Shiba Inu’s Layer-2 solution, Shibarium, has recently seen a remarkable surge in transaction activity, with a staggering 140% increase in the last 24 hours, based on data from Shibariumscan. The platform recorded an impressive 2.75 million transactions during this period, showcasing a significant leap from the 1.96 million transactions reported just a day ago.
This surge comes after a period of heightened activity for Shibarium, with a peak of 7.84 million transactions per day at the end of November. However, the platform experienced a noticeable decline in transaction volume towards the end of 2023, hitting a low point last week at 1.16 million transactions.
Fortunately, since Jan. 13, the platform has experienced a remarkable recovery, witnessing a solid 237% increase in transaction numbers.
In addition, the total tally of transactions on Shibarium since the full launch of Shiba Inu’s blockchain at the end of August is close to reaching an impressive 300 million, according to Shibariumscan. Over this period, Shibarium has successfully executed 2.76 million blocks, facilitated 1.43 million transfers of BONE, the blockchain’s key token, and engaged a network of 1.34 million addresses.
This surge in transaction activity underscores Shibarium’s resilience and popularity among Shiba Inu enthusiasts. The impressive recovery from the recent low point, as well as the substantial increase in transactions, highlights its ongoing success as a Layer-2 solution for the SHIB ecosystem.
As the platform continues to demonstrate its strength, the Shiba Inu community eagerly anticipates further developments and milestones in the near future. This surge in transaction activity reflects the growing interest and adoption of Shibarium and the Shiba Inu ecosystem, demonstrating its potential for further growth and development in the cryptocurrency and NFT space.
