Shibarium Witnesses Surge in Daily Transactions
The Shiba Inu layer 2 blockchain platform, Shibarium, has experienced a significant increase in transaction activity. Daily transactions on the platform have reached a new monthly high of about 3 million, surpassing previous benchmarks. This surge in daily transactions marks the highest level seen this month, indicating the rapid spread and recognition of Shibarium in recent weeks. However, it is still below the peak level recorded in December when daily transactions reached around 7.5 million.
Major Milestones for Shibarium
Shibarium has also achieved other significant milestones. The total number of transactions on the platform since its launch has surpassed 357 million. Additionally, over 3.27 million blocks have been processed on the blockchain, demonstrating increased demand for scalable features. The number of interacting wallet addresses has crossed 1.35 million, and network utilization has increased by over 51%, highlighting growing adoption.
Shiba Inu Team Plans Token Burn
The Shiba Inu team has announced their plan to burn SHIB and other top Shibarium tokens. The funds generated from the sale of the new NFT collection called Shiboshis will be used for this purpose. Tokens such as SHIB, BONE, LEASH, TREAT, and SHI will be burned using a portion of the funds from the sales. Unclaimed Shiboshis will be sent to Uniswap for sale, with 10% of the proceeds being used to burn the tokens.
Hot Take: Increased Interest in Shiba Inu Expected
The surge in Shibarium network activity is likely to attract more interest from investors in Shiba Inu and other projects within the SHIB ecosystem. This rise in transaction volume and adoption further strengthens the overall ecosystem, creating potential opportunities for growth and development.
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