According to U.Today, Shibarium, the blockchain solution from Shiba Inu, has seen a significant 160% increase in the last 24 hours. This marks a substantial recovery in key metrics. Data from Shibariumscan reveals that transactions on the network surged to an impressive 562,980 within the reviewed period, a significant increase from the earlier 352,000. This surge comes after a recent downturn when, just two days prior, transaction volume had dropped by 63.2% from its peak of 958,500.
However, the latest uptick has reinstated Shibarium's position, with daily transactions now surpassing half a million once again. Consequently, the total number of completed transactions on Shibarium since its launch in August 2023 has reached a staggering 415 million. Additionally, the number of accounts has also seen a significant increase, with 1.782 million addresses now registered.
Despite the number of daily transactions experiencing significant fluctuations in Shiba Inu's network from day to day, other metrics of this blockchain have remained more stable in their performance. The unusual activity on Shibarium can be interpreted in various ways, but it is certain that there is interest in the project. This is because conventional wisdom suggests that bursts of activity in blockchain are often precursors to major price movements in tokens related to this crypto ecosystem. Therefore, it will be interesting to observe the future performance of SHIB and BONE against the backdrop of this roller coaster ride at the Shibarium.
