Shibarium skyrocketed by 441% this week — Could this signal new era for SHIB community?
token, showed incredible on-chain performance that may astound the SHIB community. Over the past week, daily transaction volume there has increased by an astounding 441%, from 2,990 at the beginning of the week to 13,191 today.The increase in Shibarium activity is likely due to the recent surge in attention to Shiba Inu tokens amid market perturbations. As a result, the demand for transactions has increased too, resulting in higher transaction fees.
Each transaction on the network burns a portion of SHIB by converting a portion of the BONE fee and sending it to a dead wallet.increased from 798 to 836 during the same period. This indicates that current users are becoming more engaged with the network, driving its dynamic growth, even though the number of new accounts has declined slightly.
The network's impressive performance this week highlights its growing importance and utility within the Shiba Inu community. This growth is a strong indicator of the network's potential and the confidence of users. 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.
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