcoins are also experiencing positive growth.
Hot Take: Shibarium’s Surge in Transactions Could Boost SHIB Price
Shiba Inu’s layer-2 solution, Shibarium, has experienced a significant increase in daily transactions, reaching over 62,000 on October 25. This surge in activity could potentially drive up the price of Shiba Inu (SHIB), which has already seen a 10% increase in the past 24 hours and a 20% increase over the week. Combined with the overall bullish trend in the cryptocurrency market, Shibarium’s growth is promising for SHIB investors.
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