According to U.Today, Shibarium, the layer-2 solution of Shiba Inu, has seen a significant increase in activity, with a 1,733% rise in new accounts in a single day. The network saw 780 new accounts, a significant increase from the 45 recorded the previous day. This surge in activity also resulted in a substantial increase in active accounts, which rose by 148%, from 977 to 1,453 within the same 24-hour period. This sudden increase may lead to speculation, but it certainly highlights a unique phenomenon within the Shiba Inu network.
Despite the significant growth in new accounts, transactional activity within Shibarium has not yet reached its previous levels. Only 5,900 transactions were recorded within the Shiba Inu network over the previous day, a significant decrease compared to its peak of seven million transactions per day at the beginning of the year. The question now is whether the influx of new users can eventually drive transactional activity on Shibarium back to its all-time high levels.
As focus remains on Shibarium's on-chain resurgence, there is speculation about the potential impact of this increased online activity on Shiba Inu's ecosystem, particularly on the market dynamics of the tokens. Market participants should closely monitor the performance charts of Shiba Inu (SHIB) and BONE, in anticipation of the ripple effects of this development.
