{"id":575972,"date":"2024-02-20T11:00:05","date_gmt":"2024-02-20T11:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=575972"},"modified":"2024-06-11T08:09:33","modified_gmt":"2024-06-11T08:09:33","slug":"shiba-inu-shibarium-transaction-activity-spike-amid-market-growth","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-transaction-activity-spike-amid-market-growth\/","title":{"rendered":"Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu layer 2 blockchain platform <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-shibarium-milestone\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Shibarium<\/span><\/a><span style=\"font-weight: 400\">, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Shibarium Daily Transactions Skyrocket<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent <\/span><a href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data <\/span><\/a><span style=\"font-weight: 400\">from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-ecosystem-soars-shibarium-hits-crucial-milestone\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone<\/a><\/div>\n<p><span style=\"font-weight: 400\">The rise in <\/span><a href=\"https:\/\/uniquehot.com\/news\/shibarium-shatters-records-2-million-transactions-in-a-day-after-major-exchange-embraces-shiba-inu-l2\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">daily transactions<\/span><\/a><span style=\"font-weight: 400\"> to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shibarium-shiba-inu-price-wobbles\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">dropping by almost 50%<\/span><\/a><span style=\"font-weight: 400\"> in January.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is worth noting that Shibarium&#8217;s performance goes beyond the network&#8217;s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Due to this sharp rise in Shibarium network activity, investors&#8217; interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Shiba Inu Team To Burn Top Shibarium Tokens\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Lucie, Shiba Inu&#8217;s head of marketing, has revealed the team&#8217;s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to <\/span><a href=\"https:\/\/x.com\/LucieSHIB\/status\/56735583?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">share<\/span><\/a><span style=\"font-weight: 400\"> the development with the SHIB community.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-team-next-big-thing-big-money-shib\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Team Teases \u2018Next Big Thing\u2019 As \u2018Big Money\u2019 Eyes SHIB<\/a><\/div>\n<p><span style=\"font-weight: 400\">Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/why-shiba-inu-has-been-falling-for-two-months-hedera-eos-challenger-viewed-favorably-by-market-analysts\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Shiba Inu (SHIB)<\/span><\/a><span style=\"font-weight: 400\">, Bone ShibaSwap (BONE), LEASH, TREAT, and SHI.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-team-shib-bone-burns\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Shiba Inu team<\/span><\/a><span style=\"font-weight: 400\"> will use 10% of the total realized funds from those sales to burn the tokens. <\/span><span style=\"font-weight: 400\">4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB.<\/span><\/p>\n<figure style=\"width: 2273px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/6J4zy9Jh\/\" alt=\"Shiba Inu\" width=\"2273\" height=\"1351\"><figcaption class=\"wp-caption-text\">SHIB trading at $0.00000966 on the 1D chart | Source: SHIBUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/6J4zy9Jh\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu layer 2 blockchain platform Shibarium, has witnessed a notable surge in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high. Shibarium Daily Transactions Skyrocket The number of transactions on the layer 2 blockchain has skyrocketed since Shibarium was introduced, surpassing multiple noteworthy benchmarks. Recent data from Shibariumscan has revealed an uptick in daily transactions, soaring to about 3 million. Related Reading: Shiba Inu Ecosystem Soars: Shibarium Hits Crucial Milestone The rise in daily transactions to the coveted 3 million milestone marks the highest the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to about 1.07 million. Consequently, the notable rise showcases how quickly Shibarium has spread and gained widespread recognition in the past few weeks. This appears to be a significant development. However, it is still below the highest level it recorded in December.\u00a0 Shibarium has seen large increases in network activity before when its daily transactions reached a peak of around 7.5 million. After crossing the 7 million mark, it managed to maintain above this level for a month before dropping by almost 50% in January.\u00a0 Data from the Shibarium tracker also shows that the network has reached a major milestone in its overall transactions. According to Shibariumscan, the total number of transactions recorded on the platform since its launch has surpassed 357 million. It is worth noting that Shibarium&#8217;s performance goes beyond the network&#8217;s transactions. There have been over 3.27 million blocks processed on the blockchain, suggesting a crucial increase in demand for scalable features. Furthermore, the overall number of interacting wallet addresses recorded in the network has now crossed 1.35 million. In addition, the network utilization is up by over 51%, indicating an increase in adoption. Due to this sharp rise in Shibarium network activity, investors&#8217; interest in Shiba Inu is expected to increase. Hence, it buttresses all other projects and crypto assets in the SHIB ecosystem. Shiba Inu Team To Burn Top Shibarium Tokens\u00a0 Lucie, Shiba Inu&#8217;s head of marketing, has revealed the team&#8217;s plan to burn SHIB and several other top Shibarium tokens. She took to the X platform to share the development with the SHIB community. Related Reading: Shiba Inu Team Teases \u2018Next Big Thing\u2019 As \u2018Big Money\u2019 Eyes SHIB Lucie noted that funds made from the sale of the new NFT collection Shiboshis will be used to burn the tokens. These include Shiba Inu (SHIB), Bone ShibaSwap (BONE), LEASH, TREAT, and SHI. Specifically, any Shiboshis that the holders fail to claim will be sent to Uniswap for sale. Then, the Shiba Inu team will use 10% of the total realized funds from those sales to burn the tokens. 4% of the funds will be set aside to burn BONE, LEASH, TREAT, and SHI, while 6% will be used to burn SHIB. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":563968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[86713,88155,85400,88335,15369,83355,91684,83668,83667,87680,91130,84562,84558,88574,80532],"class_list":["post-575972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-bone","tag-bone-shibaswap","tag-leash","tag-lucie","tag-nft","tag-non-fungible-tokens","tag-shi","tag-shib","tag-shiba-inu","tag-shibarium","tag-shibariumscan","tag-shibusd","tag-shibusdt","tag-treat","tag-uniswap"],"acf":[],"yoast_head":"\n<title>Shiba Inu: Shibarium Transaction Activity Spike Amid Market Growth<\/title>\n<meta name=\"description\" content=\"Shiba Inu layer 2 blockchain platform Shibarium, has witnessed 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