According to Shibariumscan statistics, Shiba Inu’s Layer-2 solution, Shibarium, has seen an incredible spike in transaction activity, rising by an unbelievable 140% in the previous day. A significant increase over the 1.96 million transactions reported a day earlier, the platform registered an astounding 2.75 million transactions during this time.
This spike comes after a period of high activity for Shibarium, which peaked at the end of November with 7.84 million daily transactions. Shibarium’s transaction volume did, however, noticeably decrease towards the end of 2023; it reached a low point last week of 1.16 million transactions.
Thankfully, the platform has made a strong comeback since January 13 and has seen a good 237% rise in transaction volume.
According to Shibariumscan, the number of transactions on Shibarium since the official launch of Shiba Inu’s blockchain at the end of August is almost certain to surpass 300 million. Shibarium has engaged a network of 1.34 million addresses, performed 2.76 million blocks successfully, and enabled 1.43 million transactions of BONE, the blockchain’s primary currency, during this time.
This spike in transaction volume demonstrates Shibarium’s tenacity and appeal to Shiba Inu fans. Its noteworthy rise and remarkable comeback from the recent low point demonstrate its continued performance as a Layer-2 solution for the SHIB ecosystem.
The Shiba Inu community looks forward to more advancements and milestones in the coming future as the platform keeps proving its strength.
