Shiba Inu Layer 2 Blockchain Platform Shibariohas witnessed a notable increase in transaction activity carried out on the platform, with its daily transaction performance reaching a new monthly high.
Shibarium Daily Transactions Soar
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 increase in daily transactions, reaching around 3 million.
The increase in daily transactions Even the coveted 3 million milestone marks the highest level the network has seen this month. This comes weeks after the number of daily transactions on the network plummeted to approximately 1.07 million.
Consequently, the notable increase shows how quickly Shibarium has spread and gained widespread recognition in recent weeks. This appears to be a significant advance. However, it is still below the highest level recorded in December.
Shibarium has seen large increases in network activity before, when its daily transactions peaked at around 7.5 million. After crossing the 7 million mark, it managed to stay above this level for a month before falling almost 50% in January.
Data from 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 exceeded 357 million.
It is worth noting that Shibarium's performance goes beyond network transactions. More than 3.27 million blocks have been processed on the blockchain, suggesting a crucial increase in demand for scalable features.
Furthermore, the total number of interactive wallet addresses registered on the network has exceeded 1.35 million. Additionally, network utilization increased by more than 51%, indicating an increase in adoption.
Due to this sharp increase in Shibarium network activity, investor interest in Shiba Inu is expected to increase. Therefore, it reinforces all other projects and crypto assets in the SHIB ecosystem.
The Shiba Inu team will burn the best Shibarium chips
Lucie, Head of Marketing at Shiba Inu, has revealed the team's plan to burn SHIB and several other major Shibarium tokens. She went up to platform share development with the SHIB community.
Lucie noted that the funds raised from the sale of the new Shiboshis nft collection will be used to burn the tokens. These include Shiba Inu (SHIB)Bone ShibaSwap (BONE), LEASH, TREAT and SHI.
Specifically, any Shiboshis that are not claimed by holders will be sent to Uniswap for sale. So he shiba inu team will use 10% of the total funds obtained from those sales to burn the tokens. 4% of the funds will be reserved for burning BONE, LEASH, TREAT and SHI, while 6% will be used for burning SHIB.
Featured image from iStock, chart from Tradingview.com
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