Shibarium Shatters Records: 2 Million Transactions In A Day – Details
January 17 2024 - 9:00AM
NEWSBTC
After a month of quiet paws, Shibarium, the Layer-2 solution for
the popular meme coin Shiba Inu, has roared back to life with a
staggering 200% increase in daily transactions over the past two
days. This surge marks a dramatic turnaround from its recent lull,
reigniting optimism among the SHIB army and sending the platform’s
gas token, BONE, leaping 6%. Related Reading: Chiliz (CHZ) Jumps
Over 40%: Reasons Behind The Hot Streak Strong Showing: Shibarium
Soars Data from Shibariumscan reveals a notable ascent: On
Saturday, transactions had slumped to a dismal 1.16 million, the
lowest point in recent memory. Awakened by increased activity,
today recorded a remarkable 2 million transactions, surpassing the
platform’s previous peak of 7.84 million in November. Source:
Shibariumscan So, what unleashed this furry fury? Gate.io, a major
cryptocurrency exchange, appears to be the culprit in all the best
ways. Their recent integration of Shibarium allows users to finally
break free from the shackles of centralized exchanges and withdraw
BONE tokens directly onto the Shibarium network. This marks a
monumental milestone, signifying the first major partnership
between Shiba Inu’s Layer-2 solution and a traditional exchange.
Huge shoutout to @gate_io for introducing #Shibarium support! 🚀
Now, easily purchase and send Bone to #Shibarium through Gateio.
Appreciate this 👏 Thank you pic.twitter.com/TOjYOXe42k — 𝐋𝐔𝐂𝐈𝐄 |
Shibarium ⛓️ (@LucieSHIB) January 15, 2024 Gate.io’s decision is a
significant step forward for Shibarium’s accessibility and opens up
exciting possibilities for the platform, according to some
analysts. With over 285 million transactions under its belt, 1.3
million active wallets, and 2.6 million blocks stacked high,
Shibarium’s network metrics tell a story of continuous growth. SHIB
market cap currently at $5.616 billion. Chart: TradingView.com BONE
Surge Fuels Shibarium’s Promising Future And while the price of
SHIB itself experienced a slight dip today, BONE, the fuel that
powers Shibarium, surged an impressive 7%, suggesting investors are
placing their bets on the Layer-2 solution’s future. The question
now: Is this just a fleeting blip on the radar, or the dawn of a
new era for Shibarium? The SHIB community, ever hopeful, chooses to
see it as the latter. Related Reading: Bitcoin Backs Down: Ethereum
Steals The Spotlight With Surge In Market Dominance Some analysts
say this could be a turning point for Shibarium. With more
integrations and partnerships on the horizon, the platform has the
potential to revolutionize how users interact with the Shiba Inu
ecosystem. Only time will tell if Shibarium can sustain this
momentum. But for now, the Shiba Inu’s Layer-2 solution is back in
the spotlight, its paws firmly planted on the gas pedal, and its
sights set on a decentralized future for the meme coin revolution.
Featured image from Shutterstock
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