Shiba Inu: Shibarium Witnesses 5 Million Daily Transactions, Ignites Enthusiasm with 20% BONE Price Surge”
Shibarium sees a sixfold increase in daily transactions, propelling the BONE price up by 20%
A staggering over sixfold surge in daily transactions, jumping from 748,230 on November 30 to reach 5.1 million on the previous day.
Shibarium recorded a massive 583% increase in daily transactions, hitting a new all-time high on December 1. This surge has sparked enthusiasm across the board as daily Shibarium transactions remained steady between 10,000 and 20,000.
At times, the Shiba Inu Layer 2 witnessed drops below the lower end of the range, dipping below 10,000 and surpassing the 20,000 range several times, exceeding 43,000 on one occasion.
In response to the recent massive surge in Shibarium transactions, Shiba Inu developer tweeted enthusiastically: “Shibarium, soldier, continues to do what it is designed to do.”
Calling attention to the positivity in X, “Shibarium transactions reach new high levels at 5.1 million daily transactions.”
Lucy highlights “increased traffic and rising gas prices and more fires” in Shibarium while expecting “momentum to come slowly but steadily.”
BONE Jumps 20%
BONE, the gas token of Shibarium, is the prime beneficiary of the recent excitement surrounding Shibarium. The BONE price surged since December 1, as Shibarium transactions began on Shibarium 12,731,763 after reaching 5.1 million transactions on the previous day.
READ MORE "Massive Transfer of SHIB Tokens by FTX Exchange Sparks Price Reaction"
The total blocks created by Shiba Inu Layer 2 Shibarium now stands at 1,902,645 with an average block time of 5.0 seconds. Wallet addresses have increased to the current figure of 1,277,477, as per Shibariumscan data.
BONE price echoes Shibarium’s growth, rising by approximately 20% in the past 24 hours. At the time of writing this report, BONE surged by 15.39% in the last 24 hours to reach $0.724.
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