Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Shiba Inu: Shibarium 5 Million Daily Transactions Generate Enthusiasm

Published 2023-12-03, 08:14 a/m
© Reuters.  Shiba Inu: Shibarium 5 Million Daily Transactions Generate Enthusiasm
SHIB/USD
-

U.Today - Shiba Inu Layer-2 solution saw a more than six-fold increase in daily transactions, which jumped from 748,230 on Nov. 30 to hit 5.1 million in the past day.

Shibarium saw a massive 583% spike in daily transactions, which set a new high on Dec. 1. The surge triggered enthusiasm across the board, given that all the while Shibarium daily transactions had flatlined between the 10,000 and 20,000 range.

Occasionally, the Shiba Inu Layer 2 witnessed a drop below the lower end of the range, falling below 10,000, and a few times exceeded the 20,000 range, surpassing 43,000 at one instance.

Reacting to the recent massive spike in Shibarium transactions, Shiba Inu developer tweeted excitedly: "Shibarium, you trooper, continues to do what it's built to do."

team member Lucie draws attention to the positivity on X: "Shibarium transactions hitting new highs at 5.1 million daily transactions."

Lucie highlights "increased traffic, soaring gas prices and more burn" on Shibarium while predicting that "the momentum is coming slowly but surely."

BONE jumps 20%

, the Shibarium gas token, appears to be a major beneficiary of the recent enthusiasm surrounding Shibarium. The has jumped since Dec. 1, when transactions on Shibarium began to soar.

At the time of writing, has hit 12,731,763 in total transactions after gaining 5.1 million transactions in the past day.

The total blocks created by Shiba Inu Layer 2 Shibarium are now 1,902,645 at an average block time of 5.0 seconds. Wallet addresses have grown to a current figure of 1,277,477, per data.

The BONE price is replicating Shibarium's growth, climbing nearly 20% in the last 24 hours. At the time of writing, BONE was up 15.39% in the last 24 hours to $0.724.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.