Shibarium's fees explode 500% in day, with active accounts soaring 211%; is Shiba Inu (SHIB) mania in full swing?
Shibarium's fees explode 500% in day, with active accounts soaring 211%; is Shiba Inu mania in full swing?According to the latest data, Shibarium, the Llayer-2 blockchain solution for Shiba Inu, experienced a surge in transaction fees over the past 24 hours. Thus, reveals that gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, skyrocketed by a whopping 500%, soaring from 12 BONE to an astounding 61.47 BONE.
Intriguingly, while the number of new accounts did not witness a surge, it rather experienced a decline. This suggests that the surge in activity predominantly emerged from existing accounts, rather than newbies onboarding into the ecosystem.This surge in transaction fees and network activity raises important questions about the future trajectory of Shiba Inu's network and tokens.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.New Era of the Sports Industry. Support Young Football Players Through Tokens
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