Shiba Inu daily active addresses have increased significantly, indicating growing interest and a potential price rally. 📈 Other developments such as the burning mechanism and the advancement of Shibarium may also positively affect the value of SHIB. 🔥
According to IntoTheBlock data, SHIB daily active addresses increased by 13% to over 3,500. This rise may indicate increased demand for the asset and increased interest from investors.
The team behind the Meme coin has adopted a burn mechanism aimed at reducing the circulating supply. According to the data, 410 trillion SHIB tokens (approximately 41% of the maximum total supply) were destroyed.
Another factor that may positively affect the SHIB price is the further development of the layer-2 blockchain solution Shibarium. Shibarium aims to increase speed and lower wages, placing the Shiba Inu above its competitors.
Finally, total transactions rise above the 360 million mark, while wallet addresses are approaching the 1.5 million level.