TL;DR
One of the biggest Indian cryptocurrency exchanges noted that Shiba Inu (SHIB) was highly traded on its platform last year, even surpassing Bitcoin and Polygon in February.
Shiba Inu introduced Shibarium, a layer-2 blockchain solution, to enhance efficiency and scalability, achieving over 200 million transactions.
Despite recent progress, SHIB’s price hasn’t seen substantial gains, with a 12% drop noted on January 3, though trends like negative SHIB exchange netflow suggest potential for future price recovery.
Shiba Inu’s Success in 2023
The leading Indian cryptocurrency exchange – WazirX – revealed that Shiba Inu (SHIB) was the second-most traded cryptocurrency on its platform last year.
What is more, the self-proclaimed Dogecoin killer was the most popular token on the trading venue in February, surpassing Bitcoin (BTC) and Polygon (MATIC). This was the only month when the largest digital asset by market capitalization did not finish first.
2023 has been highly p
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